Eastern Credit Management Services

JANUARY 12, 2024

In this blog post, we will delve into the technology trends that are revolutionizing the debt collection industry and paving the way for a more streamlined and effective approach. **1. Routine tasks, such as data entry and documentation, can now be further automated, minimizing errors and boosting operational efficiency.

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Debt Collections Credit and Collections Credit Management 52

Lendio

APRIL 23, 2024

ACH payments, which launched in 1974, have become such a common part of modern life that most people don’t even think about the mechanism that moves money in and out of their bank accounts. What are Automated Clearing House (ACH) transactions? ACH is an acronym for “Automated Clearing House.” How do ACH payments work?

Transactions 52

Transactions Small Businesses Electronic Funds Transfer Credit and Collections 52

SAP Credit Management

JANUARY 25, 2023

Organizations in every industry must be able to transform their data into actionable insight giving organizations the advantage of automating a variety of manual processes involving data and decision making. Automating purchase orders – More and more companies have been automating purchase orders using AI for quite some time.

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Lockstep

NOVEMBER 16, 2022

One way to do this is by leveraging automated customer communications as part of your broader accounts receivable automation strategy. Automated communications can help you speed up the collections process and connect with more customers faster. Use email automation to send invoices and payment reminders.

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AR Automation Accounts Receivable (AR) Days Sales Outstanding DSO 88

Emagia

NOVEMBER 21, 2023

As a longtime leader in the AI-based order-to-cash solutions industry, conferences around the world ask for Emagia representatives to appear and speak Artificial Intelligence, automation, and GenAI in finance. The biggest one continues to center around job security, which we recently covered on our blog that you can read now by clicking here.

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Days Sales Outstanding DSO Credit and Collections B2B Credit 52

SSI Healthcare Rev Cycle Solutions

JANUARY 16, 2024

2024 Revenue Cycle Management Challenges and Emerging Trends Home / January 16, 2024 Author: David Mancuso, Sr. Join us as we dive into the intricacies of these changes and emerging trends, exploring how they’re set to redefine the financial heartbeat of healthcare in 2024 and beyond. for commercial payers compared to just 0.2%

Medical Billing 59

Medical Billing 59

TreviPay

FEBRUARY 6, 2023

Recently, Forrester Principal Analyst Jacob Morgan spoke to a group at B2B Online in Berlin about “The Evolution of B2B Payments and Their Increasing Value as an Anchor of Experience.” The focus was on how businesses can make the payment process efficient and streamlined while taking into account current and future trends.

Transactions 52

Transactions 52

Waystar

MARCH 8, 2023

This is the first post in a new Waystar blog series: 7 steps to sharpen your healthcare revenue cycle. Don’t want to wait for a new blog each week? To harness the power of automation, staff must know how to use the tools, resources, and processes that are proven to ensure financial success.

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Deductions 95

Onguard

JANUARY 5, 2024

The current state of credit management Recent Dutch blog references highlight a worrying trend: the demand for skilled Credit Managers is outstripping supply. The benefits of embracing digital solutions: Efficiency and accuracy : Automated systems handle repetitive tasks, freeing up valuable time for strategic decision-making.

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Credit Management 52

Abrigo

MAY 20, 2022

Fraud on Alert for 2022 A review of SAR data , government agenc y releases, a nd fraud findings found these f raud c oncerns and trends to wat ch in 2022. Takeaway 1 An Abrigo review of SAR data, government agency releases, and fraud findings revealed fraud trends to watch for. But as one trend declines, new fraud schemes may arise.

Cybersecurity 78

Cybersecurity Credit Unions Transactions 78

Know-It Global

JULY 26, 2023

This helps reduce the time it takes to receive payments. Review their payment history, financial stability, and credit references to make informed decisions about extending credit. Clear policies set expectations and encourage timely payments. Include clear payment terms, due dates, and payment methods on the invoices.

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Electronic Funds Transfer Credit and Collections Debt Collections Bad Debt 98

NorthOne

JUNE 27, 2023

Fortunately, with the emergence of finance automation technologies, SMBs can now streamline their financial processes and enhance their financial management capabilities. With automation, SMBs can leverage technologies like machine learning offered by software to automate tasks such as invoicing, billing, and payroll processing.

