RMAi Blog

OCTOBER 4, 2024

On October 1 st , 2024, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra announced actions to reduce the burden of medical debt and address medical debt collection practices in a coordinated event with the White House. The video of the White House event can be found here. Director Chopra’s prepared remarks can be found here. Prior to the event, the CFPB issued guidance to remind debt collectors of their obligation to comply with the Fair Debt Collection Practices Act and Regulat

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Your Virtual Credit Manager

OCTOBER 2, 2024

Accounts Receivable (AR) reflect a promise of payment at a future date. Though a paper asset, AR competes with Property, Plant and Equipment as well as Inventory for being the largest line item on a company’s balance sheet. As such, AR is an extremely valuable component of every firm’s working capital and a major source of collateral. (Photo by Roman Kraft on Unsplash ) Moreover, are you aware that you can convert an individual Account Receivable into cash, and receive payment just a

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Past Due Invoices Credit and Collections Deductions Accounts Receivable (AR) 130

TreviPay

OCTOBER 2, 2024

Connecting the Dots in B2B Payments: Inside TreviPay’s Crossroads Conference TreviPay’s Crossroads event is more than just a conference — it’s a premier gathering for professionals in the B2B payments space, where innovation meets opportunity. This year’s event in Kansas City promises to explore the future of B2B payment solutions while addressing the most pressing industry challenges.

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Due

OCTOBER 3, 2024

The Department of Justice (DOJ) has announced the largest-ever crackdown on pharmaceutical opioids and commonly abused prescription drugs to an estimated street value of 1.3 billion dollars. In a sweeping statement, the DOJ unsealed charges against five pharmaceutical distributor executives, sales representatives, and brokers. These charges have been carried out in several states, including the Southern District of Texas, the Southern District of Florida, the Eastern District of Missouri, and th

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Enterprise Recovery

OCTOBER 4, 2024

Effective debt recovery is a cornerstone of financial management. Without an efficient approach to collecting outstanding debts, businesses can suffer from cash flow issues, leading to operational challenges and potential financial instability. Skilled debt recovery ensures that the company can maintain its liquidity, meet its financial obligations, and reinvest in growth opportunities.

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Debt Collections 89

Abrigo

SEPTEMBER 30, 2024

Streamline fraud and AML efforts Financial institutions that combine fraud and AML/CFT alerts into a single transaction monitoring system can strengthen defenses and improve efficiency. You might also like this 6-step guide for compliance with new AML/CFT program rules. DOWNLOAD Takeaway 1 Shared AML case management helps streamline processes, reduce duplication, and improve communication between fraud and AML/CFT teams.

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Transactions 78

Accounting Department

OCTOBER 2, 2024

Unlock the secrets to Software as a Service (SaaS) success by mastering these essential KPIs, which serve as the foundation for understanding and optimizing your business performance. By focusing on these key performance indicators, you can gain valuable insights into customer behavior, financial health, and operational efficiency, ultimately driving growth and ensuring long-term sustainability in the competitive SaaS landscape.

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Know-It Global

OCTOBER 4, 2024

When dealing with unpaid invoices, it’s natural to consider legal action as a way to enforce payment, but this isn’t the only option! Legal Action to recover unpaid invoices Court Action Small Claims Court : For debts up to £10,000, you can use the Small Claims Court. It is a relatively low-cost option with a straightforward process. Upfront fees can range between £35 and £455.

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Debt Collections 59

Due

SEPTEMBER 28, 2024

A Mississippi grand jury has charged a man from Florida for his part in stealing clients’ funds and profiting from an illegal tax shelter. According to court documents and the Justice Department, Stephen T. Mellinger III was a trusted financial advisor with many clients throughout the United States. He is now the subject of an unsealed indictment accusing the tax specialist of creating an illegal tax shelter, siphoning off clients’ funds, and money laundering.

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Deductions 59

TreviPay

OCTOBER 2, 2024

OVERLAND PARK, Kan., October 2, 2024 — TreviPay , the most-trusted B2B payments and invoicing network, today announced a new strategic partnership with Allianz Trade the global leader in trade credit insurance. This collaboration will provide the option to integrate Allianz Trade’s credit insurance into TreviPay’s suite of trade credit and invoicing solutions, providing enhanced risk management enabling funding capabilities to businesses worldwide.

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Accounting Department

OCTOBER 3, 2024

To kick off this year's series of Entrepreneurs' Organization (EO) events, ADC Business Development Representative, Shawn Marcum, attended EO Alchemy in Denver, CO last week.

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Reorg Blog

OCTOBER 2, 2024

The post Prima Sole Components in Talks With Investment Funds for Sale-Leaseback Operations on Real Estate Assets; Debt Rescheduling Negotiations Continue appeared first on Reorg.

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TMC Financing

OCTOBER 4, 2024

The Small Business Administration (SBA) recently released a new SOP (Standard Operating Procedure 50 10 7.1), which includes changes that make the SBA 504 Refinance Program even more obtainable. The. The post Regulation Updates: SBA 504 Refinance Program appeared first on TMC Financing.

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CreditStrong for Business

OCTOBER 4, 2024

Revenue-based financing is an alternative to the conventional debt- and equity-based financing models. If your business has recurring revenues, you can use it to generate capital without taking on fixed debt payments or giving up shares of your company. Here’s what you should know about revenue-based financing to determine whether it makes sense for your business, including how it works, how much it costs, and how well it stacks up to the more traditional options.

