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

Credit and Collections 100

Credit and Collections Third Party Collections Bankruptcy Bad Debt 100

RMAi Blog

OCTOBER 4, 2024

On October 1 st , 2024, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra announced actions to reduce the burden of medical debt and address medical debt collection practices in a coordinated event with the White House. The video of the White House event can be found here. Director Chopra’s prepared remarks can be found here. Prior to the event, the CFPB issued guidance to remind debt collectors of their obligation to comply with the Fair Debt Collection Practices Act and Regulat

Medical Billing 130

Medical Billing Collector Debt Collections Credit and Collections 130

Your Virtual Credit Manager

OCTOBER 2, 2024

Accounts Receivable (AR) reflect a promise of payment at a future date. Though a paper asset, AR competes with Property, Plant and Equipment as well as Inventory for being the largest line item on a company’s balance sheet. As such, AR is an extremely valuable component of every firm’s working capital and a major source of collateral. (Photo by Roman Kraft on Unsplash ) Moreover, are you aware that you can convert an individual Account Receivable into cash, and receive payment just a

Past Due Invoices 130

Past Due Invoices Credit and Collections Deductions Accounts Receivable (AR) 130

TreviPay

OCTOBER 2, 2024

Connecting the Dots in B2B Payments: Inside TreviPay’s Crossroads Conference TreviPay’s Crossroads event is more than just a conference — it’s a premier gathering for professionals in the B2B payments space, where innovation meets opportunity. This year’s event in Kansas City promises to explore the future of B2B payment solutions while addressing the most pressing industry challenges.

111

111

Due

OCTOBER 3, 2024

The Department of Justice (DOJ) has announced the largest-ever crackdown on pharmaceutical opioids and commonly abused prescription drugs to an estimated street value of 1.3 billion dollars. In a sweeping statement, the DOJ unsealed charges against five pharmaceutical distributor executives, sales representatives, and brokers. These charges have been carried out in several states, including the Southern District of Texas, the Southern District of Florida, the Eastern District of Missouri, and th

98

98

Accounting Department

OCTOBER 3, 2024

To kick off this year's series of Entrepreneurs' Organization (EO) events, ADC Business Development Representative, Shawn Marcum, attended EO Alchemy in Denver, CO last week.

78

78

TreviPay

OCTOBER 3, 2024

Day One of TreviPay Crossroads began with high energy and a clear focus on the evolving landscape of B2B payments. The morning main stage sessions laid the groundwork for a day filled with forward-thinking discussions, exploring the forces reshaping B2B fintech, from globalization and technological advancements to sector-specific challenges and opportunities.

Transactions 98

Transactions 98

Enterprise Recovery

OCTOBER 4, 2024

Effective debt recovery is a cornerstone of financial management. Without an efficient approach to collecting outstanding debts, businesses can suffer from cash flow issues, leading to operational challenges and potential financial instability. Skilled debt recovery ensures that the company can maintain its liquidity, meet its financial obligations, and reinvest in growth opportunities.

Debt Collections 71

Debt Collections 71

Accounting Department

OCTOBER 2, 2024

Unlock the secrets to Software as a Service (SaaS) success by mastering these essential KPIs, which serve as the foundation for understanding and optimizing your business performance. By focusing on these key performance indicators, you can gain valuable insights into customer behavior, financial health, and operational efficiency, ultimately driving growth and ensuring long-term sustainability in the competitive SaaS landscape.

Small Businesses 79

Small Businesses 79

CreditStrong for Business

OCTOBER 8, 2024

Getting a car can make a huge difference in your quality of life, job, and wallet. So it makes sense why there’s an urgency around buying a car even if it’s more difficult because of your credit history. How To Get A Car Loan With Bad Credit Car shopping with bad credit is difficult. You go in expecting a sky-high interest rate or an outright denial for the car you really wanted.

Credit Scoring 52

Credit Scoring Credit Unions 52

Reorg Blog

OCTOBER 8, 2024

The post Spirit Airlines CCO Matt Klein ‘Very Pleased’ With New Initiatives; Company Will Be ‘Telling Its Story Publicly’ for 1st Time Through Advertising Campaign as It Confronts Bankruptcy Headlines appeared first on Reorg.

Bankruptcy 52

Bankruptcy 52

Due

OCTOBER 8, 2024

One of the most important financial goals you will ever have is saving for retirement. Despite this, many people struggle to save enough money for retirement due to rising living costs, unexpected expenses, and a lack of clear financial planning. As a result, you might find yourself falling behind. Even if your retirement savings aren’t enough, don’t beat yourself up about it.

Brokerages 52

Brokerages Deductions Credit Unions 52

TreviPay

OCTOBER 2, 2024

OVERLAND PARK, Kan., October 2, 2024 — TreviPay , the most-trusted B2B payments and invoicing network, today announced a new strategic partnership with Allianz Trade the global leader in trade credit insurance. This collaboration will provide the option to integrate Allianz Trade’s credit insurance into TreviPay’s suite of trade credit and invoicing solutions, providing enhanced risk management enabling funding capabilities to businesses worldwide.

Bad Debt 64

Bad Debt DSO Credit and Collections Transactions 64

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.

Small Businesses 59

Small Businesses 59

CreditStrong for Business

OCTOBER 8, 2024

Perhaps you just got to the United States and aren’t familiar with the credit system yet. So you have no credit history, but you still need a car to make it to work. Maybe you’re a young car buyer who recently graduated and needs a car, but you haven’t built any credit history. When you’ve asked someone to cosign for you, they can’t or won’t. It can feel frustrating to try buying a car with no credit history or cosigner.

