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. GTL’s core focus offers clients seamless management of process service, courier and skip trace services nationwide, and is led by founder and CEO Paula Ashcraft.

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Credit and Collections Transactions 130

Lendio

MARCH 31, 2023

If you have a small business, you probably have inventory. This is an obvious statement for those who sell end-use products such as skateboards or alarm clocks, but it also relates to manufacturers that supply other businesses. Your inventory is your lifeblood, so it’s essential you manage it accordingly. When you don’t sell enough products, your days might be numbered.

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Small Businesses 87

RMAi Blog

MARCH 31, 2023

March 31, 2023 (Sacramento, CA)  – Receivables Management Association International (RMAI) provides a digital consumer resource for financial success: FinancialLiteracy.Rocks ( [link] ). RMAI is committed to protecting consumers and helping them reach their financial goals, manage debt, and create a stronger economic future for themselves one financial decision at a time.

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Credit and Collections Credit Scoring 130

Enterprise Recovery

MARCH 31, 2023

The results are in. After a 6-month trial of over 60 companies in the United Kingdom, nearly every company in the pilot study has chosen to continue a four-day workweek. Company revenue stayed roughly the same during the trial but showed a 35% increase compared to similar periods in previous years. Most importantly, employee turnover was reduced by 57% with reports of improved well-being, better work-life balance, and reduced stress.

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RMAi Blog

MARCH 31, 2023

On March 23, 2023, Utah Governor Spencer Cox signed into law Senate Bill 127 which amends the state’s data breach notification statutes. The amendments go into effect May 2, 2023. The amendments include: A requirement that following a breach of system security, if the investigation reveals that the misuse of personal information relating to 500 or more Utah residents has occurred or is reasonably likely to occur, the breach notification must be provided to the Attorney General and the Utah Cybe

Cybersecurity 100

Cybersecurity 100

Credit Management Group UK

MARCH 31, 2023

We hope this blog finds you well. If there is anything you would like to see more of in our round ups from more Credit Management Hints & Tips to help on E-learning webinars let us know: COMMERCIAL CREDIT MANAGEMENT Business confidence hits 10-month high Business debt levels increase by 61% SMEs owed an average of £250k in late payments Number of business sectors in growth mode hits 10-month high REGULATION & COMPLIANCE Increased business running costs top business concerns March data sh

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Credit Management 72

Cpcmcredit Blog

MARCH 31, 2023

This is Viv the spiv, who actually exists. In fact he is an act which must be welcome fun at certain events but believe it or not, with the addition of a eighties blow wave haircut to go with the cheesy smile and worst of all, the pocket handkerchief, he’s a disturbing close likeness to a business development manager I met from a major lender. It baffles me that a lender can seriously believe that the average business owner is going to be impressed by such tacky image.

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GoCardless

MARCH 31, 2023

BizCover’s Justin Goldberg explains why a rock-solid global reputation and a simple integration with Chargify made GoCardless the only choice for collecting its strategically important Direct Debits

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Biz2X

MARCH 31, 2023

See how an investment in the right account opening software can pay off in bank deposit growth The sudden and unexpected failure of Silicon Valley Bank has left many people questioning the stability and security of the financial institutions they do business with. The failure was caused by serious mismanagement at the bank. It was precipitated by bad leadership decisions related to interest rate increases implemented by the Federal Reserve (the Fed) to combat inflation.

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Brokerages Credit and Collections Cybersecurity Credit Unions 52

tillful

MARCH 31, 2023

Startups have unique needs, and thus, require tailored solutions in the way of credit cards, financial software, and financing products. We’re going to walk through our top credit cards for startups, and how we chose them. How we’re defining “startups” For the purposes of this article, we’re defining “startups” as those that are either currently equity-backed (through a venture capital firm, private equity firm, coin raise, or similar) or are considering equity funding in the future as their pri

Small Businesses 52

Small Businesses Credit Scoring Transactions 52

Lendio

MARCH 31, 2023

Researching how to get a government loan to start a business? Or have you heard that government business loans have some of the best rates? Government business loans do come with competitive rates, and some of them can even be used to cover startup costs. In fact, a government business startup loan may be the capital solution you’ve been looking for.

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Default Credit Unions Small Businesses 52

Chaser

MARCH 31, 2023

Credit control is vital in keeping businesses of any scale financially healthy. But with a backlog of customer invoices, fluctuating payment cycles, and complex accounting processes, it can be challenging for businesses to keep up with credit control demands.

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Lendio

MARCH 31, 2023

Thinking about starting an ecommerce business ? Whether you have an idea of what you’ll sell or not, there are some clear steps you can take to begin the process. The global ecommerce growth rate for 2023 is 10.4%, and global ecommerce sales have reached $6.3 trillion. Starting an ecommerce business attracts many entrepreneurs because the startup costs can be lower than opening a brick-and-mortar store, thanks to options like dropshipping.