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Small Businesses Bankruptcy Transactions 52

Emagia

NOVEMBER 20, 2022

The trend of businesses increasingly adopting customer payment portals is an exciting one! By digitizing both invoicing and payments, businesses can save time and money while improving their customer experience. There are many benefits to using a customer payment portal. Suggested Blogs.

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Payment Portals 52

Emagia

NOVEMBER 2, 2023

Editor’s Note: Thank you for joining for part four of four in our “Beyond ChatGPT” blog series. It is captivating the attention of CFOs, Controllers, Finance VPs, Accounts Receivable (AR) management, and senior B2B credit professionals alike like few other trends have in the last year.

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Cash Applicator Accounts Receivable (AR) AR Automation Credit and Collections 52

SSI Healthcare Rev Cycle Solutions

OCTOBER 30, 2023

As eligibility denials soar and automation becomes the holy grail, there’s a palpable need for solutions that offer tangible results with a tried-and-true approach. Automation and AI tools, although promising, aren’t the complete answer. Accelerating payment times through the adoption of electronic attachments.

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SSI Healthcare Rev Cycle Solutions

NOVEMBER 2, 2023

Current State of Electronic Attachment Adoption Despite the clear need for more streamlined and efficient systems, there has been hesitancy among health plans, providers, and vendors to make significant investments in automated attachment solutions. The gap is evident, but it’s crucial to note the growth trend in electronic adoption.

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Medical Billing Transactions 59

FICO Blog

JANUARY 10, 2023

In a year that saw the word "scamdemic" coined, scams such as authorised push payment fraud were top of mind, along with various other fraud schemes. Few things change faster in the financial services space than fraud trends. Few things change faster in the financial services space than fraud trends. FICO Admin.

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Transactions 52

Waystar

APRIL 4, 2023

This is the sixth post in a new Waystar blog series: 7 steps to sharpen your healthcare revenue cycle. Can’t wait for a new blog each week? But that’s also one reason many organizations find automated denial and appeal management so effective. Denials in healthcare are an ever-present — and ever-increasing — problem.

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Waystar

APRIL 4, 2023

This is the sixth post in a new Waystar blog series: 7 steps to sharpen your healthcare revenue cycle. Can’t wait for a new blog each week? But that’s also one reason many organizations find automated denial and appeal management so effective. Denials in healthcare are an ever-present — and ever-increasing — problem.

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Emagia

MARCH 15, 2024

The key challenge in credit risk and receivable management is the inability to systematically predict customer payment behavior, mitigate the risks of contract non-compliances, and prevent increasing payment delays and defaults. to detect potential financial and credit risks of customers.

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Credit Risk Default Credit Management Credit and Collections 52

Emagia

MARCH 15, 2024

The key challenge in credit risk and receivable management is the inability to systematically predict customer payment behavior, mitigate the risks of contract non-compliances, and prevent increasing payment delays and defaults. to detect potential financial and credit risks of customers.

Credit Risk 52

Credit Risk Default Credit Management Credit and Collections 52

SSI Healthcare Rev Cycle Solutions

NOVEMBER 2, 2023

Current State of Electronic Attachment Adoption Despite the clear need for more streamlined and efficient systems, there has been hesitancy among health plans, providers, and vendors to make significant investments in automated attachment solutions. The gap is evident, but it’s crucial to note the growth trend in electronic adoption.

Medical Billing 52

Medical Billing Transactions 52

Lendio

MAY 6, 2024

As more American consumers utilize next-generation payment methods like touchless transactions or smartphone payments, there’s a general sense that we’re headed toward a cashless world. If you’re trying to decide whether you should accept credit card payments, it’s never been easier.

Credit Card Payments 52

Credit Card Payments Small Businesses Credit and Collections Transactions 52

Know-It Global

APRIL 19, 2023

This will give you an idea of how much they can be trusted to make payment on time. Sending payment reminders and chasers Sending a gentle payment reminder the day before the invoice is due to be paid will keep you at the front of your customers’ minds and encourage them to make payment on time.

