RMAi Blog

SEPTEMBER 16, 2024

CHANDLER, AZ – National Credit Adjusters, a receivables acquisition and management firm headquartered in Hutchinson, KS with a satellite location in Chandler, AZ, was pleased to continue support of an annual water drive spearheaded by the team in the Chandler office. Due to the desert climate, Chandler, AZ has an average temperature of a sweltering 107 degrees in July, taking a toll on the unfortunate during the summer.

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Credit and Collections 162

Your Virtual Credit Manager

SEPTEMBER 17, 2024

For small business executives, and many mid-sized businesses as well, managing collections effectively can be a significant challenge, particularly when time and resources are limited. With so many competing priorities, it’s easy for receivables to take a backseat to other pressing operational tasks. However, failing to dedicate sufficient time and effort to collections can quickly lead to cash flow problems, disrupting the ability to pay suppliers, invest in growth, or even meet payroll.

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Credit and Collections Accounts Receivable (AR) Bad Debt Credit Risk 100

Abrigo

SEPTEMBER 17, 2024

Manage the impact of interest rate cuts at your institution These five tips from Abrigo expert Dave Koch will help banks and credit unions prepare for a rate drop. You might also like this on-demand webinar, "Navigating uncertain times: Strategies for effective risk management and compliance." WATCH Takeaway 1 As financial institutions anticipate rate cuts, many are questioning how to structure their lending and ALM strategies accordingly.

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Credit Management Group UK

SEPTEMBER 15, 2024

We have recently introduced three new live online training courses. Our second one we would like to introduce is specifically for the Construction Industry. There is currently and introductory offer of £99 + vat. How to get paid in Construction Who will benefit? The course would be most beneficial for employees working in Account departments, project managers working for suppliers and sub-contractors to the construction industry.

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Speaker: Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

Cash Applicator

Enterprise Recovery

SEPTEMBER 13, 2024

Outstanding invoices can be devastating to businesses of any size. The ripple effects of unpaid invoices can lead to cash flow problems, making it difficult to cover operational costs, pay employees, or invest in growth opportunities. Small businesses often lack the financial cushion that larger enterprises might have. However, even large corporations are not immune; accumulating unpaid invoices can disrupt financial planning and hinder strategic initiatives.

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Small Businesses Debt Collections 82

Due

SEPTEMBER 16, 2024

A federal grand jury has indicted a film producer and his accountant for concealing millions of dollars in earnings. The prosecution alleged that film producer Nigel Sinclair and his accountant, Anthony Stewart, did not declare earnings to the IRS. These earnings allegedly cost the IRS $5m in earnings taxes. IRS Criminal Investigation is investigating the case, with assistance from the Joint Chiefs of Global Tax Enforcement (J5), which is a concentrated effort by the tax authorities of Australia

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Accounting Department

SEPTEMBER 19, 2024

The month-end is coming up and that means it is time to close. A monthly close can be a laborious process that is dreaded by some accounting and finance departments, but it doesn't have to be that hard!

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Small Businesses 58

Know-It Global

SEPTEMBER 18, 2024

As a UK business owner, it’s crucial to ensure that your invoices are comprehensive, clear, and legally compliant. A well-prepared invoice not only facilitates prompt payment but also serves as a vital document in case of disputes. Here’s what you should include in your invoice, along with tips on how to write it to make it as complete as possible.

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Plooto

SEPTEMBER 19, 2024

Regardless of your hesitations, investing in technology can save you and your team a lot of unnecessary headaches. If you’re on the fence, read these five key reasons why payment automation is worth the investment.

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Finance Transformation Myths Busted Over 75% of organizations struggle to define the right success metrics to benchmark the impact of their finance transformation investment. Whether you are just initiating your digital transformation journey or planning to pitch your next AI project to leadership, without the right metrics and a rigorous tracking process - all your efforts might go to waste!

AR Metrics

RMAi Blog

SEPTEMBER 12, 2024

Regina M. Slowey has joined Barron & Newburger, P.C., expanding the firm’s footprint into Michigan. She has taken on the position of President and CEO of the firm. With Ms. Slowey’s strong background in managing legal teams and a commitment to innovative leadership, will oversee the firm’s thirteen offices, bringing a fresh perspective to guide the firm’s future.

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Due

SEPTEMBER 19, 2024

The Justice Department announced a civil case has been opened to recoup $100m in damages from the parties responsible for the Francis Scott Key Bridge disaster. The U.S. District Court for the District of Maryland heard the motion against the actions of Grace Ocean Private Limited and Synergy Marine Private Limited. “The owner and operator of the DALI were well aware of vibration issues on the vessel that could cause a power outage.

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Accounting Department

SEPTEMBER 12, 2024

Accurate accounting is at the heart of business success. Whether you're a budding startup or a seasoned enterprise, effective financial management significantly impacts your ability to make informed decisions, strategize for growth, and comply with regulatory requirements.

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blue dot counseling

SEPTEMBER 18, 2024

If you're a CEO and you want to upgrade your finance function to match the needs of your business, the thought process to follow is refreshingly simple and as old as the hills The post Technology is the servant not the master appeared first on Blue Dot Consulting.

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Grit

SEPTEMBER 18, 2024

Black Friday is more than just a date on the calendar; with consumers ready to spend and discover the best offers, Black Friday email campaigns can transform curiosity into clicks and clicks into conversions. Let’s dive into the essential steps and strategies for building a successful Black Friday email campaign on BigCommerce so you can make this holiday season your most profitable.

