RMAi Blog

SEPTEMBER 16, 2024

CHANDLER, AZ – National Credit Adjusters, a receivables acquisition and management firm headquartered in Hutchinson, KS with a satellite location in Chandler, AZ, was pleased to continue support of an annual water drive spearheaded by the team in the Chandler office. Due to the desert climate, Chandler, AZ has an average temperature of a sweltering 107 degrees in July, taking a toll on the unfortunate during the summer.

Credit and Collections 162

Credit and Collections 162

Your Virtual Credit Manager

SEPTEMBER 17, 2024

For small business executives, and many mid-sized businesses as well, managing collections effectively can be a significant challenge, particularly when time and resources are limited. With so many competing priorities, it’s easy for receivables to take a backseat to other pressing operational tasks. However, failing to dedicate sufficient time and effort to collections can quickly lead to cash flow problems, disrupting the ability to pay suppliers, invest in growth, or even meet payroll.

Credit and Collections 100

Credit and Collections Accounts Receivable (AR) Bad Debt Credit Risk 100

TreviPay

SEPTEMBER 20, 2024

Without customer satisfaction built into your B2B growth strategy, you might run into some unnecessary growing pains. Invoicing is an essential consideration to include in your strategy. As part of a comprehensive smart approach, it’s important to understand that invoicing B2B customers is significantly more complicated than invoicing B2C customers.

Credit and Collections 105

Credit and Collections Cash Applicator 105

Due

SEPTEMBER 20, 2024

In an industry flooded with options, Gavin Maloof and Steve Rice have found a way to stand out with their tequila brand, Comisario. They credit their success to a combination of business acumen, product excellence , and an authentic partnership. From the start, their approach to the competitive liquor market was rooted in creating a product that stood out in terms of taste and upheld values of trust, integrity, and a commitment to customers and employees alike.

105

105

Abrigo

SEPTEMBER 17, 2024

Manage the impact of interest rate cuts at your institution These five tips from Abrigo expert Dave Koch will help banks and credit unions prepare for a rate drop. You might also like this on-demand webinar, "Navigating uncertain times: Strategies for effective risk management and compliance." WATCH Takeaway 1 As financial institutions anticipate rate cuts, many are questioning how to structure their lending and ALM strategies accordingly.

CECL 88

CECL Credit Unions Credit Risk 88

Lendio

SEPTEMBER 19, 2024

Generally, there are two main levers that your business can pull to affect growth metrics: 1) customer acquisition, meaning bringing new shoppers through the door, and 2) customer retention, meaning keeping your old shoppers from exiting that door. Each is a necessary component of business growth, but which is more cost-effective—and which should you prioritize for your small business?

Small Businesses 98

Small Businesses 98

Due

SEPTEMBER 17, 2024

Prospective homeowners have something to look forward to in the coming months. The average mortgage rate across the United States has started to decline in recent weeks, with experts suggesting this trend will continue well into the remainder of the year and much of 2025. Mortgage rates have been at historically high levels for much of the last couple of years.

Credit Scoring 98

Credit Scoring 98

CreditStrong for Business

SEPTEMBER 17, 2024

A conventional home loan is the most common loan product offered by mortgage lenders, making up roughly 64% of the market. Conventional mortgage loans typically require higher credit scores than government-backed loans, but there are also many advantages to going with conventional mortgages. We’ll discuss these factors below. What is the Required Minimum Credit Score for a Conventional Loan?

Credit Scoring 96

Credit Scoring Credit and Collections Credit Unions Default 96

Accounting Department

SEPTEMBER 17, 2024

When you have a small or mid-size business, one of the issues you can run into is not having all the departments a larger company would have. In other words, you might not have dedicated employees for HR, accounting, and other areas. Fortunately, there are ways to outsource a number of services, including client accounting services. This helps keep your company growing and succeeding, without the need to bring on more employees or overwork yourself to get everything done.

