RMAi Blog

APRIL 20, 2023

An Initiative Dedicated To Planting Trees Around The World to further our sustainability efforts. ARIZONA, Apr. 20, 2023 — Remitter, a digital communication and collections platform announces it’s partnership with One Tree Planted, a globally recognized non-profit organization focused on reforestation and environmental conservation efforts. For every client we onboard Remitter pledges to plant 10 trees in regions where they are needed most.

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Your Virtual Credit Manager

APRIL 18, 2023

The economic principle supporting the “Division of Labor” asserts that a worker devoted to a single function, hence specialized, will become proficient faster as well as become more effective (better results) and more efficient (lower cost), than a worker performing a series of activities. Inherent value is derived from the division of labor and using specialized workers to deliver goods and services at an economic advantage over other organizations where each worker instead is respo

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Bad Debt Credit and Collections Third Party Collections Accounts Receivable (AR) 130

Due

APRIL 17, 2023

All of us appreciate the privileges of elite status on our preferred airlines. Life seems to be good when you no longer be the last passenger to board the plane or end up cramped in the middle seats of flights. Besides, you have free checked bags and complimentary upgrades. The holistic essence of superiority elevates your self-esteem, right? Well, there are several reasons to vouch for the Delta Premium status.

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Transactions 122

Credit Management Group UK

APRIL 18, 2023

Typically local government and large corporate companies suffer from bureaucratic delays on payment. Part of the process for on boarding a new customer should be to establish your customers process for authorisation and payment. Does your invoice need to contain specific information required for your customer to easily identify and authorise? Such as delivery address, site name, department etc.

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Credit Management 100

RMAi Blog

APRIL 17, 2023

For over eight years, Event & Sales Development Manager Sylvia Done has been working hard to give RMAI members experiences they will remember. Event & Sales Development Manager, Sylvia Done. In addition to overseeing the planning process for all RMAI events like Annual Conference, Executive Summit, and Regional Events, she also has her hands in all things exhibits and sponsorship development.

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incfile

APRIL 19, 2023

The year 2022 has been a matter of survival for small businesses, many of which are still struggling to stabilize since the COVID-19 pandemic. As the dust settles in 2023, companies are embracing new small business trends that can have a huge impact.

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Small Businesses 98

Waystar

APRIL 19, 2023

Today, the patient financial journey has the power to define a patient’s entire healthcare experience. It sounds hyperbolic, but the data bears it out. “When you think about the patient experience as a whole, the first and last touchpoints are financial interactions,” says Nadia Critchley, Senior Analyst, Research & Advisory at The Academy.

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TMC Financing

APRIL 18, 2023

“Greening” your building is more than just an architectural fad. It is the way of the future, and a huge money saver. The post Using the SBA Green Energy Program to Increase Commercial Financing appeared first on TMC Financing.

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incfile

APRIL 18, 2023

Writing a business plan for your food truck is essential. Your business plan serves as a strategic roadmap that can drive your food truck dreams into reality. Use your business plan to clarify your goals and objectives by detailing an overview of the financial, marketing, and operational aspects of your new venture. To get started, let's take a look at all the requirements of an effective food truck business plan and how to use a template to get started.

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Know-It Global

APRIL 19, 2023

Company insolvencies continue to climb steeply March monthly insolvency statistics reveal. 2,457 businesses in England & Wales entered liquidation, an increase of 16% year on year. In Scotland the figure is 21% higher compared to March 2022, with 140 insolvencies recorded. The rise of Creditors’ Voluntary Liquidations (CVLs) paints an extremely bleak picture. 2,115 CVLs were recorded across England, Scotland & Wales in March, up 10% in just one year.

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Bad Debt Credit and Collections Credit Risk Credit Management 98

Waystar

APRIL 18, 2023

This is the seventh post in a new Waystar blog series: 7 steps to sharpen your healthcare revenue cycle. Can’t wait for a new blog each week? Download the eBook to learn 7 steps for maximizing your healthcare RCM software. Maximizing patient collections in healthcare is an increasingly common — and critical — goal. When up to 30% of a provider’s revenue comes directly from patients , you need to fine-tune every piece of your collections cycle.

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Transactions 98

Lendio

APRIL 20, 2023

Financial metrics can provide valuable insight into the strength of your business’ financial position and performance. Profitability ratios are among the most important metrics, since maximizing profits is most businesses’ primary goal. Here’s what you should know about profitability ratios to use them effectively in your financial planning, including what they are, which ones are most common, and how to calculate them.

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Deductions 98

Gaviti

APRIL 18, 2023

To effectively tackle a recession, it’s essential to understand the economic factors that contribute to it. In the recession we are currently experiencing, interest rates and inflation rates are playing a major role. This blog post will explore various strategies that finance and collections teams can adopt to better handle issues that might arise from these recent unyielding interest rate increases.

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DSO 97

incfile

APRIL 19, 2023

You never know where your next business idea will come from. In fact, 47% of non-business owners have had multiple small business ideas , while 27% have had just one. Inspiration has a way of striking when you least expect it — but no matter how much passion you pump into your latest venture, you still need to pause and consider the profitability that it might yield.

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Small Businesses 96

The Red Spectrum

APRIL 20, 2023

Credit Limit: What is it? A credit limit is the highest amount of credit that a financial institution grants to a client on a credit card or a line of credit. Lenders typically establish credit limits based on various pieces of information about the credit-seeking applicant, including their income and employment status. Credit limits are a crucial factor that can impact consumers’ credit scores and their capacity to obtain credit in the future.

