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How was your accounts receivable (AR) performance last year? This is a very important question because AR is typically one of the top two or three largest assets for a B2B vendor. The primary way most companies measure AR performance involves looking at the Days Sales Outstanding (DSO) metric. Accelerating sales can increase DSO, but most often the cause is problems in the order-to-cash (O2C) pipeline affecting collections.
The Court of Appeals of Wisconsin, District I, recently held that the National Bank Act does not preempt the Wisconsin Consumer Acts requirement to send a notice of right to cure to a borrower in default prior to filing a collection action. Bank of America., N.A. v. Riffard , No. 2023AP125, 2025 Wisc. App. LEXIS 157 (Feb. 18, 2025). BACKGROUND A Wisconsin borrower defaulted on two credit card accounts issued by a national bank.
Our February blog post is going to introduce and outline our upcoming five-part series on claim denials. Experians Health Report for 2024 had nearly three out of four respondents stating their claims denials have gone up, versus less than half of respondents only two years ago. Almost 40% of the respondents said their claims are denied 10+% of the time, while 11% of the respondents received denials at least 15% of the time.
Managing accounts receivable can be challenging, but having a structured approach to writing collection reminders can make a significant difference. Many businesses that have embraced automated tools such as payment reminder software are able to simplify this process with dunning emails and late payment reminder templates that ensure consistency, save time, and improve efficiency.
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.
While the national inflation level is at 2.9%, it certainly doesn’t feel that way for many Americans. In February 2025, egg prices have risen again, but this time, to record breaking highs. Egg Prices Rise Yet Again The price of eggs has increased a whopping 53% year over year in January, which is far beyond the average food price increase, which was just 2.5%.
This article covers these key topics: The importance of well-crafted credit memos Effective credit memos are clear Concise credit memos speed decisions Focus on providing relevant repayment and credit risk info Best practices for writing a credit memo Done right, a credit memo supports sound credit decisions and tells a clear, fact-based story that stands up to scrutiny months or years later.
This article covers these key topics: The importance of well-crafted credit memos Effective credit memos are clear Concise credit memos speed decisions Focus on providing relevant repayment and credit risk info Best practices for writing a credit memo Done right, a credit memo supports sound credit decisions and tells a clear, fact-based story that stands up to scrutiny months or years later.
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.
UATP Announces Launch of Latest Issuer, TreviPay New Solution to Offer Customizable, Global Support Tailored to Local Market Needs Washington, DC, 18 March 2025 UATP , the global network that enables organizations to simplify payment processes and expand their payment capabilities, announced today the launch of its newest Issuer, TreviPay , designed to provide fully outsourced issuing capabilities for intermediaries and airlines globally.
The role of financial strategy in business success has never been more apparent. With increasing financial complexities, regulatory challenges, and an unpredictable economic environment, small and medium-sized businesses (SMBs) are discovering the critical value of CFO support services.
To kick off 2025, Loomis Sayles will feature forward-looking views on key segments of the fixed income market. Seasoned experts with knowledge and experience in each sector will answer three questions that drill into major themes for the year ahead. Keep an eye out for each installment as the series rolls out over the next few weeks. To set the stage, were starting with Craig Burelle, Global Macro Strategist, Credit, and his views on the macro backdrop. 1.
Table of Contents Can you get a business loan with no credit check? The pros and cons of a small business loan with no credit check Business loan options with low credit score requirements Borrowing with Credibly and our low credit score requirements Explore your flexible financing options Looking for business loans with no credit check? Most lenders will perform credit checks to assess creditworthiness, however, how your credit is weighted on the application will vary based on the type of le
In order to manage the risk of extending trade credit, vendors need to collect information on their business customers. What they do with that information after making a credit decision is not a trivial matter. When those records were paper-based, the primary concern was access control. Now that digitalized records are the norm, customer privacy can be more easily breached by both internal and external bad actors.
Cincinnati, OH The law firm of Slovin & Associates Co., LPA is proud to announce the promotion of Brad A. Council to managing partner, marking a new chapter in the firms continued success. In recognition of this leadership transition, the firm is also unveiling a new name: Slovin & Council, Co. LPA. Randy T. Slovin, the firms founder and previous managing partner, will remain with the firm as a consultant, offering his expertise and guidance during this next phase of growth.
March has arrived! As we approach Spring, we have been working on key updates for our users and helping businesses to adapt to the new UK Interest Rate. Read all about what weve been up to below! Sign Into Know-it on Mobile! In February we made an exciting announcement to make your Know-it experience even better! Know-it is now available on your phone browser meaning you can manage your credit control on-the-go.
A proactive B2B payment reminder sent before the due date is the most effective method for ensuring timely payment of invoices. Even so, businesses sometimes arent able to pay on time for a variety of reasons. Sending a payment reminder for business helps ensure that clients are aware that a due date has passed and that the invoice is outstanding. In certain cases, youll also need to follow up with a past due invoice email.
Eva Roberts, a 65-year-old Riverhead resident, is supposed to be entering her golden years. But the reality is different for her. Born in 1959, she wont qualify for full Social Security benefits until May 2026, two months before she turns 67. While uncertain whether she will apply forbenefits then, Roberts knows she will need to continue transporting students as a Riverhead Central School District driver to support herself.
