RMAi Blog

MAY 12, 2023

On May 11, 2023, Tennessee Governor Bill Lee signed into law House Bill 1181 , the “Tennessee Information Protection Act,” making Tennessee the eighth state to enact a comprehensive consumer data privacy law, following California, Virginia, Colorado, Utah, Connecticut, Iowa, and Indiana. The law will take effect July 1, 2024. Applicability The Act applies to persons that conduct business in Tennessee or produce products or services that are targeted to residents of Tennessee and that: During a c

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Credit and Collections 130

Your Virtual Credit Manager

MAY 9, 2023

Photo by petr sidorov on Unsplash Cash forecasting is very important in “normal” economic conditions. Given today’s economy, cash forecasting is critically important in light of: Economic forces : recession fears, inflation, higher interest rates are all combining to increase the likelihood of a substantial number of your customers paying you late, not in full, or not at all.

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Cash Forecasting Accounts Receivable (AR) Invoice Disputes Credit and Collections 130

Due

MAY 7, 2023

Artificial intelligence research has accelerated in recent years, and people are interacting with AI more frequently. In-home AI assistants and self-driving cars were once things out of science fiction but are now becoming a reality. Some researchers and activists wonder if AI is nearing the point of sentience, the ability to think and feel on the same level as humans.

Insurance Companies 122

Insurance Companies 122

tillful

MAY 12, 2023

A poor business credit score or thin credit history can get in the way when applying for small business loans. This is especially true in higher interest rate environments, when lenders pull back on credit (like now). Traditional banks and financial institutions often don’t provide financing for businesses with bad credit scores or weak credit histories (either due to short time in business, or the presence of derogatory marks such as liens).

Credit Scoring 98

Credit Scoring Credit and Collections Small Businesses Default 98

RMAi Blog

MAY 12, 2023

In This Update Via RMAI’s federal counsel, RMAI continues to monitor the activities on Capitol Hill. The debt ceiling and the recent bank failures are currently dominating the Congress’s activities. However, both the House Financial Services Committee and the Senate Banking Committee have held hearings this past month on topics of interest. Looking ahead, hearings will be held on digital currency and cannabis banking, as well as more hearings to help better understand the recent bank failures.

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Collector Credit and Collections Law Firms Debt Collections 130

The Red Spectrum

MAY 12, 2023

A high maintenance and improving strong credit score in today’s competitive business environment. Prioritizing credit monitoring and management as part of their overall financial management strategy is especially important for small business owners. It is impossible to overestimate the advantages of credit monitoring and management. A good credit score and history can mean the difference between getting financing or not, or between getting good conditions or bad ones.

Credit Scoring 98

Credit Scoring Small Businesses Credit Management 98

Plooto

MAY 9, 2023

In today's turbulent, disruptive times, businesses must stay financially agile. Effective liquidity management enables companies to make quick decisions, manage risk, and capitalize on business opportunities. In a   recent survey with Forrester , more than 80% of the companies indicated that liquidity management is a priority.

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RMAi Blog

MAY 11, 2023

This week, RMAI submitted a letter to the Federal Communications Commission (FCC) in response to their request for comments from the public about the unlawful use of text messages. The FCC is proposing rules that would: (1) require mobile wireless providers to block text messages when notified by the FCC that they are likely scams; (2) extend the Do-Not-Call protections to marketing text messages; and (3) ban the practice of obtaining a single consumer consent as justification for calls and tex

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Gaviti

MAY 9, 2023

We are thrilled to announce the launch of our latest addition to the Gaviti accounts receivable collections platform: the Credit Management Module! At Gaviti, we understand how crucial it is for you to maintain a healthy cash flow, minimize credit risk, and ensure timely payments from your customers. With this new module, we aim to empower your business by providing you with the tools and insights to make better credit decisions and enhance your overall credit management strategy.

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Credit and Collections Credit Management Dashboards Payment Portals 98

Due

MAY 9, 2023

What mother doesn’t want to be spoiled and shown how much she means to us? This is probably why approximately 84 percent of American adults celebrate Mother’s Day. However, showing mom this affection comes with a cost. According to the annual consumer survey released today by The National Retail Federation and Prosper Insights & Analytics , Mother’s Day spending reached $31.7 billion in 2002, up $3.6 billion from 2021’s record spending.

Credit and Collections 98

Credit and Collections 98

incfile

MAY 8, 2023

An investment LLC is a type of business entity that is created in order to invest through your company. Also called a Limited Liability Company, an LLC is a simple type of business entity that lets you put certain rules and regulations in place with the other members of your investing club.

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The Red Spectrum

MAY 8, 2023

Small businesses are the backbone of the economy. However, starting and running a business requires much capital. As a result, most entrepreneurs depend on small business financing to get their ventures off the ground. In recent years, the small business financing landscape has undergone significant changes. From the rise of alternative lending to changes in government policies, small business financing trends continue to evolve.

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Small Businesses Credit Scoring Credit and Collections Transactions 98

Chaser

MAY 9, 2023

Are you planning on attending Accountex London 2023 ? If so, make sure you don't miss out on visiting Chaser's stand. Chaser is excited to be exhibiting at this year's event, which is set to take place on Wednesday, May 10th, and Thursday, May 11th. As the leading event in Europe's accounting and finance community, Accountex London is the perfect opportunity for businesses to connect, learn, and discover new technologies to enhance their financial processes.

