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Imagine commanding an elite force of credit managers who dont just react to challenges they predict them before they arise. This force identifies risks, alerts you to solutions, and executes strategic maneuvers to fortify your financial stronghold. Operating with precision, they seamlessly manage credit operations, ensuring risk assessment, approvals, and customer relationships are handled with a keen eye all while fueling company growth.
In too many organizations, credit and collection decisions are compromised by the fog of war. Gathering all the details needed to inform a decision becomes a time-eating burden. For example: to make an effective collection call, you need to know who to contact, the AR status and AR details of the account, if there are any disputes, and what prior efforts have been made to collect the balance due.
April 1, 2025 (Sacramento, CA) The RMAI Certification Council announces the adoption of version 13.0 of the Receivables Management Certification Program (RMCP) after a lengthy development and review process. As of today, all new and renewing applications will be held to the newly revised standards. Several significant enhancements were added to the program in version 13.0, including: Aligning the Data Security Standard with the FTC Safeguards Adopting provisions on how to handle coerced Adoptin
This article covers these key topics: The importance of well-crafted credit memos Effective credit memos are clear Concise credit memos speed decisions Focus on providing relevant repayment and credit risk info Best practices for writing a credit memo Done right, a credit memo supports sound credit decisions and tells a clear, fact-based story that stands up to scrutiny months or years later.
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
The healthcare industry is undergoing an AI-driven transformation, and revenue cycle management (RCM) leads the charge in many ways. As teams strive to reduce denials, increase cash flow, and streamline processes, implementing AI in healthcare RCM is essential. In fact, organizations are already leveraging AI to: Eliminate 80% of manual work Increase point-of-service payments 30% , and Rebill $5.9 million in missing charges.
Retirement marks the beginning of a new chapter in life, where passions can be explored, skills developed, and activities that bring joy and fulfillment can be indulged in. Whether you want to express creativity, be physically active, be intellectually stimulated, or engage in social activity, theres a hobby thats perfect for you. Here, weve compiled a list of 50 hobbies that are perfect for retirees.
Retirement marks the beginning of a new chapter in life, where passions can be explored, skills developed, and activities that bring joy and fulfillment can be indulged in. Whether you want to express creativity, be physically active, be intellectually stimulated, or engage in social activity, theres a hobby thats perfect for you. Here, weve compiled a list of 50 hobbies that are perfect for retirees.
Spring has arrived! This month there have been key financial updates from the UK government after the release of the Spring Statement. Find out what’s been happening and what it means for your business below. UK Government Releases Spring Statement Wednesday 26 th March, saw the release of the UK governments Spring Statement. This announcement gave Chancellor of the Exchequer Rachel Reeves an opportunity to update the nation on progress made since the last budget in October 2024.
Accounts receivable (AR) automation offers a more efficient and cost-effective way to manage cash flow, reduce errors, and accelerate the collection process. Yet, many businesses still hesitate to adopt AR automation. Despite its clear benefits, some common misconceptions and concerns prevent organizations from making the switch. This article explores the most common excuses for not automating accounts receivable and provides a closer look at the reality of each.
The end of the student loan payment pause, coupled with the return of delinquent loan reporting, has left many borrowers scrambling to manage the consequences. According to the Federal Reserve Bank of New York , more than 9 million Americans could soon see significant drops in their FICO scores, some by over 150 points, due to the reappearance of delinquent student loans on credit reports.
Recently a major FDA official Peter Marks announced his resignation, heavily impacting biotech stocks such as Moderna. Wall Street is currently stressing about the future of biopharmaceutical companies and the industry as a whole. Moderna Stock Falls Marks played a significant role in the FDA for biopharma companies, as the director of the Center for Biologics Evaluation and Research (CBER), which is within the FDA.
Will worked his way up at Team Financial Group in classic fashion, interning with us while earning his degree in finance at Michigan State University. After graduation, he would become a full-time member of Team Financial Group in January 2021 and has been an important part of our operations ever since. We recently took some time to talk with Will about how dedication, devotion, and personal development have shaped his work both with clients and his community.
Effective cash flow management is critical to the success of any business. For small business owners, construction companies, equipment managers, and entrepreneurs alike, maintaining healthy cash flow can be a daily challenge. Late payments from clients, extended credit terms, or simply waiting on massive unpaid invoices can create financial bottlenecks that strain your operations.
As a business owner, you're undoubtedly aware of the myriad responsibilities that come with the territory. From strategic decision-making to managing day-to-day operations, your plate is full.
A new investment method that delivers impressive returns while reducing taxable income has garnered attention among high-net-worth families. This analysis explains how the strategy works, highlighting its consistent gains and tax benefits. The strategy focuses on generating strong performance even in years when traditional benchmarks have suffered. In addition, it offers a unique tax advantage that can help lessen tax burdens for high-income earners.
Aryza Announces Strategic Acquisition of RiskLogix Solutions , Expanding Capabilities and Geographic Reach Aryza, a global provider of mission-critical automation software across the credit lifecycle, is pleased to announce the acquisition of RiskLogix Solutions, a prominent provider of governance, risk, and compliance (GRC) solutions. This strategic acquisition reinforces Aryzas commitment to delivering best-in-class Credit & Debt Lifecycle Management SaaS solutions and positions both comp
The concepts of allowance for doubtful accounts and bad debt expenses play a pivotal role in portraying an accurate picture of a company's financial health.
