Sat.Dec 21, 2024 - Fri.Dec 27, 2024

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The Case for Outsourcing Collections

Your Virtual Credit Manager

Small and medium businesses (SMBs) have to deal with many of the same challenges as larger ones. A key difference (besides volume of transactions) is the lack of labor specialization. The employees of small companies tend to handle multiple responsibilities – the time devoted to each task can vary greatly as does the proficiency of the person handling those tasks.

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The Hidden Costs of In-House Accounting: Is Outsourcing the Answer?

Accounting Department

For many medium-sized businesses, the decision to maintain an in-house accounting team seems like a straightforward choice. After all, having an on-site dedicated team can seem beneficial for managing financial operations closely. However, beneath the surface lies a myriad of hidden costs that can significantly impact your bottom line. This blog post explores these hidden costs and examines whether outsourcing accounting functions might be a smarter, more efficient alternative.

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Simplify B2B Payments with TreviPay’s Composable Order-to-Cash Process

TreviPay

Unlock Seamless Transactions and Drive Business Growth B2B buying often comes with complexity and friction. TreviPay transforms this experience with over 40 years of expertise in simplifying the order-to-cash process. Our global solutions empower sellers to grow sales, improve cash flow and deliver exceptional buyer experiencesall while reducing risk and increasing loyalty.

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The Ultimate Guide to Credit Application Checklist Spreadsheet Template: Streamline Your Credit Approval Process

Emagia

Creating a comprehensive credit application checklist spreadsheet template is essential for businesses aiming to streamline their credit approval processes and assess customer creditworthiness effectively. This guide provides an in-depth exploration of the key components, benefits, and implementation strategies for such templates. Understanding the Credit Application Checklist Spreadsheet Template A credit application checklist spreadsheet template is a structured tool that assists businesses in

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Top issues and priorities for AML/CFT & anti-fraud programs in 2025

Abrigo

Financial institutions' will focus on these concerns related to AML and fraud Abrigo asked financial institution clients and our Advisory Services team to identify the top issues for 2025. Heres what they said. Key topics covered in this post: Ensuring compliance with AML/CFT program requirements Enforcement emphasizes staffing Integrating AI to fight AI-generated fraud Cybersecurity and evolving fraud threats AML/CFT program compliance Among the hottest issues facing AML/CFT and fraud staff is

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Unlocking Growth: How Accurate Financial Reporting Can Propel Your Business Forward

Accounting Department

In the dynamic world of medium-sized businesses, growth isn't just a goalit's a necessity for survival and success. Yet, achieving sustainable growth requires more than just ambition; it demands a strategic approach powered by accurate financial insights. This is where precise financial reporting becomes a game-changer, offering a roadmap to navigate the complexities of business expansion.

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Optimizing Cash Flow Through Strategic Management of Accounts Receivable (AR) and Accounts Payable (AP)

Emagia

Effective cash flow management is crucial for the financial health of any business. Central to this process are Accounts Receivable (AR) and Accounts Payable (AP), which represent the money owed to a company and the money a company owes, respectively. Understanding and strategically managing AR and AP can significantly enhance a company’s liquidity and operational efficiency.

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Utah film producer sentenced for forcibly retaking seized home and tax bill

Due

A Utah film producer has been sentenced to six years for tax evasion and other crimes. The man, Paul Kenneth Cromar, was also sentenced for attempting to retake land and property seized by a court order. IRS Criminal Investigations Phoenix Field Office and the Treasury Inspector General for Tax Administration (TIGTA) jointly investigated the case. Cromar had been evading the clutches of law enforcement, and the Federal Bureau of Investigations (FBI) had been seeking his arrest since August 2022

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Streamlined Onboarding for Seamless Customer Integration

TreviPay

TreviPay understands that successful onboarding is key to getting new customers and growing average order value. Our onboarding process is designed to be faster, smoother and more customizable than competitors, empowering your business to grow without friction. How TreviPay Makes Onboarding Easy: 1. Proactive Setup 2. Personal Touch & Guidance 3.

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Seamless, B2C-like Purchasing Experience for B2B Buyers 

TreviPay

In todays market, buyers expect a B2C-like experience, even when purchasing B2B. TreviPay provides the speed and simplicity buyers are used to in their personal shopping. We help buyers complete orders in a way thats fast, frictionless and tailored to a modern business purchasing experience. How TreviPay Transforms Ordering 1. Frictionless Purchasing Across All Channels Buyers expect the convenience of a consumer shopping experience, whether theyre making purchases online, in-store or through a

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Empowering Sellers with Simplified Invoicing

TreviPay

B2B buyers drive the payment process and sellers must adapt to ensure they get paid. The shift of power to the buyer means invoicing is no longer simply a back-office functionits essential to meeting buyers needs. At TreviPay, we help sellers focus on what they do best: selling their products and services. We take care of the invoicing, ensuring its simple, seamless and tailored to the buyers requirements.