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Credit Absolute

MAY 8, 2023

What Is A Bad Credit Score? What is considered a bad credit score can vary depending on the credit scoring model being used but, ultimately, it comes down to what each lender considers a “bad” credit score. Your credit score is used by lenders to assess the risk that you may pose to them, should they provide […] The post What a Bad Credit Score Is appeared first on Credit Absolute.

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Credit Scoring 94

incfile

MAY 8, 2023

If you’re interested in forming an LLC, it’s important to recognize another important choice you’ll need to make along the way — your LLCs management structure.

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The Red Spectrum

MAY 11, 2023

The financial stability of any organization depends heavily on how well vendor accounts are managed. You must manage your Net 30 vendor accounts as a business owner or financial manager if you want to make sure that your suppliers are paid on time and that you have a good working relationship with them. However, handling these accounts might involve certain frequent mistakes that organizations make, which can result in lost opportunities and monetary burdens.

Small Businesses 97

Small Businesses Credit Scoring 97

Chaser

MAY 9, 2023

Almost 40% of businesses in the UK spend four or more hours a week dealing with late payments. That adds up to 208 hours, or just under nine full working days per year wasted simply chasing money your company has already earned.

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The Esker Blog

MAY 11, 2023

The rising cost of capital is causing finance leaders to look at supply chain financing (SCF) to improve working capital. That’s because supply chain finance addresses the basic need of financing the working capital necessary to run any business. And when delivered successfully, SCF benefits every part of the buyer/seller dynamic.But what is SCF? How does is improve working capital?

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Due

MAY 12, 2023

Are you one of the many Americans performing remote work during retirement? Remote work is an attractive option for older folks because of its flexibility and convenience. However, it can be difficult sometimes to stay focused when working from home. In this article, you’ll find several tips on ways to be better focused on your job, such as having a dedicated workspace, creating your schedule with intention, and practicing quality self-care.

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incfile

MAY 8, 2023

There are many do’s and don'ts when it comes to naming your business, and we’ve compiled some of the most important to get you started.

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TreviPay

MAY 10, 2023

As digital transformation initiatives have moved from early adopter industries to more mainstream sectors like manufacturing and hospitality over the past few years, there’s been a renewed focus on both identifying which existing processes can be made more efficient with technology – and also how technology can enable new offerings, customer experiences or routes to market.

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Order to Cash Transactions 83

Accounting Department

MAY 12, 2023

Our AccountingDepartment.com family is proud of its vibrant and diverse “cast of characters”—we span the country with our team members coming from all backgrounds and personalities. Included among our team are some amazing Military Spouses whose hard work, dedication, and contributions are part of what makes our family so strong—and theirs as well.

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Enterprise Recovery

MAY 12, 2023

Debt collections may not be the most enjoyable part of back office operations, but it's absolutely necessary. Unfortunately, some of your business clients will miss a payment or more due to various reasons. If you've signed an agreement and fulfilled your part, they still owe you. What happens when business debt goes to collections?

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Debt Collections 77

Due

MAY 6, 2023

Nobody can predict the future, but all parents and guardians know one thing for sure — your child or children are expensive and will need money to thrive into adulthood. Assuming you are financially secure to save for your children, countless account types, strategies and resources are available to help secure a nest egg and keep kids from worrying about life’s necessities.

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Brokerages Deductions Credit Scoring 75

incfile

MAY 8, 2023

Virtual addresses can be used for LLCs, as they are real street addresses that are used for mailing purposes.

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Accounting Department

MAY 9, 2023

We are thrilled to share that AccountingDepartment.com has been selected for inclusion in the Inc. Best Workplaces list, for the second year in a row. This 2023 recognition is a true testament to our accomplishments around the workplace we have created. We are grateful for the privilege of being acknowledged as an Inc. Best Workplace for back-to-back years and we extend our appreciation to our entire staff, who make it such a wonderful place to be every day.

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The Red Spectrum

MAY 9, 2023

A high credit score is necessary in today’s society to obtain credit, loans, and other financial services. It is a sign of a person’s credit history and how likely they are to repay loans they have taken out. We’ll provide you with step-by-step instructions in this blog on how to establish credit and raise your credit score. Understanding Credit Score Understanding what a credit score is and how it is calculated is crucial before beginning the steps of building credit.

Credit Scoring 74

Credit Scoring Bankruptcy Default 74

Business Credit

MAY 8, 2023

Best Business Credit Cards for Real Estate Investors What are the best business credit cards for real estate investors? In today’s post we’ll unpack how business credit cards can help you operate your real estate business more efficiently and effectively. One powerful way to use business credit cards as a real estate investor is to […] The post Best Business Credit Cards for Real Estate Investors appeared first on Business Credit.

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Cpcmcredit Blog

MAY 10, 2023

The simple answer is yes and here’s why A client of mine has appointed a new CEO. My client is in good financial shape and does not at present use financing but they have some large corporate clients who are sluggish payers. Nothing new there of course Most of their work is short term projects which have to be completed at various stages before payments are made.

Credit Risk 69

Credit Risk 69

Accounting Department

MAY 8, 2023

There are three documents that public companies must file quarterly: the balance sheet, the cash flow statement, and the profit and loss statement. Although private companies aren’t required to submit these forms, they are still recommended to provide a good snapshot of current conditions for business owners to always be aware of the health of their business.

Small Businesses 73

Small Businesses 73