Abrigo

JANUARY 17, 2024

Human trafficking red flags, strategies, and support Human trafficking is more prevalent than most realize, and banks and credit unions can help prevent it. They are being manipulated and controlled, and that extends to their finances.” Because of their unique roles, tellers are in an excellent position to spot signs of human trafficking.

Nonprofit Organizations 103

Nonprofit Organizations Credit Unions Transactions Credit Risk 103

SAP Credit Management

JANUARY 10, 2023

I ntroduction : In this blog you will see how SAP calculates the Project WBS Result Analysis and settlement postings as per the Multiple valuations like Legal Valuation, Group valuation and Profit center valuation and it also provides required configuration details relating to Result Analysis. What you will learn from this Blog?

Revenue Recognition 147

Revenue Recognition Transactions 147

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

OCTOBER 10, 2023

How industry analysis can improve your credit risk management Understanding your customers' businesses leads to better loan pricing, structure, and risk management. You might also like this webinar series, "Tackling common credit risk questions during challenging times." Introduction Why is industry analysis important?

CECL 78

CECL Credit Risk Credit Unions Small Businesses 78

TreviPay

NOVEMBER 20, 2023

To discover exactly what B2B buyers are looking for from their purchasing experience, TreviPay and Murphy Research conducted an online survey of 300 global business buyers between May 17 and June 2, 2023. 2 However, credit cards alone won’t cut it for all B2B purchases, especially for the larger orders corporations often place.

Credit and Collections 105

Credit and Collections Transactions Credit Application 105

JSP Credit Management

FEBRUARY 3, 2022

After the 2008 recession, businesses began to rely less on traditional credit lines and more on factoring and accounts receivables. When debts are owed to a third-party that is not the original creditor, there is a danger of not recognising the credit risk and the credit risk for accounts receivable is higher than traditional credit lines.

Debt Collections 52

Debt Collections Collector Credit and Collections Credit Risk 52

SAP Credit Management

AUGUST 3, 2023

In this blog post I’d like to outline the innovations for SAP S/4HANA Cloud 2308 in the area of Professional Services. Let’s have a look at the system for a demo: Please also take a look for more details of the project billing topics into Andreas Hammerschmidt’s blog post here.

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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. FinCEN assessed a $1.5

Credit Unions 88

Credit Unions Trust Companies Transactions 88

Fundera

JULY 28, 2016

Perhaps no segment of the blogging population is as nebulous—and popular—as the “mommy bloggers.” What is a Mommy Blog? If you’re a “mother” who’s interested in “blogging” about that part of your life, you’ll probably fall into the category of mommy blogging—whether you agree with the label or not.

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Due

MAY 6, 2024

In this blog, we explore the core principles, strategies, and considerations of FIRE and address some common questions about the movement and its different paths. You will want to watch this fantastic video from ET Money What is the FIRE Movement? In order to join the FIRE movement, what exactly do you need to do? Interested?

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Know-It Global

APRIL 2, 2024

The Prompt Payment Law brings significant changes that will impact businesses across the country, so we’ve broken down the details to make sure you understand what this means for your business. At Know-it, our platform uses automation to support small businesses with their credit control process. Interested to try-it?

Credit and Collections 104

Credit and Collections Small Businesses Credit Management 104

SAP Credit Management

AUGUST 1, 2023

If you have come to this blog post because an unexplained duplicate invoice was posted to your system, it is very likely that you will find a simple solution in the next minutes. This blog post will also clarify those points. Company code : This flag controls the scope of the duplicate check within a specific company code.

Transactions 144

Transactions Invoice Amount 144

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. FinCEN assessed a $1.5

Credit Unions 78

Credit Unions Trust Companies Transactions 78

Lendio

APRIL 27, 2023

What Is Equity Financing? Pros Of Equity Financing Cons Of Equity Financing No debt obligation to repay Lose a measure of control in your business Potential to gain insight from knowledgeable business partners Must share profits Credit problems aren’t an obstacle to funding Doesn’t help build business credit What Is Debt Financing?

