Onguard

OCTOBER 9, 2024

The surge in popularity of ChatGPT in late 2022 has put AI in the spotlight for its potential to streamline work processes in every business, including the finance sector. How do organisations perceive and leverage AI to optimise their processes and what is the role of the finance professional in this landscape? This is what we attempted to explore in our latest research, entitled “ The future of credit management: AI and the role of the finance professional ”, deriving input from 30 interim pro

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RMAi Blog

OCTOBER 10, 2024

The Receivables Management industry mourns the loss of a true visionary, Larry Vasbinder, founder of Second Round, who passed away unexpectedly this past weekend after post-surgical complications. Larry’s legacy is one of innovation, resourcefulness and an unwavering commitment to improving the consumer experience. His absence is deeply felt. Starting his career in public accounting in 1990, Larry became a Certified Public Accountant and joined the tax department of KPMG Peat Marwick, furthering

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Your Virtual Credit Manager

OCTOBER 8, 2024

Companies selling other businesses on open terms need to ensure any collection agency partners can effectively collect non-performing receivables. Doing this involves taking a series of proactive steps. These measures will minimize bad debt losses, maximize collection rates and thereby help maintain healthy cash flow, but require the establishment of credit and collection policies with a mind to the possibility that the customer you approve for open credit terms might eventually not be forthcomi

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Credit and Collections Third Party Collections Bankruptcy Bad Debt 100

TMC Financing

OCTOBER 9, 2024

490 Small Businesses Served, Securing Over $1.8 Billion in Total Financing for Fiscal Year 2024 For the fourth consecutive year, TMC Financing is named the No. 1 U.S. Small Business. The post TMC Financing Celebrates Four Consecutive Years as the Nation’s #1 SBA 504 Lender, Breaking New Records appeared first on TMC Financing.

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OCTOBER 10, 2024

Eight individuals in the Eastern District of New York have been charged with participating in a $68m Medicaid fraud scheme targeting adult day care and home healthcare services. The indictment was unsealed today in Brooklyn, New York, and focused primarily on Akia Khan, who owned two social adult daycares, Happy Family Social Adult Day Care Center Inc.

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RMAi Blog

OCTOBER 11, 2024

MENLO PARK, CA – Latitude by Genesys , a leading debt collection software solution, is dedicated to positively impacting the communities where its employees and executives live. Recently, Latitude donated to the Food Bank of Northeast Georgia, a non-profit organization committed to alleviating hunger and addressing food insecurity across the region.

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Accounting Department

OCTOBER 8, 2024

Budgeting is crucial for any business that wants to succeed in the long term. As a business owner of a small to medium-sized business, you may have experienced the challenges of creating and implementing a budget.

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Small Businesses 78

Reorg Blog

OCTOBER 8, 2024

Today, we consider an attempted “parade of horribles” in the Venezuela/Citgo sale proceeding, another dubious disclosure approval in Incora/Wesco and Judge Goldblatt’s Pension Claims Ruling in Yellow.

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RMAi Blog

OCTOBER 11, 2024

WEST SENECA, NY – P&B Capital Group, a third-party collection agency headquartered in Western New York, has spent a portion of Q3 in 2024 looking for organizations to support as part of its ongoing community outreach efforts. To better serve its employees and the surrounding community, P&B Capital Group has made a sizable donation to Sto Lat Strong , a Breast Cancer Research Fundraising Group.

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Third Party Collections 130

Due

OCTOBER 11, 2024

The decision of a U.S. federal court saw the permanent banning of two Dallas-area physicians after they were found complicit in the illegal distribution and prescription of controlled substances. Cesar B. Pena Rodriguez, M.D., and Leovares A. Mendez, M.D., were the subject of a civil complaint filed in the Northern District of Texas in 2019. The complaint alleged that the two physicians violated the Controlled Substances Act (CSA).

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CreditStrong for Business

OCTOBER 11, 2024

Faster funding speeds and more lenient qualification standards are among the biggest perks that hard money loans have to offer. Nonetheless, there are still qualification requirements that you’ll need to satisfy as a real estate investor when you apply for financing. Most hard money lenders require a hefty down payment, experience as a real estate investor, a good personal credit score, and a certain loan-to-value ratio.

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Reorg Blog

OCTOBER 11, 2024

The post BREAKING: Red River Talc Case to Stay in SDTX; Court Rejects Motions to Transfer Venue to New Jersey, Says ‘This Case Will Be Dismissed or Confirmed’ appeared first on Reorg.

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RMAi Blog

OCTOBER 11, 2024

CINCINNATI, OH – Slovin & Associates , a collections law firm headquartered in Cincinnati, OH, is committed to making a difference not only through their legal expertise but also by supporting important causes that uplift the most vulnerable. One such cause that the Slovin team identified is helping Lighthouse Youth Services (LYS), a non-profit organization dedicated to helping underrepresented youth and families in need, particularly those dealing with homelessness or runaway situatio

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OCTOBER 11, 2024

When we discuss the “rich vs. poor mindset,” we often refer to the underlying attitudes, behaviors, and habits that shape our approach to life. These ingrained patterns can pave the way for success or hinder our progress, often without conscious awareness. As David Meltzer points out, the “99 percent” often adopt a scarcity mindset , believing that resources are limited and competition is fierce.

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CreditStrong for Business

OCTOBER 11, 2024

Dun & Bradstreet (D&B) is one of the major commercial credit bureaus in the United States and provides various data analytics services. That includes assigning DUNS Numbers, which serve as a unique identifier for each company in their system. Here’s everything you should know about DUNS Numbers, including how they work, the benefits they provide, and how to get one for your business.