Small Businesses 91

Small Businesses 91

Credit Management Group UK

SEPTEMBER 15, 2024

We have recently introduced three new live online training courses. Our second one we would like to introduce is specifically for the Construction Industry. There is currently and introductory offer of £99 + vat. How to get paid in Construction Who will benefit? The course would be most beneficial for employees working in Account departments, project managers working for suppliers and sub-contractors to the construction industry.

Bad Debt 91

Bad Debt Credit Management 91

biz2credit

SEPTEMBER 18, 2024

The Federal Reserve announced it will lower the effective funds rate by 50 basis points (0.50%). This officially ends an aggressive rate hike campaign that started in 2022 to quell inflation that at one point reached over 9%. Now that inflation is near the Fed’s 2% target, Fed Chair Jerome Powell announced the lowering of … Continue reading "Fed Lowers Interest Rates, Here’s What It Means For You and Your Business" The post Fed Lowers Interest Rates, Here’s What It Means For You and Your B

85

85

Know-It Global

SEPTEMBER 18, 2024

As a UK business owner, it’s crucial to ensure that your invoices are comprehensive, clear, and legally compliant. A well-prepared invoice not only facilitates prompt payment but also serves as a vital document in case of disputes. Here’s what you should include in your invoice, along with tips on how to write it to make it as complete as possible.

59

59

Accounting Department

SEPTEMBER 19, 2024

The month-end is coming up and that means it is time to close. A monthly close can be a laborious process that is dreaded by some accounting and finance departments, but it doesn't have to be that hard!

Small Businesses 86

Small Businesses 86

Due

SEPTEMBER 16, 2024

Perhaps there’s some truth to the stereotype of “bossy” eldest children or studious middle children. However, the youngest member of the family often surprises everyone. Despite conventional wisdom, research and real-world examples suggest a different reality. Lastborn children have unique experiences that make them successful entrepreneurs.

59

59

Reorg Blog

SEPTEMBER 20, 2024

An ad hoc group of AMC Entertainment Holdings first lien noteholders has sued the company and junior notes agent GLAS Trust for violating the company’s intercreditor agreement in its recent drop-down transaction.

Transactions 52

Transactions 52

NorthOne

SEPTEMBER 20, 2024

A purchase order (PO) is a formal document that a buyer issues to a seller. In it, the buyer outlines the specifics of the transaction, including what they want to. The post What is a Purchase Order? PO Meaning & Examples appeared first on North One Blog.

Transactions 52

Transactions Small Businesses 52

Credibly

SEPTEMBER 19, 2024

Table of Contents Pros and cons of owning a restaurant The top risks of opening a restaurant—and what you can do to turn them into opportunities Financial risks Operational risks Marketing and reputation risks Turn venture risks into opportunities.  If you’ve been in the food industry and you’re looking to expand your footprint, you know better than most the risks of opening a restaurant.

Cybersecurity 52

Cybersecurity Credit Scoring Small Businesses 52

Due

SEPTEMBER 20, 2024

The labyrinth in the financial world is teeming with intricate mechanisms and systems that can often seem counterintuitive to the uninitiated. One such area of confusion is the relationship between the Federal Reserve’s actions and mortgage rates. At first glance, it might seem logical that mortgage rates would follow suit when the Federal Reserve cuts interest rates.

Credit Scoring 52

Credit Scoring 52

blue dot counseling

SEPTEMBER 18, 2024

If you're a CEO and you want to upgrade your finance function to match the needs of your business, the thought process to follow is refreshingly simple and as old as the hills The post Technology is the servant not the master appeared first on Blue Dot Consulting.

52

52

NorthOne

SEPTEMBER 20, 2024

Managing finances is a critical but challenging task for any small business, and in Florida, this is especially true. The state’s diverse financial landscape and varying regional requirements can make. The post The 5 Best Banks for Small Business in Florida (2024) appeared first on North One Blog.

