Sat.Jan 04, 2025 - Fri.Jan 10, 2025

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Top 10 Collection Reminders Writing Tips

Gaviti

Managing accounts receivable can be challenging, but having a structured approach to writing collection reminders can make a significant difference. Many businesses that have embraced automated tools such as payment reminder software are able to simplify this process with dunning emails and late payment reminder templates that ensure consistency, save time, and improve efficiency.

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Top 10 Strategies for Reducing Days Sales Outstanding (DSO)

Your Virtual Credit Manager

How was your accounts receivable (AR) performance last year? This is a very important question because AR is typically one of the top two or three largest assets for a B2B vendor. The primary way most companies measure AR performance involves looking at the Days Sales Outstanding (DSO) metric. Accelerating sales can increase DSO, but most often the cause is problems in the order-to-cash (O2C) pipeline affecting collections.

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Member Alert: RMAI Recommends Suspension of Communications to Consumers Affected by the City of Los Angeles Wildfires

RMAi Blog

RMAI extends its thoughtsof supportto allof those affected by the wildfires in Los Angeles. RMAI recommends all members temporarily suspend collection calls and communications to consumers in Los Angeles County. Information on the impact of the Los Angeles wildfires can be found on the City of Los Angeles Emergency Management Department. To find out more about all disaster declarations, visit the FEMA website.

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Here’s what you need to know about business loans with no credit checks (and if they’re possible)

Credibly

Table of Contents Can you get a business loan with no credit check? The pros and cons of a small business loan with no credit check Business loan options with low credit score requirements Borrowing with Credibly and our low credit score requirements Explore your flexible financing options Looking for business loans with no credit check? Most lenders will perform credit checks to assess creditworthiness, however, how your credit is weighted on the application will vary based on the type of le

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How to Write Effective Past Due Invoice Emails: Templates and Best Practices

Gaviti

A proactive B2B payment reminder sent before the due date is the most effective method for ensuring timely payment of invoices. Even so, businesses sometimes arent able to pay on time for a variety of reasons. Sending a payment reminder for business helps ensure that clients are aware that a due date has passed and that the invoice is outstanding. In certain cases, youll also need to follow up with a past due invoice email.

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Macro Outlook: Sticking to the Soft Landing

Loomis Sayles Credit Research

To kick off 2025, Loomis Sayles will feature forward-looking views on key segments of the fixed income market. Seasoned experts with knowledge and experience in each sector will answer three questions that drill into major themes for the year ahead. Keep an eye out for each installment as the series rolls out over the next few weeks. To set the stage, were starting with Craig Burelle, Global Macro Strategist, Credit, and his views on the macro backdrop. 1.

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Credit Control, LLC: America’s Best Workplaces Winner

RMAi Blog

5x Winner Best Places to Work in Collections and Now Named One of Americas Best Workplaces by Best Companies Group St. Louis, MO January 6th Already named a Best Place to Work in Collections for five consecutive years, Credit Control, LLC is proud to be recognized as one of Americas Best Workplaces. Best Companies Group has named Credit Control, LLC a recipient of the inaugural Americas Best Workplaces in 2025 Award, which identifies and honors the best places of employment across the United St

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Accounts Receivable Automation Best Practices

Gaviti

Once your business has started to grow significantly, your A/R and finance team will probably ask themselves how they can transform your accounts receivable process in the most efficient manner. At some point during the business process, most owners ask the question: Whats the best way to transform our accounts receivable process? Choosing an accounts receivable automation solution is only the first step in transforming your accounts receivable.

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Chaser achieves SOC 2 Type II compliance: What this means for you

Chaser

In todays data-driven world, the importance of robust security and privacy measures cannot be overstated. Achieving SOC 2 Type II compliance is a significant milestone for Chaser and, most importantly, for Chaser users.

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Founder of Wolf Capital Crypto pleads guilty to $9M fraud

Due

The founder of the cryptocurrency entity Wolf Capital Crypto Trading LLC (Wolf Capital) has pleaded guilty to actions that led to the loss of $9 million to investors. Travis Ford acted as the co-founder, CEO, and Head Trader of Wolf Capital and drove investments mainly in the period between January 2023 and August 2023. The U.S. Postal Inspection Service (USPIS) led the investigation into Wolf Capital and Ford.

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Discover the top tips for scaling your freelance business

Credibly

Table of Contents How to start a business as a freelancer Business models to consider Top 6 tips: How to create a scalable business model as a freelancer How to get financing as a business freelancer Take the next step to create a scalable, profitable future As a freelancer, you find ways to do more with lessmore clients, more revenue, and more impact, all without massively increasing your costs or workload.

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High Yield Credit Outlook: Defaults in Check, Carry in Play

Loomis Sayles Credit Research

1. Whats your overall view of the high yield market as we enter the year? High yield bond investors have enjoyed a good run over the past couple of years, thanks to attractive all-in yields, tightening spreads and broadly stable credit fundamentals. Looking ahead, the fundamental picture continues to look solid, supported by a positive earnings backdrop and a resilient US economy.

