RMAi Blog
AUGUST 16, 2024
On August 12, 2024, the New York City Department of Consumer and Worker Protection (DCWP) published its long-awaited amendments to the City’s Debt Collection Rule and an FAQ. DCWP has been working on revisions to this rule since November 2022. It was the subject of two public comment periods which RMAI and an industry coalition submitted detailed responses on December 19, 2022 and November 29, 2023.
Know-It Global
AUGUST 15, 2024
Managing accounts receivable can often feel like navigating through chaos, especially when dealing with late payments, discrepancies, and inefficiencies. However, with the right tools and strategies in place, businesses can transform this chaotic process into one of control and efficiency. In this blog post, we will explore how Know-it can help bring order to your accounts receivable process, leading to improved cashflow, stronger customer relationships, and overall business success.
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Your Virtual Credit Manager
AUGUST 11, 2024
Commercial bankruptcies have been surging since mid-2022. Chapter 11 filings, used by businesses hoping to reorganize, have increased by 34 percent in the first six months of 2024 compared to last year. Chapter 7 commercial liquidation filings are up 28 percent and sub-chapter V small business elections are up a staggering 61 percent despite the filing threshold recently being cut in half.
Credit Management Group UK
AUGUST 15, 2024
When beginning a commercial debt recovery claim, through your own company or when hiring a specialist debt recovery company, there are aspects that could make or break your claim, and others that we believe are essential for the success of a claim. Your commercial debt recovery claim: Do you know who your customer is? This should be done before any business relationship has begun, therefore should the business relationship reach the point of debt recovery you will have adequate information to pr
RMAi Blog
AUGUST 15, 2024
Tampa, FL , August 15, 2024 – Inc. revealed this week that Axiom Acquisition Ventures, LLC ranks No. 2083 on the 2024 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses.
Accounting Department
AUGUST 14, 2024
In today's competitive landscape, small and medium-sized businesses (SMBs) need every advantage they can get to thrive and grow. One powerful tool that can significantly impact a company's bottom line is forecasting.
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
Collenda
AUGUST 14, 2024
Celebrating Financial Awareness Day: The Importance of Financial Literacy Financial Awareness Day, observed annually on the 14th of August, is a crucial initiative aimed at promoting financial literacy and encouraging individuals to take control of their financial health. At Aryza, we understand the importance of this day and are committed to fostering financial awareness and education.
RMAi Blog
AUGUST 14, 2024
RMAI is an inclusive organization that fosters the participation of a diverse group of employees from all member companies in all RMAI networking activities, educational programming, and committee service. To that end, RMAI created the Diversity Equity Inclusion Belonging (DEIB) Annual Conference Scholarship. The 2025 Annual Conference will be held at the Aria Resort & Casino in Las Vegas, Nevada, February 10-13.
Accounting Department
AUGUST 15, 2024
Accounting is the backbone of any successful business. However, many business owners, in an attempt to save costs, opt for cheaper accounting services. While it might seem like a smart move initially, it can often result in significant expenses down the line. This blog post will help you identify the warning signs that your bargain accounting service might be costing you more than you think.
GoCardless
AUGUST 12, 2024
Why we're calling on banks to join the SPAA scheme
Chaser
AUGUST 12, 2024
Accurate revenue forecasting is essential for effective financial planning and business growth. In fact, organizations with accurate forecasts are 10% more likely to grow their revenue year-over-year, and are twice as likely to be industry leaders ( Argano ).
RMAi Blog
AUGUST 14, 2024
In This Update We Loved Connecting at the 2024 Executive Summit! Last week, 175 executives gathered in beautiful Santa Ana Pueblo, NM for the 2024 Executive Summit. This intimate event was packed with opportunities to meet new people, connect with friends, and learn more about the latest news in the industry. This year’s Summit featured 12 education sessions and 15 networking events, including golf at Twin Warriors Golf Course, dancing and artisans at our Taste of New Mexico event, and rel
Lendio
AUGUST 16, 2024
Multiple studies have found that small business owners are happier—and healthier—than traditional employees. Being your own boss can be stressful at times, but many people find the process to be exhilarating and more rewarding. The truth is, though, there are always going to be challenges to starting a new business—especially in your first year of operation.
Grit
AUGUST 16, 2024
eCommerce has experienced tremendous growth, with McKinsey reporting that approximately 75% of US consumers have tried new shopping behaviors since the pandemic, and most plan to continue these behaviors. This trend underscores the importance of product differentiation for eCommerce businesses on BigCommerce to stay competitive and attract customers.
Due
AUGUST 16, 2024
A Missouri woman is facing federal charges for attempting to defraud the family of Elvis Presley. The fraud claims focus on the woman, Lisa Jeanine Findley, also known as Lisa Holden, Lisa Howell, Gregory Naussany, Kurt Naussany, Lisa Jeanine Sullins, and Carolyn Williams. According to court documents she attempted to defraud the famous family of millions of dollars and the rights to Graceland, the attraction they own.