Credit Scoring 52

Credit Scoring Credit Unions Default Insurance Companies 52

Reorg Blog

OCTOBER 8, 2024

The speed and aggressiveness with which Spirit Airlines is transforming is noteworthy, as it suggests that they may not yet be resigned to a near-term bankruptcy.

Bankruptcy 52

Bankruptcy 52

TMC Financing

OCTOBER 7, 2024

Berkeley, CA – Owning commercial real estate can be a game-changer for small businesses, providing stability, growth opportunities, and long-term financial security. For Jessica Lasky, the owner of Jessica Lasky. The post Cooking Up Success: How SBA 504 Loans Transformed Jessica Lasky Catering’s Future appeared first on TMC Financing.

Small Businesses 52

Small Businesses 52

lsq

OCTOBER 7, 2024

ORLANDO, Fla. (October 8, 2024) – LSQ, a leading provider of working capital and payments management solutions, recently originated a $2.5 million accounts receivable credit facility for a California-based telecommunications hardware company. As part of the partnership, LSQ will also provide the company with comprehensive accounts receivable and customer credit management.

Credit and Collections 52

Credit and Collections Bankruptcy Credit Management 52

Due

OCTOBER 7, 2024

A former Las Vegas city councilwoman has been convicted for her part in a fraud case that saw charity funds used for personal purposes. According to the Justice Department , Michele Fiore, the named former state official, was found guilty of a half-dozen felony charges. These charges related to the illicit use of funds that were intended to erect a statue of service people who had died in the line of fire.

52

52

Cpcmcredit Blog

OCTOBER 7, 2024

ISG’s collapse is going to have severe implications for their many suppliers so out of interest, I discussed the current mood within the insurance market with a long term and very well informed broker of credit insurance The first point of course is that Credit insurance would mitigate any losses. Obtaining cover in the market was not impossible for this particular contractor but limits have been very restricted.

Credit and Collections 52

Credit and Collections 52

Reorg Blog

OCTOBER 7, 2024

The post United Site Services Non-Pro-Rata LME Transaction Is Closer to Less Aggressive End of Value Transfer Spectrum; Transaction Raises $300M in New Money but May Not Delever Co. or Reduce Cash Interest Burden appeared first on Reorg.

Transactions 52

Transactions 52

Grit

OCTOBER 7, 2024

As the holiday shopping season approaches, small businesses are gearing up for one of the year’s busiest shopping days – Black Friday. This is a prime opportunity to attract new customers and boost sales, especially on platforms like BigCommerce. This blog post will explore the best Black Friday deals for small businesses using BigCommerce.

Small Businesses 52

Small Businesses 52

TreviPay

OCTOBER 4, 2024

Day two of the TreviPay Crossroads Conference built on the momentum of day one, diving deeper into the evolving demands of B2B buyers, the pivotal role of experience design in fostering loyalty and the importance of networks in driving innovation. The sessions offered rich insights for attendees, focusing on how to align business strategies with the shifting landscape of B2B payments and buyer expectations.

Transactions 52

Transactions Order to Cash 52

Due

OCTOBER 7, 2024

A Florida boatmaker has been hit with $300k in labor penalties after failing to address workplace risks. The Department of Labor had previously visited Blacktip Boatworks LLC, based in Pinellas Park, Florida, but the shipwright failed to heed their many concerns about the workplace standards in place. Because of the inspection, Blacktip now faces four failure-to-abate, two serious, and three repeat violations, as well as one other-than-serious violation.

52

52

TMC Financing

OCTOBER 4, 2024

The Small Business Administration (SBA) recently released a new SOP (Standard Operating Procedure 50 10 7.1), which includes changes that make the SBA 504 Refinance Program even more obtainable. The. The post Regulation Updates: SBA 504 Refinance Program appeared first on TMC Financing.

Small Businesses 52

Small Businesses 52

Reorg Blog

OCTOBER 7, 2024

The post European High-Yield Bonds 2024 Half-Year Wrap: Resurgent Market Yields Mixed Covenant Terms in Value Leakage, Calculation Flexibilities appeared first on Reorg.

52

52

CreditStrong for Business

OCTOBER 4, 2024

Revenue-based financing is an alternative to the conventional debt- and equity-based financing models. If your business has recurring revenues, you can use it to generate capital without taking on fixed debt payments or giving up shares of your company. Here’s what you should know about revenue-based financing to determine whether it makes sense for your business, including how it works, how much it costs, and how well it stacks up to the more traditional options.

Credit Scoring 52

Credit Scoring Default Small Businesses 52

Emagia

OCTOBER 4, 2024

With the advent of ChatGPT and other AI technologies in 2023, businesses began to reimagine processes that were traditionally human-driven. Studies in the shared services space reveal a massive shift in the mindset of CFOs and shared services leaders—digitization is widely regarded as the path forward, according to Mark Harrison, founder and CEO of consulting firm Callisto Grand.

Shared Service 52

Shared Service Global Business Services Invoice Disputes Shared Service Center 52

Due

OCTOBER 4, 2024

Over the past three decades, farmland has emerged as a surprisingly robust and consistent investment vehicle, outperforming traditional investment options such as the S&P 500, real estate, gold, and bonds. This article delves into the reasons behind this trend, the dynamics of supply and demand that have fueled it, and why farmland investments remain relatively unknown in the mainstream financial advisory sector.

52

52

Grit

OCTOBER 3, 2024

Automation leverages technology to streamline repetitive tasks, making operations more efficient and less prone to error. As the eCommerce sector grows increasingly competitive, automation becomes crucial in helping businesses save time, enhance accuracy, and improve overall efficiency. This guide delves into the key benefits of an automated eCommerce store , offering insights into how it can transform your business and boost its performance.

Collections Automation 52

Collections Automation Transactions 52