For small to medium-sized businesses (SMBs), financial management can feel like juggling multiple prioritiesoverseeing cash flow, managing expenses, budgeting for growth, and navigating financial risks, all at the same time.
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The ongoing fragility of the French economy continues to be reflected in a rising number of business failures, particularly in the most vulnerable sectors.
Reading Time: 4 minutes In 2025, embedded finance will unlock new opportunities and transform the financial sector to increase accessibility to financial products and streamline the consumer experience. But a misstep by financial institutionslike a failure to provide adequate security or comply with federal regulationscan lead to significant consequences.
Strategies for your next technology implementation Implementing new software can turn into a frustrating, expensive experience without proper planning. Key topics covered in this post: The right partner matters Communicate & set expectations Strategies for rolling out the software Avoiding frustrating software implementation Banks and credit unions are ramping up their technology spending, but as many financial institution executives know, spending more doesnt guarantee business outcomes.
When a person is able to take full advantage of his or her abilities and, at the same time, is mindful of his or her limitations, they are said to have achieved self-actualization. It is the final developmental stage of Abraham Maslow’s hierarchy of needs. Achieving self-actualization requires a foundation that meets a person’s physiological and safety needs, sense of community and belonging, and need for esteem.
During a significant market downturn marked by the S&P dropping 4% and Apple falling 9%, investment advisors at LifeGold maintained their defensive portfolio positioning while making strategic adjustments. This approach demonstrates how professional financial advisors respond to market volatility. Defensive Portfolio Positioning Before the market decline, LifeGold had already established defensive positions in client portfolios.
Key Takeaways: Same-day business funding offers quick access to capital for emergencies, growth opportunities, and operational expenses, with options like invoice factoring, short-term loans, and flexible lines of credit tailored to different business needs. While eligibility requirements for same-day funding vary, factors such as time in business, annual revenue, credit score, and collateral requirements play […] The post Same-Day Business Funding: 3 Best Options & Tips for Success ap
Payment fraud: What is it and why the payment system used matters Payments are evolving, and so are fraud tactics. As digital transactions become faster and more convenient, fraudsters are finding new ways to exploit vulnerabilities across payment channels. Financial institutions must stay ahead by implementing proactive fraud detection strategies to protect their customers and mitigate losses.
In this episode, we discuss how not spending enough time on collection activities is a major drag on collection performance. There are a multitude of issues that cause collections to get superseded by other activities or to be handled ineffectively so that time is wasted. Besides looking at the way time management is a collection performance factor, we also talk about how you can get ahead of the curve.
In my recent interview, Satya Nitta, co-founder and CEO of Emergence AI, described a future where artificial intelligence doesnt just assistit creates. The New York-based startup, backed by $100 million in funding, has developed an AI platform to autonomously build and manage multi-agent systems in real-time. This breakthrough could transform how businesses use AI, edging closer to artificial general intelligence (AGI).
I couldn’t bear posting another photo of Trump here and also feel disinclined to go through the whole tariff debate, which has been deafening over the past couple of days.
CreditSafe’s research study on the " Cost of Late Payments " highlights the significant financial challenges businesses face due to delayed customer payments. It delves into the critical issue of overdue invoices and their cascading effects on businesses' financial health. Delayed payments have far-reaching consequences, including disrupted cash flow, strained financial obligations, and increased risks of bad debt.
Decisions to extend trade credit are based on an assessment of a company’s financial stability, competitiveness, and desire and ability to pay to the seller’s terms. Many of these decisions are made based on factors other than what is revealed in a potential customer’s financial statements. However, based on a seller’s credit policy, a thorough review of financial statements is a required gate an applicant has to pass through before any credit line is approved.
From a Press Release Dated April 2, 2025, Annapolis, Maryland The Accredited Standards Committee X9 Inc. (X9) has announced the creation of the “Check Fraud Industry Forum”, an open platform aimed at addressing and reducing check fraud in the financial services industry. This initiative seeks to foster collaboration among industry stakeholders, including both X9 members and non-members, to discuss fraud prevention techniques, deterrents, and updates to X9’s Technical Report #8
By Robert DiNozzi Corporate Credit Managers face uncertain times. In a post-pandemic world, forbearance and amended credit agreements may no longer represent the most rational path for preserving the value of security interests. With a growing level of defaults anticipated as we move through 2025, creditors must understand every option for maximizing recovery value, mitigating loss, and preserving lending relationships.
Job openings have not been doing great for the past few years, acting as one factor in a low economy. Many Americans are struggling to find high quality work, and sometimes, any work at all. In March 2025 job openings continued to decline despite a stagnant level of hiring. This dip in the amount of jobs, however, has some Americans worried. Job Openings Hit a Low Data from the Bureau of Labor Statistics indicated that the number of job openings decreased from January to February by about 200,00
Not many people get to go on a sabbatical during their careers, but if your company has a policy allowing this kind of structured break, you should take it. A career sabbatical offers professionals a set period of time to pursue personal goals , recharge, or even develop new skills. But if you havent done some financial planning beforehand, going on that big break may produce more stress than anything else.
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