RMAi Blog
MARCH 2, 2023
Launches Certification Version 11.0 March 2, 2023 (Sacramento, CA) – The RMAI Certification Council announces the adoption of version 11.0 of the Receivables Management Certification Program (RMCP) after a lengthy development and review process. Several significant enhancements were added to the program in version 11.0, including: Expanding the program to include commercial debt.
Your Virtual Credit Manager
FEBRUARY 28, 2023
Photo by Jordan Ladikos on Unsplash A Prompt Pay Discount , also referred to as an early pay discount, provides your customers with the choice of paying invoices at a discount by the discount date or paying the full amount by the due date. Discounts typically range from half a percent to 2 percent. Discount dates are usually set for 10 to 15 days after the invoice date, though sometimes longer when the due date is beyond 30 days.
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Due
FEBRUARY 27, 2023
The digital advertising space has changed a great deal in the past few years, driven by changing technology, digital privacy regulations, safeguards that affect ad strategy , and sharp shifts in consumer and business behavior. Add to all this a significant pullback in digital advertising spend, and it’s clear why marketers face a truly disorienting landscape.
FICO Blog
FEBRUARY 27, 2023
Home Blog FICO Meet The 2023 FICO Decisions Awards Winners! 15 companies recognized for successful innovation in AI, machine learning and decision management Saxon Shirley Mon, 02/27/2023 - 08:09 by Nikhil Behl expand_less Back To Top Mon, 02/27/2023 - 08:00 2023 FICO Decisions Award Winners - Decisions That Matter It's with great enthusiasm that I reveal the victors of the 2023 FICO® Decisions Awards !
RMAi Blog
MARCH 2, 2023
*Sponsored Post by TransUnion* Get a first look at the trends, challenges and opportunities reshaping the third-party collections industry. We invite you to download the annual survey — Charting the Course and Steering Toward Success — conducted by TransUnion and the Aite-Novarica Group. Some standout takeaways include: One-third of Americans have at least one collection tradeline Consumer sentiment took a deep dive, hitting a historic low of 50 Nearly 35% of companies collected tenant-related d
Plooto
FEBRUARY 27, 2023
For businesses of all sizes, managing an organization’s cash flow is an essential ingredient for success. For a business to successfully manage its cash flow , it must first understand its current cash flow standing and consequently project how cash flow will look in the future.
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
tillful
FEBRUARY 28, 2023
Have you heard about the FICO Small Business Scoring Service (SBSS)? Like most business credit scores, the SBSS helps lenders and service providers understand the level of credit risk that businesses present. However, unlike most, FICO pulls financial data from the other major credit bureaus—collecting both personal and business credit history data under their business credit score.
RMAi Blog
MARCH 1, 2023
March 1, 2023: Receivables Management Association International (RMAI) is pleased to launch another new educational resource for the accounts receivables management industry, An Overview of Bankruptcy for the Accounts Receivables Management Industry. Within the ever-changing world of recovery management, bankruptcy cases and account management require a specialized understanding of the complexities involved with minimizing risk while maximizing cash recovery.
lsq
MARCH 1, 2023
ORLANDO, Fla. (March 7, 2023) – LSQ , a leading provider of working capital and payments management solutions, recently originated an $8 million credit facility for a Texas-based paint and paint products manufacturer and distributor. The company, which also has retail operations, will use the additional working capital to manage seasonality within their industry and build inventory for upcoming peak demand.
Due
MARCH 1, 2023
The notion of working in retirement may seem paradoxical, but it is not. Although you may have moved beyond your primary career, you should still devote a part of your week to some type of money-making activity. It is possible to round out your schedule and add satisfaction to your retirement through part-time, freelance , or consulting work. Furthermore, there are financial benefits as well.
incfile
MARCH 1, 2023
Just about every entrepreneur has heard the saying, "You need to spend money to make money." Granted, that doesn't mean you need to spend more than you can afford, but it does mean you might need to invest in your business to ensure its success.
RMAi Blog
FEBRUARY 28, 2023
On February 27, 2023, Wyoming Governor Mark Gordon signed into law House Bill 284 by Representative Tom Walters that requires debt buyers be licensed as collection agencies in Wyoming as of July 1, 2023. The term “debt buyer” is defined as “any person that is regularly engaged in the business of purchasing charged-off consumer debt for collection purposes, whether the person collects the debt, hires a third party for collection of the debt or hires an attorney for collection litigation.
lsq
FEBRUARY 27, 2023
ORLANDO, Fla. (February 27, 2023) – LSQ, a leading provider of working capital and payments management solutions, recently originated a $1.5 million credit facility for a Connecticut-based pet-food wholesaler. The company will use the additional working capital to support growth and manage sales and inventory seasonality. As part of the partnership, LSQ will also provide the company with comprehensive accounts receivable and customer credit management.
Due
FEBRUARY 28, 2023
A healthy lifestyle goes beyond just taking care of your mental, emotional, and physical well-being. It is also important to practice financial self-care — especially if you want to save or pay off debt. Additionally, it can help avoid unwelcome surprises, such as missed due dates or unexpected expenses. Developing a daily financial self-care routine, however, will help you instill long-term, positive money habits.
