Abrigo

DECEMBER 31, 2019

Key Takeaways The most popular blog posts on the Abrigo site reflect many of the priorities community banks and credit unions had in 2019. The top lending and credit blog posts focused on improving loan pricing, creating a better experience for borrowers, and developing risk ratings. Why Do People Switch Banks?

Credit Risk 60

Credit Risk Credit Unions Small Businesses 60

Abrigo

FEBRUARY 6, 2024

Develop an MBL program while mitigating risk Credit unions looking for alternate paths to growth in today's rising rate environment may be primed to leverage member business lending. Register Takeaway 1 Credit unions developing or tightening up an existing MBL strategy should start by engaging the board of directors to outline goals.

Credit Unions 88

Credit Unions Credit Risk Small Businesses 88

Lendio

APRIL 30, 2024

Because business credit cards don’t require collateral and are easy to use and apply for, they’re a very common way for small businesses to secure a boost of funding. You can apply for some business credit cards using an EIN, although in most cases—but not all—you have to provide a personal SSN as well. EIN-only business credit cards.

Credit Card Companies 94

Credit Card Companies Dashboards Small Businesses 94

Fundera

JANUARY 22, 2019

15 Best Small Business Blogs. Patriot Software: Payroll Blog. Business Credit Blogger. Smart Passive Income Blog. Eventzilla Blog. Blog Tyrant. Now, with the advent of blogs, you can find a range of opinions to help you make your business decision in just a few seconds. Business Credit Blogger.

Small Businesses 75

Small Businesses Credit and Collections Deductions 75

Abrigo

DECEMBER 18, 2023

Stress testing, monitoring are essential Financial institutions should challenge assumptions about CRE risk while also watching for red flags as they manage the CRE portfolio. You might also like this webinar on credit department housekeeping. CRE credit than big banks, according to J.P. Small banks have 4.4 Morgan data.

Credit Unions 88

Credit Unions Credit Risk Insurance Companies Small Businesses 88

Abrigo

MAY 2, 2024

Introduction Small business lending for banks & credit unions Small businesses play a crucial role in our economy, and one of the key factors in their success is access to funding. In this blog, we will explore best practices and strategies for small business lending.

Small Businesses 88

Small Businesses Credit Risk Credit Unions CECL 88

Abrigo

JANUARY 30, 2024

Takeaway 3 ThinkBIG conference sessions can help bank and credit union professionals earn required credits for continuing education. Consistently rated a top industry event by attendees, ThinkBIG brought together 650 people from banks, credit unions, and partners in 2023. Reasons to attend Why the ThinkBIG conference?

Credit Unions 78

Credit Unions CECL Credit Risk Cybersecurity 78

Lendio

MAY 6, 2024

If you’re trying to decide whether you should accept credit card payments, it’s never been easier. This guide will help you to decide whether you should take advantage of the estimated 441 million open credit card accounts in the United States. Why accept credit cards? Why you might not be able to accept credit cards.

Credit Card Payments 98

Credit Card Payments Small Businesses Credit and Collections Transactions 98

Abrigo

APRIL 7, 2023

Here's what to say when presenting a case for software at your institution. Reduce manual processes Making a case for loan review automation software Building a business case for most software purchases can feel like a daunting task. You might also like this whitepaper: "2022 Loan Review Benchmark Survey Results."

Credit Risk 78

Credit Risk CECL 78

Abrigo

DECEMBER 5, 2023

Financial services experience: Practical experience in the banking or financial sector, especially in compliance, risk management, or auditing roles, is invaluable for a BSA Officer. If the BSA Officer is a higher level and a “big picture” leader, process managers must naturally be analytical and confident to fill this necessary skill set.

Credit Unions 88

Credit Unions Transactions 88

Abrigo

OCTOBER 17, 2023

Why change management is vital for banks and credit unions Regulators promote change management to manage risk, but banks and credit unions can also achieve important benefits when they manage change. You might also like this 7-step guide to a successful software implementation.

Credit Unions 78

Credit Unions CECL Credit Risk Dashboards 78

Lendio

APRIL 30, 2024

Small businesses are finding innovative ways to harness AI’s abilities, from streamlining marketing efforts and enhancing customer communication to optimizing inventory management. Email marketing software also uses AI. Read on to learn more about how AI can benefit your small business. Unpacking AI for the uninitiated.