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biz2credit

SEPTEMBER 18, 2024

The Federal Reserve announced it is lowering interest rates for the first time in 4 years. Here's what you need to know. The post Fed Lowers Interest Rates, Here’s What It Means For You and Your Business published first on.

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Due

SEPTEMBER 19, 2024

The Federal Reserve, the central banking system of the United States, recently wrapped up a pivotal meeting that has left the stock market in a state of uncertainty. The meeting, led by Jerome Powell, the Chair of the Federal Reserve, unveiled a surprising announcement that has sent shockwaves through the financial world. Surprising announcement from the Federal Reserve Contrary to previous statements made in July, Powell announced a 0.5% cut in interest rates for September.

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Accounting Department

SEPTEMBER 17, 2024

When you have a small or mid-size business, one of the issues you can run into is not having all the departments a larger company would have. In other words, you might not have dedicated employees for HR, accounting, and other areas. Fortunately, there are ways to outsource a number of services, including client accounting services. This helps keep your company growing and succeeding, without the need to bring on more employees or overwork yourself to get everything done.

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Small Businesses 65

TreviPay

SEPTEMBER 18, 2024

In today’s fast-paced and unpredictable business environment, managing cash flow and ensuring timely payments from customers are critical for long-term success. Trade credit insurance has become a vital tool for businesses looking to protect themselves from the risk of non-payment by customers. This type of insurance acts as a safety net, covering unpaid invoices when clients default or face financial difficulties.

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CreditStrong for Business

SEPTEMBER 18, 2024

Small business owners often use cars as part of their day-to-day activities. Leasing a business vehicle can be an attractive strategy for many, especially those who like the idea of upgrading to a newer car every few years. However, leasing a car for business isn’t ideal for everyone. Here’s what you should know before you try it, including how it works and when it might be better to buy.

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Hilton Baird

SEPTEMBER 18, 2024

Why outsourced credit control could be a game-changer for UK businesses and best practices to consider when implementing this strategy. The post Why outsourced credit control is a game-changer for UK businesses: Benefits, insights, and best practices. appeared first on Hilton-Baird Collection Services.

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Credit and Collections Small Businesses Credit Management 52

Due

SEPTEMBER 19, 2024

It’s getting closer to retirement time for Gen X — those roughly born between the mid-1960s and early 1980s. Specifically, the first wave of Gen X was born in January 1965. Since they are currently around 59 ½, they can withdraw money now without paying a penalty from their 401(k)s and other retirement accounts. However, members of this generation face an imminent retirement crisis that poses a significant challenge.

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Team Financial Group

SEPTEMBER 18, 2024

Outdated equipment can hamper quality, kill productivity, and crush morale. So why do so many employees have to experience the frustration of gear or technology that doesn’t get the job done? One common reason is that the people who can authorize purchases either don’t know there’s an issue with current equipment or don’t realize how bad or pressing the problem is.

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Small Businesses 52

Reorg Blog

SEPTEMBER 17, 2024

Focus Financial Partners is issuing senior secured notes due 2031. Proceeds of the bonds will be used to pay a $550M cash distribution to shareholders and to refinance existing term loan and revolving debt.

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CreditStrong for Business

SEPTEMBER 18, 2024

If you have a criminal record, it can be difficult to find and keep employment. In 2019, there were an estimated 24 million people with felony convictions, according to a report by the American Enterprise Institute. In a study released by the U.S. Department of Justice in 2021, it was reported that a staggering 33% of people released from federal prison in 2010 were unable to find work over the following four years.

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Small Businesses Credit Scoring 52

Chaser

SEPTEMBER 17, 2024

Continuous accounts receivable, also known as chronic accounts receivable, refers to the inability of a business to collect outstanding invoices from customers in a timely manner. This can lead to a number of problems, including cash flow issues, increased risk of bad debt, and damage to customer relationships.

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Bad Debt 52

Due

SEPTEMBER 16, 2024

Perhaps there’s some truth to the stereotype of “bossy” eldest children or studious middle children. However, the youngest member of the family often surprises everyone. Despite conventional wisdom, research and real-world examples suggest a different reality. Lastborn children have unique experiences that make them successful entrepreneurs.

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Grit

SEPTEMBER 15, 2024

Starting an eCommerce side hustle is an attractive option for many aspiring entrepreneurs. Whether you’re looking to supplement your income or test the waters of online business, eCommerce offers exciting opportunities. This guide from GritGlobal will walk you through the essential steps to launch and expand your own eCommerce venture, turning your passion or expertise into a thriving online business.

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Reorg Blog

SEPTEMBER 17, 2024

Reporting: Hugh Minch The first half of 2024 was a bull market for CLOs with new issuance in the US reaching $101 billion, up over 75% from the same period in 2023, according to Reorg’s CLO issuance data.

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CreditStrong for Business

SEPTEMBER 18, 2024

Whether your company needs startup capital or funds to grow and expand, the need to access affordable business financing is essential. One-third of businesses struggle or close their doors due to a lack of funding. On a positive note, there are many ways to raise money for a business. Below, you will find an overview of the different types of small business funding available, along with 12 ways to raise money that you might want to consider.

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Small Businesses Credit Scoring 52