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Maximizing Profit Opportunities with Strategic Financial Forecasting

Accounting Department

In the current competitive environment, small and medium-sized businesses (SMBs) must leverage every possible advantage to succeed and expand. Forecasting is a powerful tool that can greatly influence a company's financial success.

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The comical aspect of Sports betting

Cpcmcredit Blog

Let’s start with the image above. The answer is, no you won’t. I follow horse racing very closely and wager small amounts. Fortunately i’m ahead of the game but it takes a huge reservoir of knowledge and application of form study to reach that point. And even then the margins are incremental. Horse racing is a sport where “an edge”can be found because there are so many fascinating (to me) factors that have to be weighed up.

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609 Letter Template: A Comprehensive Guide to Credit Dispute Letters

Emagia

In the realm of credit repair, the “609 Letter” is often touted as a powerful tool for disputing inaccuracies on credit reports. Rooted in Section 609 of the Fair Credit Reporting Act (FCRA), this letter empowers consumers to request detailed information about items listed on their credit reports and challenge any unverifiable or erroneous entries.

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Booz Allen to pay $15M in Department of Defense false claims case

Due

Booz Allen Hamilton Holding Corporation (Booz Allen) is being instructed to pay the United States government $15,875,000 to resolve allegations that the company and a subsidiary knowingly submitted false claims to the Department of Defense. The Justice Department has confirmed these claims, including a General Services Administration (GSA) order for computer military training simulators and systems for Department of Defense (DoD) agencies.

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Les héros méconnus de la trésorerie : Comment les credit managers façonnent le succès dans le secteur du transport

Credit Tools

Le credit management, pilier discret mais essentiel du transport, assure la fluidit des flux financiers face aux dfis rglementaires et oprationnels, garantissant rentabilit et stabilit.

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Factoring in 2025: The Financial Sidekick Your Business Needs

JNI Commercial Lending

Discover how factoring can transform your small business finances in 2025 through faster funding, enhanced cash flow, and credit-free solutions. Navigating the convoluted world of business financing can often feel like a maze with no clear exit. With credit scores as gatekeepers and rigid lending criteria as roadblocks, small businesses, startups, and finance managers frequently […] The post Factoring in 2025: The Financial Sidekick Your Business Needs appeared first on JNI Commercial Lend

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Top A/R & Invoice Management Tips for B2B Companies

Enterprise Recovery

As accounts receivable (A/R) become delinquent, your business expenses could fall behind. With every late-paying client, cash flow for payroll, rent, or other vendors falls short, threatening your company's bottom line and growth. The effectiveness of your A/R department may be one of the most important measurements to determine the success of your business.

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3 tech must-haves for 2025, according to Canadian businesses

Plooto

According to our recent survey, over 500 Canadian business owners, accountants, and financial professionals are optimistic about the economy in 2025, with 81% expecting stability or improvement. Reflecting this optimism, businesses are not scaling back; instead, theyre prioritizing technology investments to drive growth and efficiency. In fact, 60% of Canadian businesses plan to increase their use of fintech to replace manual tasks and fuel strategic initiatives.

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Member Alert: RMAI SEEKS COMMENTS ON PROPOSED CHANGES TO CERTIFICATION PROGRAM

RMAi Blog

The Certification Council is proposing edits to the Receivables Management Certification Program (RMCP). The Council is required to perform a review of certification program standards at least annually to ensure the program reflects evolving industry best practices, input from key stakeholders and communities of interest, areas of Council concern, and recent regulatory and statutory changes.

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Florida woman sentenced for million dollar romance scams 

Due

A Florida woman has been sentenced for laundering millions of dollars made from romance scams. Cristine Petitfrere, a resident of Miramar, Florida, was sentenced to 30 months in prison after a lengthy FBI Miami Field Office investigation. Trial Attorneys Matthew A. Robinson and Lauren M. Elfner of the Civil Divisions Consumer Protection Branch prosecuted the case.

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California Wildfire Recovery Resources for Businesses and Individuals

TMC Financing

The U.S. Small Business Administration (SBA) offers low-interest disaster loans to help California businesses, nonprofits, homeowners, and renters recover from the devastating effects of wildfires. These loans provide vital support to repair damages, replace assets, and stabilize operations.

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Disadvantages of Paying Off a Car Loan Early

CreditStrong for Business

Auto debt is at record levels in the United States with Americans owing more than $1.5 trillion on their car loans. A car is a necessity for most people and few people can afford to make a lump sum payment to buy one, so it makes sense that most people turn to auto loans. If you have an auto loan and youre thinking about paying it off early, its important to know both the benefits and disadvantages of paying off a car loan early.

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Employee Spotlight: Advocacy and Community Engagement with Jay

RMAi Blog

In an effort to advance RMAIs advocacy efforts, Jay Singh was brought into the newly created position of Legislative & Public Relations Specialist. Jay Singh, Legislative & Public Relations Specialist. Jay works directly with David Reid, General Counsel & Senior Director of Government Affairs, on things like medical debt, monitoring legislations, and offering ideas on how to advocate to change legislators positions on bills on a widescale level in all 50 states.

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Oil Prices are rising. Why?

