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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CreditStrong for Business
OCTOBER 30, 2024
Lenders and credit card issuers use your credit score to determine your financing terms, such as your annual percentage rate and credit limit. However, that doesn’t mean every point you gain or lose changes your results. Instead, creditors generally create offers for multiple credit score ranges known as credit tiers, and tier 1 credit is the one you want to reach.
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.
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.
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.
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
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
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.
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
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.
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.
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.
TreviPay
OCTOBER 30, 2024
Thursday, November 21 at 10 a.m. CST In today’s world of B2B payments businesses are presented with unprecedented opportunities for global expansion. However, venturing into new markets, particularly in the B2B sector, is fraught with complexities that can derail even the best-laid plans. Join TreviPay leaders Inez Berkhof-Hollander, Piers Gorman and Ben Machen as they unpack how to successfully navigate this intricate terrain.
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.
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
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.
NorthOne
OCTOBER 28, 2024
As a small business owner, it’s good to have a lot of small business bank accounts to choose from. These banks compete for your business by offering you better deals. The post 8 Best Small Business Bank Accounts in 2024 appeared first on North One Blog.
GoCardless
OCTOBER 28, 2024
See what improvements we’ve made this Autumn
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.
Due
OCTOBER 26, 2024
Do you want to save money on your grocery bills without sacrificing quality? A non-perishable food stockpile is a great way to stretch your budget and ensure you always have food on hand. But what are the best foods to stock up on for a thrifty lifestyle ? The more important question is, how can you protect your food stockpile? Let’s find out.
NorthOne
OCTOBER 28, 2024
Are you searching for the best bank for small businesses in Virginia? The ideal choice will vary depending on your business’s specific needs and your personal preferences, but there’s no. The post The 5 Best Banks for Small Business in Virginia (2024) appeared first on North One Blog.
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.
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.
FundThrough
OCTOBER 28, 2024
With a sea of options available, choosing financing that’s a fit for your business feels overwhelming. As small business owners and entrepreneurs ourselves, we understand the struggle. Financing aligned with an accounting software provider, like Xero, narrows it down. Read on to discover apps that will help you get funded and get back to business […] The post The Top 4 Xero Finance Options for Small and Medium Businesses appeared first on FundThrough.
NorthOne
OCTOBER 28, 2024
Picking the right bank for your small business isn’t just about finding a place to park your cash—it’s about choosing a financial partner that can help your business thrive. With. The post 11 Best Banks for Small Business in 2024 appeared first on North One Blog.
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
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.
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
NorthOne
OCTOBER 28, 2024
A business high-yield savings account (HYSA) typically offers a higher interest rate compared to a business checking account, allowing businesses to earn more on their deposits while maintaining liquidity. In. The post 7 Best High-Yield Savings Accounts in 2024 appeared first on North One Blog.
RMAi Blog
OCTOBER 28, 2024
ConServe Earns a Spot on the 2024 Power List for Banking and Finance Rochester, N.Y. – October 28, 2024 – Continental Service Group, LLC d/b/a ConServe, is proud to announce that Pamela Baird, Chief Executive Officer was selected by the Rochester Business Journal’s editorial team as one of “2024 Power List for Banking & Finance” for their 2024 Power 100 list.
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