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Credit Scoring Credit Application 52

Grit

OCTOBER 11, 2024

In the fast-paced world of eCommerce, efficiency and automation are key to staying ahead of the competition. For BigCommerce users, leveraging automation can streamline operations, enhance customer experience, and ultimately boost sales. In this blog post, we’ll explore the top automate website actions that every BigCommerce store owner should know.

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RMAi Blog

OCTOBER 11, 2024

RMAI extends its thoughts of support to all of those affected by Hurricane Milton. RMAI recommends all members temporarily suspend collection calls and communications to consumers in the portions of Florida who are directly affected by this emergency. Information on the impact of Hurricane Milton can be found on the Florida Division of Emergency Management website.

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OCTOBER 11, 2024

A federal judge has ordered CSX Transportation Inc. to pay a fine of $453,510 to two railroad workers who were illegally terminated from their posts. The decision came in from the U.S. Department of Labor’s Office of Administrative Law Judges and was informed by a Whistleblower investigation into CSX Transportation by the Department of Labor. CSX Transportation Inc. is a subsidiary of the Jacksonville-based CSX Corp., and according to the court report, is “one of the nation’s largest transportat

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CreditStrong for Business

OCTOBER 11, 2024

When you’re establishing yourself as a small business owner, there are dozens of administrative tasks begging for your attention. As a result, it’s easy to overlook some significant but less obvious steps, like getting yourself a 411 business listing. Here’s everything you need to know about 411 listings, including how they work, why they matter, and the steps you should take to set one up for your business.

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Credit Scoring Deductions Small Businesses 52

Chaser

OCTOBER 10, 2024

Receivables management can pose a range of challenges for businesses. Common pain points include late payments from customers, which disrupt cash flow and often involve time-consuming follow-ups and manual, repetitive debtor management tasks which many businesses lack the time and resources to complete.

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Gaviti

OCTOBER 10, 2024

CFOs are under constant pressure to increase efficiency in operations while at the same time cutting costs, ensuring healthy cash flow. At the same time, they must be able to gather and analyze data to quickly make the right decisions that contribute to business growth. These pressures are driving them to adopt a range of autonomous finance tools, including those in accounts receivable.

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Invoice to Cash Credit and Collections DSO Payment Portals 52

Due

OCTOBER 11, 2024

The Federal Reserve, often called the Fed, plays a pivotal role in the U.S. economy. Tasked with implementing monetary policy, the Fed manages the money supply and interest rates to achieve stable prices, maximum employment, and moderate long-term interest rates. The Fed has a history of aggressively raising and cutting rates to manage economic conditions, a strategy that has significant implications for the financial market.

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CreditStrong for Business

OCTOBER 11, 2024

Do you really want your home address to pop up when someone searches for your small business? It might not seem like a big deal, but your privacy and safety are important to consider. Presenting a professional image to your customers is a top priority too. Using a virtual business address helps with those issues and more. In this article, we’ll cover how they work and how to get one.

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Credit Scoring Small Businesses 52

blue dot counseling

OCTOBER 9, 2024

I come to praise spreadsheets not to bury them - but you may not have the balance right. The post Spreadsheets in accounting – use fewer of them but learn how to build them better appeared first on Blue Dot Consulting.

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Grit

OCTOBER 9, 2024

With the right strategies in place during Cyber Week, you can maximize your sales and attract more customers. One effective way to do this is by utilizing coupons to incentivize purchases. In this blog post, we’ll explore how to automate Cyber Week coupons and their management on BigCommerce, streamlining your promotional efforts and ensuring you get the most out of Cyber Week.

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OCTOBER 11, 2024

At just 17, Angela Elena Olazaran Laureano has significantly impacted healthcare access and STEM education in Mexico. Last month, she won the Chegg.org Global Student Prize 2024 and a $100,000 award at UN Week in New York City. Selected from over 11,000 nominations across 176 countries, Angela’s journey shows the power of innovation and determination.

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CreditStrong for Business

OCTOBER 11, 2024

The SBFE abbreviation stands for the Small Business Financial Exchange. The organization was established in 2001, and it describes itself as a small business lending trade association. The goal of the organization is to serve the business lending industry by providing accurate and reliable data to help lenders predict small business credit risk. As a small business owner, it’s important to understand how the SBFE could impact you when you need to apply for new business financing.

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Credit Reporting Agencies Credit and Collections Credit Scoring Credit Risk 52

TreviPay

OCTOBER 9, 2024

TreviPay Awarded Platinum for Banking Innovation of the Year at 2024 Juniper Research and Fintech Digital Awards TreviPay has been honored as the Platinum Winner in the “Banking Innovation of the Year” category at Juniper Research’s 2024 Future Digital Awards for Fintech & Payments. This prestigious recognition was awarded for TreviPay’s Financial Partner Gateway , a solution that has made significant strides in advancing banking innovation.

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Cpcmcredit Blog

OCTOBER 9, 2024

The news today that HS2 will be extended in a “light” form to Manchester and would terminate at Euston rather than Old Oak Common is welcome but is surely a straightforward practical solution to what has been built up as an intractable problem This blog avoids party politics but the previous administrations muddle over this (specifically Rishi Sunak) was extraordinary.

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OCTOBER 10, 2024

TD Bank has pleaded guilty and will pay over one billion dollars to end a Justice Department investigation into violations of the Bank Secrecy Act (BSA) and money laundering. TD Bank has agreed to forfeit $452,432,302.00 and pay a criminal fine of $1,434,513,478.40, for a total financial penalty of $1,886,945,780.40. The IRS Criminal Investigation Department, the Federal Deposit Insurance Corporation Office of Inspector General, and the Drug Enforcement Administration investigated the case.

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