Due

Last Friday, the US Treasury Department announced sanctions against Russia’s oil industry. An oil sanction is very similar to an embargo, or refusing to purchase a product from a certain seller for various reasons. Treasury Secretary Janet Yellen said “The United States is taking sweeping action against Russia’ key source of revenue for funding its brutal and illegal war against Ukraine.” Yellen believes this will greatly harm the Russian economy, as oil is one of their m

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An insolvency “scam” hits the buffers

Cpcmcredit Blog

I’ve been a little negligent in not picking up this stor y before. Essentially Atherton Corporate offered a scheme whereby directors of failing companies could be replaced by one of their directors thus releasing the present director from any connection their company’s debts Clearly this was a loophole within the system and naturally enough HMRC moved quickly to clamp down.

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How to Get an EIN

CreditStrong for Business

You can apply for an employer identification number (EIN) for your small business directly with the IRS. An EIN is a nine-digit number that identifies your business for tax and credit purposes, along with other reasons. It’s similar to a Social Security number for individuals but is instead for businesses. While getting an EIN is optional for some small business owners, it’s important to have one if you want to build your business credit history.

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Discover TreviPay’s 2025 B2B Payment Predictions

TreviPay

The future of B2B payments is here. As global eCommerce surges toward $3 trillion by 2027, businesses must adapt to stay competitive. TreviPays “6 B2B Payment Predictions for 2025” offers a strategic look at the trends, challenges and opportunities reshaping the B2B payments landscape. From localized payment solutions and AI-powered automation to the evolution of buyer expectations, this report delivers actionable insights to help your business thrive in a rapidly changing market.

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Wa’ed Ventures leads $30m funding for Zension Technologies

Due

Wa’ed Ventures, the venture capital arm of Saudi Aramco, has led a $30 million Series A funding round for Zension Technologies, a consumer electronics startup based in Riyadh. Japanese conglomerate Sumitomo and Dubai-based Global Ventures also participated in the investment round. Zension Technologies provides a technology subscription service that allows customers to access the latest tech devices for a monthly fee rather than purchase them outright.

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Asset finance predictions for the new year

Cpcmcredit Blog

Each year I make forecasts about what can be expected within the asset finance sector during the coming twelve months. Im not always sure that may predictions are accurate but thats the nature of predictions of course Here’s a few thoughts for 2025 Interest rates will come down steadily and that should inspire more borrowing. My experience is that the actual bottom line cost of borrowing has been a negative factor for a little while now, not because its abnormally high by historic measures

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How Does SBC Affect a DCF?

Emagia

Understanding the impact of Stock-Based Compensation (SBC) on Discounted Cash Flow (DCF) valuations is crucial for accurate financial analysis. SBC, while a non-cash expense, influences both the company’s financial statements and the valuation outcomes derived from DCF models. Introduction to Stock-Based Compensation (SBC) Stock-Based Compensation refers to the practice of granting employees equity-based remuneration, such as stock options or restricted stock units (RSUs), as part of their

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Member Alert: CFPB Finalizes Rule to Remove Medical Bills from Credit Reports

RMAi Blog

The CFPB has released its Final Rule on removing medical debt from credit reports. RMAI is still reviewing the 345-page rule but has prepared the below summary. The CFPB finalized its definition of medical debt information in 1022.3(j) [located on page 340], as medical information that pertains to a debt owed by a consumer to a person whose primary business is providing medical services, products, or devices, or to such persons agent or assignee, for the provision of such medical services, prod

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IRS announces 2025 Tax Season Start

Due

No one enjoys paying taxes, but it’s something we all have to do. The IRS recently announced that January 27th will be the first day of the 2025 tax season where the organization will accept and process tax returns for individuals. Taxpayers can pay at the latest by April 15 in order to avoid penalties and interest. However, the IRS does accommodate for more time for individuals affected by disasters such as the fires in Southern California, as well as the attack on New Orleans.

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Asphalt service president pleads guilty to million-dollar bid rigging

Due

The former president of a Michigan asphalt paving specialist has pleaded guilty to knowingly rigging bids for state contacts. Timothy Baugher, former president of Pontiac-based Asphalt Specialists LLC (ASI), has confirmed that he played a significant role in this conspiracy. Seven senior individuals have pleaded guilty. The Antitrust Divisions Chicago Office and the Offices of Inspectors General for the U.S.

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LA Wildfires Set to Surpass Hurricane Katrina as Most Expensive US Natural Disaster

Due

The ongoing Los Angeles wildfires are poised to become the most expensive natural disaster in United States history, with far-reaching implications for insurance costs nationwide. Current estimates place potential losses at $57 billion as fires threaten some of the country’s most valuable residential properties. Understanding the Scale of Destruction To put the magnitude of these fires in perspective, the recent Lahaina, Hawaii fire caused $13 billion in damages.

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The 10 Best Budgeting Apps for 2025: Stay in Control of Your Finances

Due

With a wide range of budgeting apps available, managing personal finances has never been easier. In 2025, though, these apps will be smarter, more intuitive, and equipped with features customized to meet the financial needs of a wide range of consumers. Whatever your needs, there’s an app for you, whether you’re searching for a way to track daily expenses, save more successfully, or plan your long-term goals.