Onguard
OCTOBER 29, 2024
Relatively little has changed over the past 25 years in the credit management profession. Yes, we now send e-mails and text messages instead of faxes and letters. Moreover, we have “fancy” systems and AI. However, in essence, outstanding receivables have not declined structurally within organisations, said Meri Nasole, at the first Onguard University event.
RevCycle
OCTOBER 31, 2024
As healthcare continues to evolve, so do the complexities of managing the revenue cycle, with denial management being one of the most persistent challenges. Denial management is an essential component of healthcare revenue cycle management (RCM) because denials directly impact an organization’s financial health. From 2022 – 2024, the number of providers who said denials are increasing jumped from 42% to 77%.
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RMAi Blog
OCTOBER 29, 2024
Axiom Acquisition Ventures, LLC Completes SOC 2 Audit to Further its Commitment to Protecting Consumer Data Tampa, FL: Axiom Acquisition Ventures, LLC, an RMAi-certified debt acquisitions company, today announced the successful completion of its SOC 2 audit. The certification was awarded on October 22, 2024. The SOC 2 audit was conducted by leading compliance assessor A-LIGN, a technology-enabled security and compliance partner trusted by more than 2,500 global organizations to help mitigate cyb
Your Virtual Credit Manager
OCTOBER 29, 2024
Finding the time and resources to complete every collection activity needed to be done at the optimal time to be done is a constant challenge. Most small companies come up short because the owner or CFO have more important things to do and there isn’t a dedicated employee responsible for credit and collections. The solution involves maximizing both the efficiency and the impact of the collection activities you do perform.
Due
OCTOBER 31, 2024
Six men have been charged in a case involving an attempt to defraud the United States government and the Department of Defense (DOD). The defendants have been accused of rigging bids, defrauding the government, and paying bribes and kickbacks to sell IT products and services to federal government purchasers. This resulted in millions of dollars being overcharged to the U.S. government, including the Department of Defense (DOD), and resulted in swift action from the Justice Department.
Chaser
OCTOBER 29, 2024
Accounts receivable (AR) is a critical metric that reflects the financial health of a company. A decrease in accounts receivable can be a positive sign of efficient credit management practices, a strong economy, increased sales, efficient inventory management, or favorable payment terms.
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
Accounting Department
OCTOBER 30, 2024
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.
CreditStrong for Business
NOVEMBER 1, 2024
Starting a new business can get expensive fast. Whether you’re purchasing new equipment, getting supplies, or buying inventory, it can feel like there’s not enough cash flow to make it work. In this article, we’ll make it easier on you by uncovering what to expect from government small business loans and how to prepare for them. How To Prepare To Get A Business Loan From The Government The Small Business Administration (SBA) partners with lenders, banks, and credit unions to provide loans to sma
Abrigo
OCTOBER 30, 2024
Increasing efficiency of compliant AML investigations To boost AML program productivity and keep pace with evolving compliance demands, financial institutions should focus on strategic operational improvements paired with the smart use of technology. Key topics covered in this post: The challenges of enhancing AML program productivity 8 Ways for financial institutions to increase the efficiency of case investigators Operational improvements & technology can increase throughput Compliance
Waystar
OCTOBER 29, 2024
It’s no secret that automation is the optimal way to manage prior authorization. When 39.7% of denials occur during prior authorization processes , automation is the only way to stay on top of volume and slash write-offs without adding staff. And the possibilities only grow when you layer on generative AI. ( See how Waystar and Google Cloud have automated the extraction of prior auth requirements from complex payer data sets , reducing the time to generate a procedural preauthorization repo
TreviPay
OCTOBER 31, 2024
Finance teams face increasing pressure to deliver faster, more accurate insights. Traditional Financial Planning and Analysis (FP&A) processes, often dependent on historical data and manual work, are struggling to keep up with modern demands. To meet these challenges, businesses are turning to AI to optimize their FP&A functions and enhance decision-making.
Accounting Department
OCTOBER 31, 2024
In the ever-evolving landscape of business, one size rarely fits all. This is particularly true when it comes to financial management. Whether you're a burgeoning startup or an established enterprise, having a firm grasp on your finances is crucial.
Due
OCTOBER 31, 2024
Two men have been sentenced for their part in a scheme to launder hundreds of thousands of dollars internationally. According to a Justice Department report on the case, Li Pei Tan of Georgia and Chaojie Chen, 41, a Chinese national residing in Chicago, were the pair at the heart of the international monetary fraud. It was alleged that they were the go-to people to launder tens of millions of dollars in drug proceeds on behalf of foreign drug trafficking organizations.
Enterprise Recovery
NOVEMBER 1, 2024
With just a few months left of the year, it's time to ensure that your business is well-prepared. Careful planning and allocation of financial resources can help your business seize new opportunities, overcome potential challenges, and achieve its growth objectives. By creating a financial roadmap that supports sustainable development and long-term success, you're positioning your business to thrive in the coming year.
TreviPay
OCTOBER 29, 2024
Curious how one of the world’s largest automakers is transforming B2B relationships with innovative payment solutions? Join us for an exclusive webinar featuring GM’s Lisa Coggins’ insights on blending traditional relationship management with advanced AI and automation to create unmatched customer experiences. Coggins will dive into their Fleet Consolidated Billing Program—a game-changer in fleet management that offers seamless trade credit, loyalty incentives and ERP-integrated billing.