Grit
MARCH 2, 2023
RaceFX: Accelerating B2B Sales with BackOrder With BackOrder functionality, customers [.] can place their orders regardless of current stock levels, with the added assurance that their products have been reserved. Lee Nickson - RaceFX eCommerce Coordinator Try BackOrder Now Problems Product unavailability affected B2B sales and trust Wasted time and resources spent on restocking management Limited scalability in traditional methods Solutions BackOrder allows customers to purchase beyond out-of-s
RMAi Blog
FEBRUARY 28, 2023
ATLANTA , Feb. 17, 2023 /PRNewswire/ — FLOCK Specialty Finance announces a strategic investment in technology and human capital related to data-driven insights and innovation. “Our investment in an analytical platform is foundational to our commitment to provide best-in-class support to our customers and our investors. The FLOCK analytics platform enables operational efficiencies, improved insights, and opportunities for data-driven innovation.
Waystar
MARCH 3, 2023
The Waystar Advisory Board recently held its first meeting of 2023. This network of experienced healthcare executives comes together regularly to connect, collaborate, advocate, and advise on market and industry challenges. Our first meeting of 2023 was a vibrant virtual event. The group focused on Waystar innovations, how smart technology solves market challenges, and how to make a lasting impact in the industry.
Credit Absolute
MARCH 1, 2023
The Fair Credit Reporting Act (FCRA) was passed to assure the privacy, accuracy, and best use of each American’s credit information. Specifically, Credit Reporting Agencies (CRA), collectors, and lenders are cautioned against misusing or misreporting consumer information. If any of your rights are violated, per the act, you have legal recourse to report the party […] The post How to Report FCRA Violations on Your Credit Report appeared first on Credit Absolute.
Abrigo
MARCH 3, 2023
Ten red flags to help you identify check fraud A financial institution's guide to identifying mail-related check fraud. You might also like this webinar, "Proactive measures to protect against check fraud and fraud loss." REGISTER now Takeaway 1 Check fraud is one of the more common methods of stealing funds from consumers and businesses. Losses from check fraud total $18 billion annually, representing more than a million checks daily.
RMAi Blog
FEBRUARY 27, 2023
STERLING, IL – VeriFacts , a leading location and employment verification service provider for the receivables industry, is firmly rooted within our community and takes great responsibility and commitment to giving back. VeriFacts is proud to have a team that works hard and also plays hard. For the fourth year in a row, the VeriFacts team will participate in the YMCA Spinathon helping support thousands of children in the area get involved in afterschool programs, sports, and even summer ca
Accounting Department
MARCH 3, 2023
AccountingDepartment.com is 19 years old today. Wow. When I started here in November of 2013, we were rapidly approaching our 10 th anniversary and faced with the first big “but how do we celebrate this milestone” question. Of course, as the years have passed these questions have come at various intervals celebrating both time and event-based achievements—but the excitement and celebration grows with each one.
Credit Management Group UK
FEBRUARY 27, 2023
Considering invoice finance for any business should take a substantial amount of evaluation as to the best solution for your business, or if invoice finance is even right for your business. It is not a decision to take lightly as this will ultimately affect the cash flow of your business, so you need to be sure that whatever you decide will positively impact cash flow rather than negatively.
Abrigo
MARCH 2, 2023
Banking technology decisions now affect future growth With the possibility of a recession, community financial institutions may consider a delay or cut in technology spending. Experts say that would be a mistake. You might also like this whitepaper, "Best practices for purchasing bank or credit union software" DOWNLOAD Takeaway 1 As Southwest Airlines learned, technology shortcomings create enormous costs in the short-term and in the future.
Lockstep
FEBRUARY 28, 2023
If you’re an accountant, then you know that QuickBooks Online a popular accounting and financial software. But what you might not know is that QuickBooks Online works even better when you use it with Lockstep Inbox. Here’s why: Lockstep Inbox is the only shared inbox designed for accounting. Seamlessly connected into QuickBooks Online and Outlook, Inbox creates efficiencies and improves accounting activity workflows.
Accounting Department
FEBRUARY 28, 2023
Rare Disease Day is the globally-coordinated movement on rare diseases, working towards equity in social opportunity, healthcare, and access to diagnosis and therapies for people living with rare diseases.
Due
MARCH 3, 2023
Like it or not, financial pitfalls are a part of life. Financial mistakes can happen even with the best of intentions. However, it is not all about making mistakes. It’s also about the opportunities you don’t take advantage of. Even so, it’s never too late to learn from these mistakes, and it’s never too soon to avoid them. With that said, in this article, we’ll look at 25 ways you’re killing your savings and how to avoid them.
Abrigo
FEBRUARY 28, 2023
Preventing SMS phishing, or "smishing: A financial institution's guide to smishing scams, why they work, and how to avoid them. You might also like this webinar, "Proactive measures to protect against check fraud and fraud loss." REGISTER now Takeaway 1 Phishing is not a new fraud trend, but the rise of smartphones means text messaging fraud is becoming more common.
Cpcmcredit Blog
MARCH 1, 2023
This is the story which is going to run for many years to come and whilst the detail might be a bit dry for some, there are interesting unanswered questions, the most significant of which is what incentivised the Credit Suisse employees to take such extraordinary risks? Throughout the whole saga, catalogued brilliantly in the superb Pyramid of lies , certain parties have taken risks which are simply baffling.
Accounting Department
MARCH 2, 2023
Cloud-based technology has altered how modern-day businesses operate. From management to finance, everything has a place when it comes to recent software technology offerings. This goes for accounting as well. With the current technology and service offerings on the market, accounting is becoming simpler and much more effective for business owners.
NorthOne
MARCH 3, 2023
In order to reach your target audience, you need to be fluent in generating content tailored to a variety of different digital mediums and social media platforms—and you have a significant amount of competition to outperform. While restaurant marketing of the past focused on print material, today’s best restaurant marketing strategies must account for the powerful draw of social media content, expanded reach through delivery services like Uber Eats and DoorDash, and consumers who are inundated w
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