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Wed all agree that writing effective collection letters is a balancing act between ensuring you receive payment in full and maintaining a positive working relationship with your customers. You dont want your correspondence to end up thrown to one side, added to a stack of unread post, because the seriousness of the matter wasn’t made clear to the reader; but you also dont want to alienate your customers through poorly worded warnings that sound threatening.
CRE origination, refinancing, and pricing challenges Experts from Trepp and Abrigo describe recent origination and delinquency trends in commercial real estate portfolios. They also share tips for managing risk and pricing. Key topics covered in this post: The big-picture view of CRE from Trepp Trepp bank consortium originations are 58% below pre-COVID averages Rising delinquency rates, especially in specific markets How to manage CRE risk and pricing Changes in the commercial real estate marke
The financial industry is going through major changes driven by advancements in artificial intelligence (AI) and natural language processing (NLP). These technologies are revolutionizing document processing, transforming how financial institutions manage data, ensure compliance, and make strategic decisions. In this article, we explore how NLP and AI are shaping the future of finance and why businesses must embrace these innovations to stay competitive.
For entrepreneurs and SMB owners, accounting is the backbone of a healthy business. Without accurate and reliable accounting practices, even the most successful companies can find themselves in turmoil.
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
ORLANDO, Fla. (January 22, 2024) LSQ, a leading provider of working capital and payments management solutions, recently originated a $2 million accounts receivable credit facility for a Georgia-based staffing firm serving lodging and hospitality industry. The facility presents a landmark milestone for LSQ, as the funding was the result of a new partnership between LSQ and Bridge.
Catch up on the insights shared during Day 1 of the inaugural TreviPay Crossroads Conference. Watch on-demand recordings of key sessions featuring industry experts discussing trends, strategies and real-world examples in B2B payments, finance and eCommerce. Featured Sessions: Welcome Address: The Year of B2B TreviPay CEO Brandon Spear kicks off the conference, discussing why 2024 marked a pivotal moment for B2B payments and commerce.
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Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
Catch up on the insights shared during Day 1 of the inaugural TreviPay Crossroads Conference. Watch on-demand recordings of key sessions featuring industry experts discussing trends, strategies and real-world examples in B2B payments, finance and eCommerce. Featured Sessions: Welcome Address: The Year of B2B TreviPay CEO Brandon Spear kicks off the conference, discussing why 2024 marked a pivotal moment for B2B payments and commerce.
The healthcare industry is abuzz with the recent finalization of the CFPB rule removing medical bills from credit reports. Rightfully so, as it removes a key piece of leverage in the collection of medical debts. However, ACA International has already filed a lawsuit against the rule, arguing overreach beyond the CFPBs regulatory authority. In light of the delay in implementation this will likely cause, our January blog post will review noteworthy recent regulatory changes in various states acros
Communities thrive when organizations step forward to create meaningful connections and support local initiatives. Latitude by Genesys, a leading debt collection software provider, recently demonstrated this by sponsoring the 10th Annual Springs Run, an event dedicated to raising funds and awareness for The Florida Springs Institute. Held at First Magnitude Brewing in Gainesville, Florida, the Springs Run drew participants from across the state to celebrate and support the preservation of Florid
Large swaths of the order-to-cash (O2C) process involve credit and collection activities. Broadly defined, the credit’s contributions involve approving new customers for open terms and new orders at the front end of the O2C cycle. Further credit and collection contributions involve monitoring risk in the accounts receivable (AR) portfolio and collecting from customers who don’t pay on time, both of which are post-sale activities.
Financial reporting has always been a critical pillar of effective business management. It's the roadmap that guides decisions, uncovers opportunities, and highlights risks. However, in a fast-evolving economic landscape, relying solely on monthly reports or quarterly financial statements is slowly becoming obsolete.
The U.S. healthcare system loses $350 billion to administrative waste annually , as denial rates continue to rise in number and complexity. In fact, estimates show that hospitals and health systems spend $20 billion annually trying to overturn denied claims. But providers are elevating productivity and precision with Waystar Altitude AI to ascend toward their goals, while combating ongoing turbulent topics like rising denials, high costs, and surging transaction volumes.
Orion Capital Solutions, a nationally licensed collection agency based in Orchard Park, NY, continues to demonstrate its dedication to community empowerment through its recent contribution to the Boys and Girls Club. This initiative underscores Orions commitment to fostering youth development and creating brighter futures for young people in the communities it serves.
TICO buyers in the U.S. and Canada will have access to pay on invoice with 30-day interest-free payment terms, meeting key payment preferences of corporate buyers OVERLAND PARK, Kan., January 22, 2025 TreviPay , the most-trusted B2B payments and invoicing network, today announced a partnership with TICO Manufacturing , a North American pioneer in fleet services, terminal services and terminal tractor manufacturing, to power its net terms program.
According to multiple respected market indicators, current stock market valuations have reached unprecedented levels, suggesting potential risks for investors who maintain exclusively stock-focused portfolios. This analysis examines the market through two significant valuation metrics that point to historically high stock prices. The Warren Buffett Indicator The Warren Buffett Indicator, known for its straightforward approach, compares the total value of U.S. companies to the country’s ove
Understanding the differences between business and consumer debt collections can profoundly influence your approach to developing an effective recovery strategy. This knowledge allows you to tailor your methods to suit the specific type of debt you are dealing with, ensuring that you employ the most appropriate techniques and adhere to relevant regulations.
By Michael Kane, J.J Marshall & Associates We all want to believe that our data security is bulletproof, that we have taken all the necessary measures to protect our systems and data, both proprietary and consumer, and that we are keeping this data private. We have the best hardware and software solutions in place and top-notch, more-than-competent CISOs and IT personnel on constant alert.