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Credit Scoring Credit Reporting Agencies 95

Lendio

APRIL 21, 2023

The U.S. tax code is known for its complexity. It’s hard enough for individuals to keep up with all the rules involved in preparing a personal tax return, but businesses have it even harder. Businesses are required to pay types of taxes, file entity tax returns, and ensure that they are compliant with all applicable regulations. We’ll take a look at why it’s important for business owners to understand business taxes, the various types of taxes that businesses are subject to, and ways to minimize

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Small Businesses Deductions Credit and Collections 96

Chaser

APRIL 21, 2023

I am proud to share that Chaser's Chief Executive Officer, Sonia Dorais has won the Outstanding Leader in Collections Awards at The Leadership Awards 2023.

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Abrigo

APRIL 21, 2023

Focus loan reviews on risk in the portfolio Continuous loan review monitoring helps banks and credit unions ensure credit review systems support safe and sound lending. You might also like this webinar, "Return to basics: Asking the right credit risk questions." WATCH Takeaway 1 Continuous monitoring for loan review helps create and support a system for independent credit risk review.

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Credit Unions Credit Risk Small Businesses 78

Due

APRIL 20, 2023

What’s the resource you prioritize the most as a CEO or a small business? “Time is money” – is the most common answer. Well, saving your precious man-hours can translate to increased revenue! There’s no point denying that you’ve got associates to meet, sales targets to realize, and entrepreneurial tactics to chalk out. Standing in the queue for banking services isn’t something you’d consider in your chores.

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Small Businesses Transactions 80

Accounting Department

APRIL 18, 2023

Opportunity cost is a concept in business that refers to the value of the best alternative forgone in order to pursue a certain action or decision. It is a crucial element to consider when evaluating the benefits and drawbacks of various options, particularly in business.

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Small Businesses 75

Chaser

APRIL 19, 2023

I am thrilled to share that Chaser has been shortlisted for two awards at the 2023 Credit Awards; Best Company to Work For and Best Use of Technology.

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Enterprise Recovery

APRIL 21, 2023

A typical services contract requires a retainer or ongoing payments. Businesses selling software-as-a-service (SaaS), or anything else "as-a-service," rely on monthly or annual fees from subscribers. If those subscribers fail to meet their obligations, their accounts can be sent to collections for recourse. Non-payer churn is one of many reasons that Saas companies need debt collection services.

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Debt Collections 70

Due

APRIL 16, 2023

When prices surge across various sectors of the economy, you’ll start hearing analysts talk about inflation. Inflation is the devaluation of currency over time , meaning as goods and services become more expensive, the buying power of your money decreases. People will often first notice inflation by realizing that something they buy regularly is more expensive than usual—maybe your grocery store or gas pump receipt is higher than expected.

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Accounting Department

APRIL 20, 2023

In the fast-paced world of e-commerce, effective financial management is key to achieving long-term success for your Amazon business. Bookkeeping services play an essential role in handling your financial transactions, ensuring accuracy, and assisting you in making informed decisions. This article delves into the process of finding the perfect bookkeeping service for your Amazon e-commerce business and the factors to consider when making your selection.

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Transactions Small Businesses 67

Chaser

APRIL 20, 2023

We are proud and excited to share that Chaser has won UK Small Business App Partner of the Year at the Xero Awards 2023. The award recognises app partners with a proven track record of growth with Xero’s UK customers, who provide a fantastic user experience and have a world-class engagement program. The Xero Awards are a celebration of excellence among Xero’s accounting, bookkeeping and app partners that help small businesses thrive around the globe.

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Small Businesses 74

The Red Spectrum

APRIL 20, 2023

Building business credit is essential for small businesses looking to grow and expand. Without a strong credit score, securing financing or partnerships that can help your business thrive can be difficult. In this article, we will provide you with a comprehensive guide on how to build business credit for your small business. Business credit is separate from personal credit, which is based on your personal credit score and history.

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Small Businesses Credit Scoring Credit Reporting Agencies Transactions 60

Due

APRIL 21, 2023

Your future is largely determined by how you plan your finances today. As you weigh your financial goals, you find it increasingly challenging to allocate funds to different needs and wants! You might want to invest in stock markets, REITs, bonds, or simply put aside funds for your kids. Timely financial planning makes your lifestyle organized! Well, as much as 56% of Americans don’t even have $1,000 in their savings account.

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incfile

APRIL 19, 2023

After serving more than 1,000,000 small business owners, there are some truths we know about entrepreneurs. They are adaptable. They are resilient. And they seem to be made of tougher stuff than the average person.

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Small Businesses 59

The Esker Blog

APRIL 18, 2023

As businesses grow, there may be better approaches than solutions in Customer Service that worked a year ago. There are processes associated with everything your organization does, both externally and internally. Which ones should be improved now? Which ones are most crucial to your customers and your productivity? Would improving one particular process help your organization directly reach its current B2B customer experience objectives?

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Transactions 59

Lendio

APRIL 21, 2023

The term ‘mergers and acquisitions’ refers to the combination of two or more companies into a single business entity. This joining-together of multiple companies can take place when two or more businesses form a new legal business entity (aka a merger) or when one company purchases another and absorbs its resources into an existing business entity (aka an acquisition).

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Transactions 52