Credit Reporting Agencies 92

Credit Reporting Agencies Deductions Default Small Businesses 92

SAP Credit Management

SEPTEMBER 5, 2023

In the following blog, I will give you an engineering expert view of some selected highlights of our SAP S/4HANA Cloud, private edition for Sales, to demonstrate that automation, system integration, and end-to-end transparency can help companies to transform their order-to-cash process with the shift to low-touch sales order processes.

Credit and Collections 181

Credit and Collections Order to Cash Transactions Default 181

Abrigo

MARCH 8, 2024

Keep in mind these numbers are only what is reported. We can no longer rely on bad grammar in an email, a phone call, or a text message that looks like it comes from our bank or credit union’s fraud department, tech support, or billing emergency communication. Bank wire fraud is growing and becoming more complex.

Transactions 78

Transactions 78

TreviPay

OCTOBER 13, 2023

In this second installment of our three-part blog series, we take a closer look at the payments experience B2B buyers want from their sellers. This blog is based on our most recent research, The Data Is In: B2B Buyers Expect a Better Payments Experience. These include transaction limits, high fees and surcharges.

Transactions 52

Transactions 52

RMAi Blog

FEBRUARY 6, 2023

By Sourabh Gupta *Sponsored Blog Post* Confronted with growing challenges, financial institutions across the U.S. What Voice AI Can Do for Collectors AI-powered voicebots, trained specifically for the ARM industry, can engage in intelligent, human-like conversations with consumers and help them to resolve their account balances.

Debt Collections 130

Debt Collections Collector Credit and Collections 130

Know-It Global

APRIL 19, 2023

What impact these company insolvencies could have on your business Company insolvencies can have a significant impact on your business, depending on your relationship with the insolvent company. Bad debts If the insolvent company owes you money, you may not be able to recover the debt, or you may only receive a fraction of what you are owed.

Bad Debt 98

Bad Debt Credit and Collections Credit Risk Credit Management 98

Know-It Global

APRIL 13, 2023

What are debtor days? Whilst sometimes it might not feel like it, the good news is there are things you can control that will significantly reduce your debtor days! Stating on your invoice that failure to pay within the credit terms may result in additional charges will give your customers an extra incentive to pay you quicker.

Credit and Collections 97

Credit and Collections Days Sales Outstanding Credit Scoring DSO 97

Know-It Global

NOVEMBER 10, 2022

Thinking about outsourced credit control? Credit control is the solid foundation that a finance team should be built around. Outsourced credit control. And it’s only at this point they recognise the magnitude of having a sound credit control process mapped out and followed.

Credit Management 98

Credit Management Credit and Collections 98

Abrigo

FEBRUARY 9, 2023

Banks and credit unions must understand regulatory expectations around what lists to scan against and the importance of doing so. AML scanning What is name screening? This helps banks and credit unions operate an effective risk assessment and refrain from violating sanctions.

Credit Unions 78

Credit Unions 78

Abrigo

MAY 2, 2022

Financial institutions must take risks to be profitable, and one of the most common risks is in extending credit to borrowers. Risks are acceptable so long as they are identified, understood, measured, monitored, and controlled to the best of a bank or credit union’s ability. Starting Points. When and how to update your policy.

Credit Unions 78

Credit Unions Credit Risk Credit Scoring 78

Credit Management Group UK

APRIL 26, 2023

What should be considered when writing effective collection emails ? If you accept credit/ debit card payments, inform them of this in the email with clear instruction on what to do in order to pay by this method. The post Simple Steps to Writing Effective Collection Letters appeared first on Credit Management Group UK.

Credit and Collections 96

Credit and Collections Credit Management 96

Know-It Global

DECEMBER 20, 2023

What a year it’s been. May We H-it London For Accountex We had a great time talking to new and existing clients whilst showing new audiences how Know-it helps businesses mitigate credit risk, reduce debtor days and boost cashflow! This allows users to automate the entire credit control process with ease.

Credit and Collections 105

Credit and Collections Debt Collections Credit Management Credit Risk 105

Lendio

NOVEMBER 13, 2023

What is purchase order financing? It’s fine to fulfill one lemonade cup order for a dollar, but what happens when someone orders 1,000 cups of lemonade and promises to pay you upon delivery? Before diving deeper into PO financing, it’s important to consider what this form of funding isn’t. How purchase order financing works.