Taking a vacation is often a well-deserved break, but for financial crime professionals, it can trigger significant stress. Fraud and AML/CFT suspicious activity monitoring is a cornerstone of any AML program and a critical part of a financial institutions safety and soundness. However, compliance departments are frequently understaffed. Unexpected disruptions like turnover or family leave can exacerbate an already challenging workload for staff.
Five Critical Cybersecurity Questions to Ask Your Medical Claims Clearinghouse Home / January, 20 2025 Author: Diana Allen, PhD, Chief Executive Officer, The SSI Group, LLC In the healthcare industry, medical claims clearinghouses play a vital role in processing and transmitting sensitive patient data. However, this critical position also makes them prime targets for cyberattacks.
The digital nomad lifestyle offers a blend of freedom and flexibility. It allows individuals to work remotely from any location without interfering with their daily tasks. People consider this alternative when they want to escape their mundane 9-to-5 routine. As a concept, the digital nomad lifestyle has gained popularity in recent years. Thanks to the wonders of modern technology, people can travel anywhere and work without disruption or limitations.
January 24, 2025 (Sacramento, CA) Flock Financial, LLC, (Flock or the Company), a leading financing partner to middle market receivables management and consumer finance companies active in the purchase, sale, and collection of performing and nonperforming receivable assets, is pleased to continue its support and ongoing commitment to the Debt Buying and Accounts Receivable Management (ARM) industry by sponsoring the Receivables Management Association International (RMAI) Annual Conference, occu
The recent wildfires in Southern California have caused significant damage, displacing residents, devastating properties, and disrupting businesses. During this challenging time, there are several programs and resources available to. The post California Wildfire Recovery Resources for Businesses and Individuals appeared first on TMC Financing.
In todays fast-paced business world, companies are continually striving to improve operational efficiency and reduce costs. One critical area where businesses can achieve significant improvements is in procurement. A key component of procurement is handling purchase orders (POs), which contain essential details about the goods or services a business intends to buy.
You may not have known that Brazil is one of the largest exporters of beef in the world. Many developed countries such as the US and Japan, however, generally don’t import large amounts of beef from Brazil due to sanitary concerns. Recently, however, Brazil seems to have increased the sanitary and safety standards of the beef industry, and is in serious conversation with Japan about exporting large amounts of meat.
Strengthening Community Ties As a company founded by U.S. Veterans Jacob Torriere and Joseph Torriere , Spire Recovery Solutions mission extends beyond resolving financial challenges to fostering meaningful connections within its community. In the fourth quarter of 2024, Spires contributions to three impactful organizations highlight its commitment to making a difference.
The financial landscape for small businesses is shifting rapidly, presenting both challenges and opportunities. After some recent economic disruption, many businesses are now facing high demand for their products and services. While this surge is promising, it also creates new hurdles: securing the capital needed to scale operations, hire staff, and meet customer demand.
In the digital age, businesses are moving away from manual processes and adopting automation tools to streamline their operations. One of the most important aspects of this transformation is Invoice Data Extraction. This powerful tool helps companies handle large volumes of invoices with accuracy and speed. In this blog, well dive into the ins and outs of invoice data extraction, how it works, its benefits, and how it can drastically improve your business’s financial workflows.
The consumer packaged goods (CPG) market has historically been inclined toward tremendous growth, and thanks to AI, it shows no signs of slowing. Given that its worth billions in the United States alone, the CPG industry has fueled a tremendous sense of competition between brands. Yet it can be hard for a company within this crowded space to stand out.
According to a survey of 4000 CEOs conducted by PWC having “leapfrogged”over India china and Germany This is of course welcome news at what is a difficult time and maybe a surprise to many of the naysayers? And without wishing to bring up Brexit once again (ill always emphasise I was pretty neutral), this is very contrary to claims made and continuing to be made by those who haven’t quite accepted the decision “The PwC survey cheered the findings as a vote of confidence i
Welcome to a special episode of the Beyond the Transaction podcast! Following the success of our TreviPay Crossroads Conference the premier B2B payments eventweve invited some of our favorite speakers back for a post-conference discussion. In this episode, we sit down with Bob Cohen and Rebecca Meeker from Mastercard, who share their insights from Crossroads and dive deeper into the evolving B2B payments landscape.
The debt collection industry, often marked by inefficiency and strained relationships with customers, is undergoing a profound transformation powered by artificial intelligence (AI). AI is not only streamlining operations but also fostering a more personalized and empathetic approach to debt recovery. In this article we share some highlights of the multifaceted benefits of integrating AI into debt collection, including automation, data-driven strategies, and improved customer experience.
Retirement. Its a word that evokes images of relaxation, travel, and enjoying the fruits of your labor. However, you need a solid financial foundation before fully relaxing and enjoying your golden years. And at the center of that foundation lies diversification. You can think of your retirement savings as a garden. You wouldn’t plant all your seeds in one place, would you?
In todays fast-paced business environment, achieving financial accuracy is critical for maintaining stakeholder trust and ensuring compliance with accounting standards. One cornerstone of accurate financial reporting is the matching principle in accounting, a concept that ensures revenues and expenses are recorded in the same period. But how does this principle align with the technological advancements in accounts receivable (A/R) automation?
Running a small business can be both rewarding and challenging. One of the biggest hurdles small business owners face is managing cash flowthe lifeblood of any business. A healthy cash flow ensures you can cover expenses, invest in growth, and weather unexpected challenges. For 2025, small business owners face several emerging and evolving cash flow challenges influenced by areas such as economic shifts, regulatory changes, and industry trends.
In todays fast-paced financial environment, managing and analyzing large volumes of data has become more complex than ever. Among the most critical tasks for both businesses and individuals is bank statement extraction , a process that allows you to extract crucial financial data from your bank statements and convert it into a structured, usable format.
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