Small Businesses 59

Small Businesses Credit Card Companies Transactions 59

Abrigo

NOVEMBER 2, 2022

Here's what to look for in a software. You might also like this whitepaper: "10 ways construction loan monitoring software saves time." Takeaway 2 Banks should seek out collaborative, easily accessible, customizable software for streamlined construction loan automation. Selecting the right construction loan automation software.

Credit Risk 78

Credit Risk Credit and Collections CECL 78

Abrigo

OCTOBER 16, 2023

Advice from a former credit union BSA Officer A former compliance officer offers considerations for creating a successful and compliant AML program at your credit union. T he following best practices address the top AML concerns specific to credit unions.

Credit Unions 88

Credit Unions Trust Companies Transactions 88

Abrigo

SEPTEMBER 20, 2023

A few years ago, a small credit union in Miami Gardens, FL, shut its doors due to a $300,000 civil money penalty assessed for their anti-money laundering (AML) failures. With only $4 million in assets and five employees, this fine was detrimental to the viability of the small credit union.

Credit Unions 60

Credit Unions 60

Abrigo

MAY 27, 2022

What Makes a Successful Credit Manager Focusing on these traits can only help you become a better credit manager at your financial institution. 5 Traits of the Ideal Credit Manager. Below are five traits integral to being a successful credit manager. Credit Analysis Training.

Credit Management 78

Credit Management Credit Risk 78

Abrigo

SEPTEMBER 7, 2023

Court case: Credit union held liable for ACH fraud losses A construction company argued the financial institution "failed to establish a reasonable routine" for monitoring suspicious activity alerts tied to ACH. The rerouted destination for the construction company’s vendor payments was to the credit union in this case.

Credit Unions 88

Credit Unions Transactions Default 88

Emagia

MARCH 15, 2024

Managing credit risk for B2B customers is critical for seamless order to cash (OTC) and working capital cycles. The enterprise management solutions like ERPs that are used for order to cash process don’t have inherent actionable intelligence to predict and manage future payment cycles and therefore the cash flow.

Credit Risk 52

Credit Risk Default Credit Management Credit and Collections 52

Emagia

MARCH 15, 2024

Managing credit risk for B2B customers is critical for seamless order to cash (OTC) and working capital cycles. The enterprise management solutions like ERPs that are used for order to cash process don’t have inherent actionable intelligence to predict and manage future payment cycles and therefore the cash flow.

Credit Risk 52

Credit Risk Default Credit Management Credit and Collections 52

Abrigo

OCTOBER 16, 2023

Advice from a former credit union BSA Officer A former compliance officer offers considerations for creating a successful and compliant AML program at your credit union. T he following best practices address the top AML concerns specific to credit unions.

Credit Unions 78

Credit Unions Trust Companies Transactions 78

Abrigo

SEPTEMBER 20, 2023

Moreover, an AML program that is robust and comprehensive becomes a vital component in this fight, with fraud detection software being essential. 1st-party debit or credit card fraud : Card fraud causes financial institutions significant monetary losses. It's no longer a discretionary measure but an imperative one.

CECL 78

CECL Credit Unions Transactions Credit Risk 78

Abrigo

AUGUST 28, 2022

Leveraging the efficiencies gained from lending software Banks and credit unions that leverage an integrated lending and credit platform reap the benefits of a consistent, efficient and defensible lending program. Lending and Credit Software. Leveraging software to gain efficiency.

Credit Unions 78

Credit Unions Credit Risk Default 78

Abrigo

JANUARY 25, 2022

Change Management Helps Financial Institutions with Digitalization Bank and credit union executives who manage the people side of digital transformation have more success. . You might also like this whitepaper, "Leading a Successful Software Implementation." Chief Executives' Strategies. IT Failures. Not in all cases.

Credit Unions 78

Credit Unions CECL Credit Risk Transactions 78

Waystar

MARCH 21, 2023

This is the fourth post in a new Waystar blog series: 7 steps to sharpen your healthcare revenue cycle. Can’t wait for a new blog each week? Download the eBook to learn 7 steps for maximizing your healthcare RCM software. Point-of-service collections in healthcare grow more complex — and more critical — each day.

Credit and Collections 98

Credit and Collections Deductions Transactions 98

Abrigo

MARCH 24, 2023

Best practices for your BSA/AML risk assessment Learn top tips for creating a risk assessment to capture your credit union's risk. Has your credit union started your annual process for updating your anti-money laundering/countering the financing of terrorism (AML/CFT) risk assessment?