Small Businesses 52

Small Businesses 52

Grit

SEPTEMBER 18, 2024

Black Friday is more than just a date on the calendar; with consumers ready to spend and discover the best offers, Black Friday email campaigns can transform curiosity into clicks and clicks into conversions. Let’s dive into the essential steps and strategies for building a successful Black Friday email campaign on BigCommerce so you can make this holiday season your most profitable.

52

52

Due

SEPTEMBER 20, 2024

As a result of a Department of Labor investigation a Las Vegas construction company urged to pay $550,000 in back wages and liquidated damages. The company at the heart of the matter, Colvin Construction Inc., denied 614 employees proper wages and payment in a lengthy battle in Nevada’s legal system. The U.S. District Court for the District of Nevada was the stage for the judgment and the request that the employer pay the outstanding monies and damages to disgruntled employees.

52

52

biz2credit

SEPTEMBER 18, 2024

The Federal Reserve announced it is lowering interest rates for the first time in 4 years. Here's what you need to know. The post Fed Lowers Interest Rates, Here’s What It Means For You and Your Business published first on.

52

52

NorthOne

SEPTEMBER 20, 2024

Selecting the right bank is crucial for the success of small businesses. Your choice can impact your access to capital, cash flow management and day-to-day operations. A great bank doesn’t. The post The 6 Best Banks for Small Business in Pennsylvania (2024) appeared first on North One Blog.

Small Businesses 52

Small Businesses 52

TreviPay

SEPTEMBER 18, 2024

In today’s fast-paced and unpredictable business environment, managing cash flow and ensuring timely payments from customers are critical for long-term success. Trade credit insurance has become a vital tool for businesses looking to protect themselves from the risk of non-payment by customers. This type of insurance acts as a safety net, covering unpaid invoices when clients default or face financial difficulties.

Bad Debt 52

Bad Debt Default Credit and Collections Collector 52

Due

SEPTEMBER 20, 2024

Due to rising prices , inflation , and the likelihood of a recession , older Americans must tighten their belts. This is especially true for seniors living on limited incomes after retirement. Americans pay $429.33 per month for their utility bills , so this is an excellent place to save money. Of course, that’s easier said than done. According to CBS News’ price tracker , electricity costs have increased from $0.14 per kilowatt hour in 2019 to $0.18 per kilowatt hour by 2024, equivalent

Deductions 52

Deductions 52

CreditStrong for Business

SEPTEMBER 18, 2024

Small business owners often use cars as part of their day-to-day activities. Leasing a business vehicle can be an attractive strategy for many, especially those who like the idea of upgrading to a newer car every few years. However, leasing a car for business isn’t ideal for everyone. Here’s what you should know before you try it, including how it works and when it might be better to buy.

Credit Scoring 52

Credit Scoring Small Businesses Transactions 52

NorthOne

SEPTEMBER 20, 2024

Running a small business is no walk in the park. Between juggling limited resources, fierce competition, and the ever-present need for growth, small business owners have their work cut out. The post The 5 Best Banks for Small Business in Illinois (2024) appeared first on North One Blog.

Small Businesses 52

Small Businesses 52

Hilton Baird

SEPTEMBER 18, 2024

Why outsourced credit control could be a game-changer for UK businesses and best practices to consider when implementing this strategy. The post Why outsourced credit control is a game-changer for UK businesses: Benefits, insights, and best practices. appeared first on Hilton-Baird Collection Services.

Credit and Collections 52

Credit and Collections Small Businesses Credit Management 52

Due

SEPTEMBER 19, 2024

The Securities and Exchange Commission (SEC) has instructed Macquarie Investment Management Business Trust (MIMBT) to pay nearly $80 million for fraudulent behavior. The SEC has found MIMBT guilty of antifraud and compliance provisions of the Investment Advisers Act of 1940 and parts of the Investment Company Act of 1940. “It is alarming that a fiduciary took advantage of retail mutual funds it advised and executed unlawful cross trades to mitigate its overvaluation of fund assets,” said Eric I.

52

52