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
It can be easy to get frustrated and make assumptions about why your invoices aren't being paid on time. The problem is that your frustration doesn't solve or prevent the situation from happening. After years of recovering delinquent debt for B2B clients, we've identified many reasons behind late or unpaid invoices. Read on to discover the reasons behind unpaid invoices and how to tackle them effectively.
Your choice of legal entity structure has significant implications for your business. Most importantly, it affects the taxes on your earnings and the degree to which you and any other owners are personally liable for your businesss debts. Heres what you need to know about the differences between operating as a sole proprietor vs. a limited liability company (LLC) vs. an S-Corp to decide which one is right for your business.
In the current competitive environment, small and medium-sized businesses (SMBs) must leverage every possible advantage to succeed and expand. Forecasting is a powerful tool that can greatly influence a company's financial success.
1. Whats your overall view of the high yield market as we enter the year? High yield bond investors have enjoyed a good run over the past couple of years, thanks to attractive all-in yields, tightening spreads and broadly stable credit fundamentals. Looking ahead, the fundamental picture continues to look solid, supported by a positive earnings backdrop and a resilient US economy.
The healthcare industry is undergoing an AI-driven transformation, and revenue cycle management (RCM) leads the charge in many ways. As teams strive to reduce denials, increase cash flow, and streamline processes, implementing AI in healthcare RCM is essential. In fact, organizations are already leveraging AI to: Eliminate 80% of manual work Increase point-of-service payments 30% , and Rebill $5.9 million in missing charges.
In too many organizations, credit and collection decisions are compromised by the fog of war. Gathering all the details needed to inform a decision becomes a time-eating burden. For example: to make an effective collection call, you need to know who to contact, the AR status and AR details of the account, if there are any disputes, and what prior efforts have been made to collect the balance due.
Financial community comes together on practical ways to support people in debt NORFOLK, Va., Feb. 20, 2025 PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, and StepChange , the UKs largest debt advice charity, recently partnered to highlight issues impacting people in debt in the United Kingdom. On behalf of the two organizations, The Viscount Chandos hosted a key roundtable debate in the House of Lords chaired by Credit Services Association (CSA)
Manual processes at small and mid-sized businesses (SMBs) are costing $600 billion globally. Administrative financial tasks like accounting, payroll, invoice processing and more take up a significant portion of time for already-stretched SMBs (PYMNTS). As SMBs navigate an increasingly complex financial landscape in 2025, efficiency isn't just desirableit's essential.
Digital transformation and company expansion are great, but if you dont take the proper security precautions, you can find yourself a victim of fraud. Accounts receivable fraud is becoming an increasingly pressing threat for businesses of all sizes, especially companies that grow or make a lot of changes. This article examines the rising threat of fraudulent activities targeting accounts receivable, the necessity of a robust fraud prevention strategy, common fraud schemes that businesses must be
The relationship between price-to-earnings (P/E) ratios and future stock market returns provides valuable insights for investors seeking to understand market valuations. Historical data demonstrates a clear correlation between P/E ratios at any given time and the subsequent five-year investment returns. The P/E Ratio as a Market Indicator P/E ratios serve as a fundamental metric for assessing whether stocks are expensive or inexpensive in the market.
Document and be able to defend qualitative factors under CECL Financial institutions need to be able to explain and show how they developed Q factors for their allowance for credit losses. Modifications to the CECL calculation should be reasonable, supportable, and audit-ready. Key topics covered in this post: What are qualitative factors under CECL?
By mastering cash flow management, businesses can avoid the pitfalls of cash shortages, which can lead to operational disruptions and missed opportunities. Optimizing working capital, a key component of cash flow management, can significantly enhance your business's ability to thrive in a competitive market. Proper management of working capital and cash flow means your business has the necessary liquidity to cover short-term expenses, invest in growth initiatives, and seize new market opportunit
The sudden return of student loan payments may aversely affect your credit score in a number of ways. If youve been relying on credit cards or loans to make ends meet, you may see your credit utilization rate rise, which will bring your score down. And if youre dealing with missed payments or higher-than-usual debt, your credit score may take a major hit.
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February 2025 TMC Financing, the nations leading SBA 504 lender, is pleased to announce the addition of Andrew Erickson, Senior Vice President, Business Development Officer, serving the Inland Empire. The post Andrew Erickson Joins TMC Financing to Support Small Businesses in the Inland Empire appeared first on TMC Financing.
Spring has arrived! This month there have been key financial updates from the UK government after the release of the Spring Statement. Find out what’s been happening and what it means for your business below. UK Government Releases Spring Statement Wednesday 26 th March, saw the release of the UK governments Spring Statement. This announcement gave Chancellor of the Exchequer Rachel Reeves an opportunity to update the nation on progress made since the last budget in October 2024.
We often talk about the importance of having an efficient and effective collection process and how, from a process improvement perspective, collections automation provides substantial benefits. We don’t, however, want to minimize the importance of the credit side of the equation. As discussed in a recent post , gathering customer information doesn’t stop with the credit application.
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