RMAi Blog
AUGUST 13, 2024
St. Louis, MO August 12th – Credit Control, LLC (“Credit Control”) is proud to announce for the fifth year in a row, our employees have ranked us as winners in the Best Places to Work in Collections program. This is the company’s fifth time participating and the fifth time being recognized as program winners. The 2024 Best Places to Work in Collections program was sponsored by ACA International, who held an awards ceremony honoring the program winners from this year.
CreditStrong for Business
AUGUST 16, 2024
Maintaining a strong business credit score is a long-term process. Yet when you’re first getting started, it may be possible to establish business credit quickly. You might be able to build business credit in 30 days or less with some business credit bureaus. But you may need to open multiple business tradelines to accomplish this goal. On-time payments are also a must if you want the credit score you earn to be positive.
blue dot counseling
AUGUST 15, 2024
Fair play - the two of them had got in touch because they knew something wasn't right and were reaching out for help. The post You can’t run a £1m business and only have your bookkeeping updated every three months! appeared first on Blue Dot Consulting.
Chaser
AUGUST 16, 2024
Late payments cost business in the UK £1.6 billion per year and the crushing financial pressure shows no sign of letting up. Data collected by Xero shows that the cost of unpaid invoices has doubled in the last two years alone. The average payment delay is also 6.1 days past the deadline, more than double what it was in 2021.
Due
AUGUST 15, 2024
A company has been urged to pay a $6.5M criminal fine to bring to a close a bid-rigging claim in the Michigan asphalt industry. Asphalt Specialists LLC pleaded guilty to conspiring with two other construction companies. Firstly Al’s Asphalt Paving Company Inc. (Al’s Asphalt) and its employees from March 2013 through November 2018. Then F. Allied Construction Company Inc.
CreditStrong for Business
AUGUST 16, 2024
In the business credit world, there are five main credit reporting agencies. These credit bureaus gather information about your company and resell it to others that want to predict the risk of loaning money to your company. It’s wise to understand who the business credit bureaus are and how they operate. After all, your business credit details can have a meaningful impact on your company’s ability to borrow money, secure competitive financing terms, work with suppliers, attract investors, and mo
Plooto
AUGUST 15, 2024
With challenges like inflation, labor shortages, and lack of access to capital, it’s no wonder business owners are turning to technology to alleviate rising pressures. In fact, over half of the world’s $370 billion technology spending came from SMBs , and 50% of American small business owners surveyed said they were likely to allocate more of their budgets to technology and infrastructure.
Grit
AUGUST 14, 2024
BigCommerce, a leading eCommerce platform, offers comprehensive order management software designed to streamline and optimize your business processes. BigCommerce Order Management Software offers a powerful solution for businesses looking to enhance their order processing capabilities. In this article, we will explore the numerous benefits of implementing BigCommerce order management software and provide guidance on selecting the best solution for your business.
Due
AUGUST 15, 2024
A poultry processing plant has received a fine and been the recipient of Department of Labor action after a 16-year-old died of fatal injuries. “Tragically, a teenage boy died needlessly before Mar-Jac Poultry took required steps to protect its workers,” said OSHA Regional Administrator Kurt Petermeyer in Atlanta. Mar-Jac Poultry MS LLC, was the subject of an Occupational Safety and Health Administration (OSHA) investigation.
CreditStrong for Business
AUGUST 16, 2024
FICO® and VantageScore, the two primary credit scoring models, most commonly use a credit score range from 300-850. 850 is normally the highest credit score possible. However, some credit score ranges go up to 900. According to 2019 FICO credit score statistics , merely 1.6% of all U.S. consumers had achieved a perfect credit score. Fair Isaac Corporation (FICO) credit scores are the industry standard, used by roughly 90% of the institutions that provide auto loans, student loans, personal loans
Reorg Blog
AUGUST 14, 2024
Loscam is working with its bank group on a three-year refinancing and 100M Australian dollars upsize of an originally $368M-equivalent club loan which matures on Nov. 1.
lsq
AUGUST 13, 2024
In today’s fast-paced business environment, companies are continuously searching for innovative ways to streamline their operations, improve cash flow, and strengthen supplier relationships. Two popular financial tools that have emerged to address these needs are supply chain finance (SCF) and virtual cards. Integrating SCF with virtual card programs can create a synergistic effect, enhancing financial efficiency and operational effectiveness.
Due
AUGUST 14, 2024
A Pennsylvania attorney has come clean in agreeing to a guilty tax evasion plea. According to the court documentation, Robert Powell pleaded guilty to evading taxes in an elaborate setup with his Powell Law Group P.C., a Luzerne County-based law firm. “Powell engaged in a lengthy scheme to hide his income and not pay taxes,” said Acting Deputy Assistant Attorney General Stuart M.
CreditStrong for Business
AUGUST 16, 2024
You’ve been watching your FICO score like a hawk. Observing it climb from 700 to 720 to 750 with each set of improvements. Lowering utilization rates, paying off debt, cleaning up past credit mistakes – it’s difficult at times, but you’ve set a goal and you’re sticking to it. Go you! The next mountain in your sights? The 800 credit score club. If that’s your next goal, you’re probably wondering, “What can I do with a credit score of 850?
Reorg Blog
AUGUST 14, 2024
Bohai Leasing Co. Ltd., which is looking to refinance $2 billion senior unsecured notes due Sep.
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