Transactions 87

Transactions 87

Due

MAY 16, 2024

In reality, it’s about prioritizing what matters most and determining what’s truly important. To that end, this blog post explores various ways to maximize your dollar, leaving you feeling empowered, thriving, and not depleted. ” You may also want to ask yourself: “What truly brings me joy?”

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Abrigo

DECEMBER 1, 2021

This article is substantially updated from a 2013 blog post. There will always be risks inherent in loan portfolios, and effective portfolio management and loan control functions are critical to the overall risk management function of banks and credit unions. Independence or objectivity.

Credit Risk 78

Credit Risk Credit Unions 78

Abrigo

OCTOBER 10, 2023

Banks and credit unions should consider teaching their staff how to use the fraud triangle to enhance their ability to shield customers from fraud. Banks and credit unions should consider teaching their staff how to use the fraud triangle to enhance their ability to shield customers from fraud. The FTC received fraud reports from 2.4

Cybersecurity 78

Cybersecurity Credit Unions Transactions 78

Cpcmcredit Blog

MARCH 5, 2024

Credit Control is one of those tasks (like sales or marketing) that everyone seems to think they can do but in fact very few can. In a previous life, I was a credit manager at a number of companies and I did plenty of hiring and training. Ive seen this and its madness And you can’t cut corners with credit control.

Credit and Collections 52

Credit and Collections Credit Management 52

Abrigo

DECEMBER 7, 2021

According to the FFIEC, there are no required risk categories, and the number and detail of these categories vary based on the bank or credit union's size or complexity. After adjusting the inherent risk for the institution’s risk management controls, residual risk represents the bank or credit union’s current risk.

Cybersecurity 78

Cybersecurity Credit Unions Transactions Credit and Collections 78

Due

FEBRUARY 19, 2024

What are the best hobbies to take up as a new retiree? If you genuinely like what you’re doing and you can make money doing it, make sure it finds a home in your weekly schedule. If you want to lead a richer, more fulfilling, more social life as a retiree, you need to take up some new hobbies.

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Lendio

APRIL 23, 2024

Even if you don’t know what ACH stands for, you’ve probably taken advantage of ACH transfers. What are Automated Clearing House (ACH) transactions? These transactions can either be initiated by the person sending the money (credit) or the person receiving the money (debit). ACH is an acronym for “Automated Clearing House.”

Transactions 52

Transactions Small Businesses Electronic Funds Transfer Credit and Collections 52

Due

APRIL 16, 2024

The best con artists are the ones who know exactly what they’re doing, whether it’s a debt collection, credit card phishing , or imposter scam. But what happens when a financial advisor scams you? Following this blog post, you can break free of a scammy advisor’s clutches and reclaim control over your finances.

Credit and Collections 52

Credit and Collections Credit Card Companies Debt Collections Transactions 52

Abrigo

NOVEMBER 2, 2022

Here's what to look for in a software. 3 features that can improve speed and efficiency Construction loan automation eliminates manual processes, saving time and reducing human error. You might also like this whitepaper: "10 ways construction loan monitoring software saves time." DOWNLOAD .

Credit Risk 78

Credit Risk Credit and Collections CECL 78

billtrust

OCTOBER 27, 2022

What you’ll learn. How to control a negotiation. Credit cards. One of the most common forms of payment is the good old-fashioned credit card. Credit cards allow customers to make purchases without carrying large amounts of cash. However, debit cards do not offer the same fraud protection as credit cards.

Credit and Collections 52

Credit and Collections Bad Debt Credit Card Payments Transactions 52

Know-It Global

FEBRUARY 1, 2024

The team of #knowitalls discussed the topic of “Mastering Credit Control: Strategies to Get You Paid Faster in 2024” The webinar was a huge success with an amazing turnout and a great chance to ask your questions. Our next webinar is taking place on Tuesday 20th February at 10am. Spaces go fast so sign up HERE.

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