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Streamlining Payment Settlement with Automation 

TreviPay

Payment settlement is a critical part of the order-to-cash process. Getting payments applied to accounts quickly and accurately can impact a business’s ability to manage cash flow and credit lines. Thats why TreviPay invests in automation and technology to make this process seamless, fast and efficient for our clients. Learn How to Optimize Your Settlement Process Optimizing Payment Application with Advanced Automation B2B buyers need to quickly match payments to invoices is essentialespec

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Real-Time Payment Application for Seamless Accounts Receivable Management

TreviPay

Payment application process is often overlooked but is crucial to ensuring smooth cash flow and operational efficiency. TreviPay recognizes applying payments to invoices quickly and accurately is vital to keep businesses running. Thats why weve integrated advanced automation into the payment application process, allowing us to handle most payments in real-time with minimal manual intervention.

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Empower Sellers with Predictable Cash Flow

TreviPay

TreviPay doesnt just manage risk exposure; we focus on ensuring your customers have the right amount of purchasing power. Our goal is to make sure buyers always have the credit they need to make purchases, while providing your business with predictable cash flow and seamless financial operations. Flexible Funding Options to Suit Your Needs TreviPay offers a range of funding options to best suit your needs: TreviPay Capital : We can provide the funding to support your customers’ purchasing

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Maximize Your Impact: Smart Strategies for End-of-Year Charitable Giving

Due

For many, the holiday season is a time to give generously to charity. In fact, 71% of Americans are expected to donate to charitable causes by the end of the year. This is also the last time to make tax-deductible donations before December 31, which can benefit you financially. In that spirit, here’s how you can maximize the impact of your end-of-year charitable contributions — regardless of whether you’re a seasoned philanthropist or a first-time giver. 1.

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$10M in Medicare and Medicaid abused by Southern California-based clinics

Due

Southern California-based clinics pay $10 million to resolve allegations that they abused the provisions of Medicare and Medicaid claims. Mohammad Rasekhi M.D., Sheila Busheri, Southern California Medical Center (SCMC) and R & B Medical Group Inc., doing business as Universal Diagnostic Laboratories (UDL) are the parties involved. The defendants have all been found complicit in a coordinated investigation by the Civil Divisions Commercial Litigation Branch, Fraud Section, U.S.

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New Year, New Budget: a Fresh Start for Your Finances

Due

As the calendar flips to a new year, many of us are ready for a fresh start. While resolutions like hitting the gym or eating healthier often top the list, we shouldn’t forget about our finances. Despite our best intentions, many struggle to adhere to a budget. Even though most Americans budget each month, 74% to be exact , overspending remains a common issue.

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Unlocking the Potential of Annuities: Versatile Financial Tools for Your Future

Due

Do you want to make sure that your financial future is secure? If you’re looking for a solution, annuities may be the answer. Often misunderstood, annuities can be helpful for various financial planning strategies. Among them are retirement income , long-term care coverage , estate planning , and tax diversification. This blog post will explore the benefits, drawbacks, and how annuities can fit into your overall financial strategy.

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How to Save for Retirement: Do’s and Don’ts

Due

Retirement planning is one of the most important financial endeavors you will ever undertake. Suffice it to say, whether retirement is decades away or just around the corner, taking the right steps today can make a big difference. Now that we’ve established that, let’s dive into what to do and don’t do when saving for retirement. The Dos of Retirement Saving Get a head start on saving.

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Record $22 million crypto case sees accused prosecuted

Due

A record cryptocurrency case has seen the two accused prosecuted for defrauding investors of $22 million. Two California men, Gabriel Hay, 23, of Beverly Hills, and Gavin Mayo, also 23, of Thousand Oaks, are the target of the indictment unsealed in a Los Angeles court. The indictment, which comprises six counts, charges the men with defrauding investors of more than $22 million in cryptocurrency.

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Food City agrees to $8M settlement for opioid claims 

Due

A Virginia-based grocery chain, Food City, has agreed to pay $8M to settle opioid dispensary claims. The company, officially trading as K-VA-T Food Stores Inc., is a Land of Lovers state staple. The United States government alleged that the chain of stores had breached the False Claims Act due to claims that opioids that were dispensed at the locations and other controlled substances did not meet regulations.

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How Enterprise Resource Planning (ERP) Solutions are Shaping Financial Management

Due

Today’s corporate world prioritizes two major business factors: financial precision and coordinated efficiency. These components define a businesss success , and the key to achieving both is implementing Enterprise Resource Planning (ERP) systems as a secret organizational weapon. Picture a solution that organizes financial processes while enabling users to strategize with real-time insight.

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Mastering Accounting Outsourcing: A Comprehensive Guide for Businesses

Emagia

In today’s dynamic business environment, organizations are increasingly turning to accounting outsourcing to streamline operations, reduce costs, and access specialized expertise. This comprehensive guide delves into the multifaceted world of accounting outsourcing, exploring its benefits, potential challenges, implementation strategies, and future trends.