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Bad Debt Credit and Collections Credit Risk Credit Management 98

The Red Spectrum

MAY 8, 2023

From the rise of alternative lending to changes in government policies, small business financing trends continue to evolve. As a business owner, staying on top of these trends is critical to accessing the funding you need to succeed. This blog post will explore some of the small business financing trends to watch in 2023.

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Small Businesses Credit Scoring Credit and Collections Transactions 96

Waystar

MARCH 8, 2023

This is the first post in a new Waystar blog series: 7 steps to sharpen your healthcare revenue cycle. Don’t want to wait for a new blog each week? Download the eBook to learn 7 steps for maximizing your healthcare RCM software. That puts a bigger financial burden on the patient than ever before.

Deductions 52

Deductions 52

The Corcentric Blog

NOVEMBER 21, 2023

If a company’s ratio is declining, it could result in the business not being able to adhere to the average credit payment terms and receiving a lower line of credit. A high turnover ratio can oftentimes be used to negotiate favorable credit terms and allows a company to take advantage of early payment discounts.

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Abrigo

DECEMBER 18, 2023

But understanding trends in their own portfolios and local markets can allow lenders to identify risk-appropriate CRE credits. Deferred maintenance and missed tax payments are other red flags for financial institutions to monitor. If they can’t do that, you’re going to have a problem.”

Credit Unions 88

Credit Unions Credit Risk Insurance Companies Small Businesses 88

ForwardAI

NOVEMBER 10, 2022

On the other hand, a significant portion of businesses in the US (60%) and the UK (48%) have adopted real-time payment solutions. Real-time payment help companies to hold on to money longer and still make payments on time, removing the need to offer early payment discounts, all while reducing cash turn-around time.

Small Businesses 86

Small Businesses Accounting Firms 86

Know-It Global

JUNE 28, 2023

Automation and Efficiency in Credit Control Technology has brought unprecedented levels of automation and efficiency to credit control processes. By leveraging automation, companies can significantly reduce the time and effort required for manual data entry, analysis, and decision-making.

Credit Scoring 52

Credit Scoring Credit and Collections Bad Debt Credit Management 52

FICO Blog

FEBRUARY 17, 2023

The shift to digital payments has spurred a reinvention of the humble wallet. All I really think I need is an ID holder for my driver’s license, since I’ve migrated most other payments options like my debit card and credit cards to my digital wallet (AKA my smartphone). But I will go one better – I travel with no wallet all.

Transactions 52

Transactions 52

SSI Healthcare Rev Cycle Solutions

AUGUST 18, 2022

Utilizing machine learning and intelligent automation, SSI Claims Analytics provides access to real-time revenue cycle data along with the ability to transform the data into the insight necessary to significantly simplify the denial management process. Reboot Your Revenue Cycle with Automated Prior Authorization [HFMA Webinar].

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Dashboards 52

Onguard

JUNE 20, 2023

.” Els “Our joint digital solution PolicyManager and Onguard’s own flagship software CreditManager focus on process automation, which has seen rapidly increasing interest recently. Which specific trends do you expect to see from a technological and client requirement point in the near future?”

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Credit Management 52

Grit

MAY 25, 2023

Application Programming Interfaces (APIs) enable the exchange of information between different platforms, such as connecting an e-commerce store with a payment gateway or a shipping provider. AI-powered integration can enhance personalization, automate customer support, and optimize supply chain management.

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SSI Healthcare Rev Cycle Solutions

MAY 24, 2023

In this blog post, we’ll explore the crucial questions you need to ask to ensure that your claims and clearinghouse partner is not just good enough but the perfect fit for your organization’s success. So, how do you decide if it’s time to part ways with your current vendor or stay the course?

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SSI Healthcare Rev Cycle Solutions

OCTOBER 30, 2023

As eligibility denials soar and automation becomes the holy grail, there’s a palpable need for solutions that offer tangible results with a tried-and-true approach. Automation and AI tools, although promising, aren’t the complete answer. Accelerating payment times through the adoption of electronic attachments.

Medical Billing 52

Medical Billing Transactions 52

SSI Healthcare Rev Cycle Solutions

MAY 24, 2023

In this blog post, we’ll explore the crucial questions you need to ask to ensure that your claims and clearinghouse partner is not just good enough but the perfect fit for your organization’s success. So, how do you decide if it’s time to part ways with your current vendor or stay the course?

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