Know-It Global
OCTOBER 28, 2024
The month of October marks National Women’s Small Business Month 2024, and it is only right that we shine a light on Know-it as a female founded business! Since 2021, the company has been supporting businesses getting paid, but in this blog, we’ll discuss how Know-it began. Know-it is a business proudly female owned and founded. Lynne Darcey Quigley’s journey to becoming a prominent figure in the commercial debt recovery sector is a testament to her entrepreneurial spirit, but how did she
Due
OCTOBER 26, 2024
The stock market is a fascinating, ever-evolving entity. It’s a dynamic landscape that is influenced by a myriad of factors. One of the most prominent indicators of the stock market’s health and trajectory is the S&P 500, an index that measures the stock performance of 500 large companies listed on the stock exchanges in the United States.
Chaser
OCTOBER 28, 2024
I am thrilled to share that Chaser has won the AI in Fintech award at the Global Fintech Awards 2024. As part of the Fintech Live 2024 conference in London, these awards recognize incredible innovations and achievements across the Fintech industry. After being shortlisted in September, it is an honor to have Chaser's software recognized with an award among some of the most innovate fintech businesses in the UK.
CreditStrong for Business
NOVEMBER 1, 2024
If you’re looking to buy a vehicle for your business, there are several different ways you can finance the purchase. Business auto loans and equipment loans can be a good place to start, but if your business meets the requirements for an SBA loan, that should be on your radar as well. Here’s what you need to know about SBA commercial vehicle loans, how they’re structured, and what you should expect in terms of eligibility requirements.
JNI Commercial Lending
NOVEMBER 1, 2024
Starting and running a small business requires more than just a great idea and entrepreneurial spirit; it requires money. In a world where competition is fierce, securing the right financing can make the difference between success and failure. Traditional bank loans may not always be the best fit for small businesses, especially when time and […] The post Creative Capital Alternatives Small Businesses Must Explore appeared first on JNI Commercial Lending.
Due
OCTOBER 28, 2024
Jeromy Pittmann of Pensacola was found guilty in a Florida court and was sentenced for a years-long bribery scheme involving Special Immigrant Visas (SIVs) for Afghan nationals. He now faces 30 months in federal custody for his crimes against the United States. Since 2009, Congress has authorized the State Department to approve a minority of SIVs to enter the United States as Afghan nationals to translate for U.S. military personnel.
aptic
NOVEMBER 1, 2024
Open banking has transformed the financial industry and the way financial services can be shared and used by multiple actors. Open finance is the next step, offering further opportunities for innovation, choice and customised financial services. We will take a closer look at what Open banking and Open finance mean and how they differ. We will also look at the challenges they can bring, and what is needed to implement Open banking and finance in a safe and successful way that attracts customers.
CreditStrong for Business
NOVEMBER 1, 2024
The SBA microloan program provides a relatively small amount of funding for select small businesses through nonprofit intermediary lenders. If your small business is a startup or you belong to certain communities that are often underserved by commercial lenders, you may be able to get up to $50,000 in financing to build your business. Before you apply, it’s important to know what SBA microloans are, how they work, their eligibility requirements, and their benefits and drawbacks.
Collenda
NOVEMBER 1, 2024
Navigating Credit Risk Management in Banking: The Future of Decision-Making and Receivables Paul O’Sullivan, Global Head of Banking and Lending at Aryza With a growing emphasis on Environmental, Social, and Governance (ESG) factors, compliance with International Financial Reporting Standards (IFRS), and adherence to regulatory frameworks, a robust strategy to manage credit risk is now paramount for banks and financial institutions.
Due
NOVEMBER 1, 2024
The Justice Department is instructing Medisca Inc. to pay $21.75 million to resolve allegations that it established false and inflated Average Wholesale Prices (AWPs) for two ingredients used in compound prescriptions. The company’s prescription ingredients ordering system reportedly contained false pricing. This resulted in pharmacies unknowingly submitting prescription claims to the Defense Health Agency.
Chaser
NOVEMBER 1, 2024
Debit card transactions are generally considered cash transactions because the funds are immediately deducted from the cardholder's checking account upon purchase, similar to cash payments.
CreditStrong for Business
NOVEMBER 1, 2024
SBA Express loans come with many of the same features as the SBA 7(a) loan program that it belongs to, albeit with some key differences. Fortunately, SBA Express loan requirements aren’t all that different, and you can actually get approved for this type of loan more quickly than other government-backed small business loans. If you’re considering an SBA Express loan, here’s what you need to know about the program, the requirements to get approved, and whether or not it’s
TreviPay
OCTOBER 30, 2024
A successful order-to-cash (O2C) process will end with a payment. Now, how you handle that payment matters. For B2B customers, applying cash to a specific invoice or transaction is crucial for on-time payments. The driving force behind this is the customer’s ERP or A/P system. These systems have safeguards to protect companies and track their spending.
Due
NOVEMBER 1, 2024
There is a worrisome trend among Americans regarding dental care. Over 90% of those surveyed confessed that they might postpone or skip dental appointments and procedures due to their steep costs. This issue highlights the potential decline in the nation’s oral health since regular dental check-ups are crucial in preventing more severe and costly problems down the road.
Biz2X
OCTOBER 29, 2024
Reading Time: 4 minutes AI and Generative AI Use Cases in Banking Artificial intelligence (AI) is integrated into most functional processes today, including banking. As technology advances, so do the available artificial intelligence applications. Generative artificial intelligence, or GAI, is becoming a common tool in the banking and finance industries, but not without controversy.
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