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Due

OCTOBER 4, 2024

Over the past three decades, farmland has emerged as a surprisingly robust and consistent investment vehicle, outperforming traditional investment options such as the S&P 500, real estate, gold, and bonds. This article delves into the reasons behind this trend, the dynamics of supply and demand that have fueled it, and why farmland investments remain relatively unknown in the mainstream financial advisory sector.

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Emagia

OCTOBER 4, 2024

With the advent of ChatGPT and other AI technologies in 2023, businesses began to reimagine processes that were traditionally human-driven. Studies in the shared services space reveal a massive shift in the mindset of CFOs and shared services leaders—digitization is widely regarded as the path forward, according to Mark Harrison, founder and CEO of consulting firm Callisto Grand.

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Grit

OCTOBER 3, 2024

Automation leverages technology to streamline repetitive tasks, making operations more efficient and less prone to error. As the eCommerce sector grows increasingly competitive, automation becomes crucial in helping businesses save time, enhance accuracy, and improve overall efficiency. This guide delves into the key benefits of an automated eCommerce store , offering insights into how it can transform your business and boost its performance.

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CreditStrong for Business

OCTOBER 4, 2024

Securing financing for your company may be one of your most important concerns as a small business owner. There are actions you can take to improve your business’s odds of qualifying for financing. Establishing good business credit can be a wise place to start. With good business credit, you may be able to qualify for a small business loan, unsecured business line of credit, and more.

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Credit Scoring Credit Unions Credit Card Companies Small Businesses 52

Due

OCTOBER 4, 2024

A career change in your 50s can be both exciting and daunting. While many individuals seek new challenges or personal fulfillment at this time, it’s also critical to consider the financial impacts of such a move. Financial stability is often at the forefront of concerns, as making a career shift during this life stage could potentially affect retirement plans, healthcare costs , and lifestyle.

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Small Businesses 52

Emagia

OCTOBER 4, 2024

The use of automation and AI in business and finance has gone from a taboo topic in B2B credit years ago to the trend everyone wants to know more about, according to Jennifer Walsh, CEO of the National Association of Credit Management (NACM) Commercial Services affiliate.

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Reorg Blog

OCTOBER 4, 2024

Judge Jesse Furman of the U.S. District Court for the Southern District of New York granted Bristol-Myers Squibb’s motion to dismiss UMB Bank’s $6.4B breach of contract suit.

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CreditStrong for Business

OCTOBER 4, 2024

In the hustle and bustle of running a business, it’s easy to lose important information like your Employer Identification Number (EIN). Of course, you can find it any other time except for when you need it. Fortunately, if you’ve lost your EIN, there are a few other places you’ll be able to find it. We’ll go over each one in this article. What Is An EIN & When Does Your Business Need One?

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Due

OCTOBER 4, 2024

Retirement is a huge transition, and it often brings questions about meaning and purpose for those going through it. The structured routine of life at least partly disappears, leaving many retirees grasping for more fulfilling ways to spend their time. Volunteering in retirement has emerged as a powerful option, offering you a chance to make a difference while enriching your lives.

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TMC Financing

OCTOBER 3, 2024

At TMC Financing, our mission is to empower small businesses with the financial tools they need to grow and succeed. The SBA 504 Loan Program provides a strategic advantage for. The post Spotlight on Success: How SBA 504 Loans Empower Small Business Growth appeared first on TMC Financing.

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Waystar

OCTOBER 3, 2024

Today’s healthcare leaders encounter a variety of challenges when it comes to payments — from patient expectations and government policies to labor shortages and increasing claim volumes. Meeting these challenges head-on requires forward thinking, namely the use of artificial intelligence (AI) in RCM. A recent study, Examining AI adoption + ROI in healthcare payments , evaluated the role of artificial intelligence in improving RCM processes.

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Transactions 52

CreditStrong for Business

OCTOBER 4, 2024

Building your business requires capital, and, fortunately, there are plenty of funding options for small businesses from which to choose. But depending on how long you’ve been in business, your annual revenue, business credit history, and other factors, some options may be a better fit than others. Here are 11 of the top funding options for small businesses, how they work, and how you can obtain them.

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Small Businesses Credit Unions Credit Scoring 52

Due

OCTOBER 3, 2024

The Securities and Exchange Commission (SEC) has appealed a pre-existing $125m court judgment against Ripple Labs. The SEC deems that the figure is not enough of a financial penalty to be levied against the crypto company and is now pursuing further damages. The federal regulator had been seeking around $2 billion dollars to settle the allegations that the company had defrauded institutional crypto investors.

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Grit

OCTOBER 3, 2024

While still effective, traditional marketing methods often struggle to stand out amidst the noise. Enter guerrilla marketing —a creative, unconventional approach to surprise, engage, and captivate. This guide will explore implementing this on BigCommerce, offering innovative strategies to make your store memorable and drive substantial customer engagement.

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blue dot counseling

OCTOBER 2, 2024

One thing you shouldn't do at this stage is think: "I know! let's connect the online platform app to the cloud accounting software." The post This is bookkeeping in the 21st century appeared first on Blue Dot Consulting.

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CreditStrong for Business

OCTOBER 4, 2024

Purchasing a vehicle for your business can be expensive. But if you’re a small business owner who needs financing to buy a commercial vehicle, it may be wise to take out a loan in your company’s name rather than a personal loan tied to your consumer credit reports. How to Get a Business Auto Loan The five steps below can show you how to get a commercial vehicle loan for your business.

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