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Transactions 52

GoCardless

MARCH 31, 2023

What I’ve learned from a career fighting chargeback fraud

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Lendio

MARCH 31, 2023

Assets, liabilities, and equity are the three account types on your business’ balance sheet. Every account on your balance sheet is either: An asset – something that your business owns, such as cash, machinery, or receivables A liability – something that your business owes, such as loans, payables, or credit card balances Equity – something that represents your ownership in the business In fact, your business’ balance sheet is called a balance sheet because it has to “balance”

Small Businesses 52

Small Businesses Transactions 52

Due

MARCH 31, 2023

Careful scrutiny of your retirement plans requires you to factor in annuities to balance your investment portfolio. Annuities remain reliable investment vehicles to generate a guaranteed income post-retirement. Meticulously planned annuities often replicate monthly paychecks that reflect in the form of salary amidst rising interest rates. Where Will I Start With My Annuities?

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Insurance Companies 75

Lendio

MARCH 31, 2023

Tax season can be stressful for accountants and small business owners. The process can run smoother if everyone is on the same page regarding the documentation needed to properly prepare a return. But what do you need to provide to your tax preparer? We will take a look at what you, as a small business owner, need to provide to your accountant for your business tax returns. 8 Essential Items to Provide to Your Accountant for Your Business Taxes Each tax preparer will have their own list of requi

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Small Businesses Deductions Transactions 52

CreditStrong for Business

MARCH 31, 2023

FHA and conventional loans are two of the most popular financing options for would-be homebuyers. However, there are significant enough differences between the two that one is often a noticeably superior option for an individual’s circumstances. Here’s what you should understand about the FHA vs. conventional loan programs to determine which one makes the most sense for you, including their qualification requirements, potential costs, and financing limitations.

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Credit Scoring Credit Unions Default Transactions 59

Lendio

MARCH 31, 2023

Late payments from clients can create financial difficulties—especially for small businesses. Setting clear payment terms, including a late fee policy, will help assure more on-time invoice payments. Customers have an incentive to pay invoices on time if they know they will be charged a late fee for failure to pay on time. Additionally, customers know exactly when payments are due if they are outlined clearly in established payment terms.

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Past Due Invoices Small Businesses 52

Abrigo

MARCH 31, 2023

NCUA expectations for credit unions post-CECL adoption The NCUA's focus on risk, especially credit risk, has implications for credit unions instituting CECL this quarter. You might also like this webinar: "CECL implementation FAQs: Progress as 2023 approaches" listen Takeaway 1 The National Credit Union Administration emphasized interest rate, liquidity, and credit risk as main concerns.

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Credit Unions CECL Credit Risk Credit and Collections 78

Lendio

MARCH 31, 2023

As a small business owner, you’re probably more interested in growing your company than in bookkeeping and accounting. However, knowing how to read and interpret your financial data is essential to making sound business decisions. The cost of goods sold is one of the most important income statement line items to understand. Here’s what you should know about it, including what it is, how to calculate it, and why it matters.

Small Businesses 52

Small Businesses 52

Lendio

MARCH 31, 2023

Organization is the foundation of good bookkeeping. When you clearly record your expenses and income sources and categorize them appropriately, managing your books becomes a breeze. Beyond organization, bookkeeping requires understanding some simple, but important, formulas. These equations help you assemble essential financial reports and use them to make better-informed strategic decisions for your business.

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Transactions 52

Lendio

MARCH 31, 2023

As a business owner, finding reliable suppliers is crucial for running your operation successfully. Suppliers (a.k.a. vendors) provide the necessary goods and services that will allow your business to function effectively and affordably. For this reason, ensuring you have stable and trustworthy suppliers is imperative for your company’s long-term success in meeting customer needs and maximizing your profitability.

Small Businesses 52

Small Businesses 52

Lendio

MARCH 31, 2023

Filing a business tax return should be straightforward and easy. Your type of business determines which tax form you will file. There are five types of business entities: Sole Proprietorship, Partnership, C Corporation, S Corporation, or Limited Liability Company. Sole Proprietorship (Form 1040 or 1040-SR) More than 70% of businesses are sole proprietorships, as they’re easy to form and operate, and no state filing is required.

Small Businesses 52

Small Businesses 52

Lendio

MARCH 31, 2023

A journal entry is the formal recording of a transaction on a company’s books. The name comes from accountants and bookkeepers historically recording transactions in a paper journal, which would then be posted to a general ledger. While today’s business owners and accounting professionals record their transactions electronically rather than in books and journals, terms like “journal entry” and even “bookkeeping” reflect the profession’s paper-based past.

Transactions 52

Transactions Small Businesses 52

Lendio

MARCH 31, 2023

The double-entry accounting system can seem intimidating if you don’t have much experience managing financial records. However, it’s the foundation of all financial statements, making it essential for small business owners to understand. Let’s review what you should know about the fundamentals of double-entry accounting to accurately record your company’s activities, build its financial statements, and interpret its data to inform your decisions.

Transactions 52

Transactions Small Businesses 52