Credit Unions 78

Credit Unions Cybersecurity Credit and Collections Transactions 78

Abrigo

FEBRUARY 23, 2022

Is growing the small business loan portfolio on your bank or credit union’s agenda? Another option is to make small business lending more efficient and borrower-friendly so that the financial institution can win, process, and manage more loans without big increases in staffing or other expenses. Streamline with Software.

Small Businesses 78

Small Businesses Credit Unions Credit Risk CECL 78

RMAi Blog

MARCH 31, 2023

Fairfield, NJ – Vertican Technologies , a global leader in the legal collection software industry, is proud to announce it has invested in Greentree Legal (GTL) in another milestone of Vertican’s plan to provide the collection industry with the tools it needs to become more efficient, compliant, and profitable.

Credit and Collections 130

Credit and Collections Transactions 130

Abrigo

AUGUST 7, 2023

Get more tips for managing the AML program from this webinar: "Conquering BSA challenges: Best practices for managing a successful AML program" DOWNLOAD Takeaway 1 A safe and sound financial institution is adequately staffed, but when staffing needs arise, it can be challenging to bridge the gaps.

Credit Unions 78

Credit Unions 78

The Red Spectrum

MAY 11, 2023

The financial stability of any organization depends heavily on how well vendor accounts are managed. You must manage your Net 30 vendor accounts as a business owner or financial manager if you want to make sure that your suppliers are paid on time and that you have a good working relationship with them.

Small Businesses 94

Small Businesses Credit Scoring 94

Due

FEBRUARY 5, 2024

Consider creating content pillars for publishing blog articles, web pages, and other owned content. By leveraging tools for financial analysis and forecasting, you can make informed decisions to optimize profitability, manage cash flow, and allocate resources. Consider generative AI transcription software as an example.

Credit and Collections 116

Credit and Collections 116

Abrigo

AUGUST 24, 2023

Lenders also have had to reassess the credit quality of their loan portfolios, given the potential strains that higher rates and a weaker economy may create for their borrowers. CS: Faced with higher funding costs and concerns over a potential economic downturn, banks have widened credit spreads and tightened lending standards.

Credit Risk 78

Credit Risk CECL Credit Unions 78

Abrigo

DECEMBER 17, 2021

Learn top best practices for leading a successful software implementation. Takeaway 1 Having a cohesive vision from the top down is critical to a culture of innovation and the successful adoption of new software. . The foundation of a solid culture of innovation should begin with the financial institution’s senior management.

Credit Unions 78

Credit Unions Credit Risk CECL 78

Abrigo

OCTOBER 19, 2023

Ideas for educating and promoting cybersecurity in October Cybersecurity Awareness Month is an opportunity for banks and credit unions to promote online safety and take steps to reduce cyber risks. And what does it mean for banks and credit unions? You might also like this whitepaper: "Protecting banking customers starts with you."

Cybersecurity 88

Cybersecurity Credit Unions Transactions 88

Lendio

MARCH 31, 2023

Your inventory is your lifeblood, so it’s essential you manage it accordingly. When you purchase the shoes from a manufacturer or wholesaler, you: debit your inventory account and credit either your cash account or accounts payable account, depending on how you purchased the shoes. What Is Inventory Accounting?

Small Businesses 98

Small Businesses 98

billtrust

JANUARY 11, 2023

Largest customer marketplace ranks Billtrust Overall Leader in AR software. In January of 2022, Billtrust was the overall leader in accounts receivable automation software. In January of 2022, Billtrust was the overall leader in accounts receivable automation software. G2 Grid® for Accounts Receivable Automation Software.

AR Automation 52

AR Automation Order to Cash Collector Cash Applicator 52

The Red Spectrum

MAY 17, 2023

In this blog post, we’ll explore how a small business loan can be a powerful tool to fuel your growth and take your business to new heights. From monitoring your business to building business credit, we’ll cover all the essential aspects of utilizing a business loan for expansion. Look no further!

Small Businesses 77

Small Businesses Credit Scoring 77

Onguard

MAY 16, 2023

This makes for a challenging time for credit management staff. For one in five (18%) organisations, the uncertain economic conditions create challenges in improving credit management. A healthy DSO In a good approach to credit management, having a healthy DSO is crucial.

Credit Management 52

Credit Management DSO Credit and Collections 52