Tue.Jan 21, 2025

article thumbnail

Building Community Bonds: Latitude by Genesys Supports the Florida Springs Run

RMAi Blog

Communities thrive when organizations step forward to create meaningful connections and support local initiatives. Latitude by Genesys, a leading debt collection software provider, recently demonstrated this by sponsoring the 10th Annual Springs Run, an event dedicated to raising funds and awareness for The Florida Springs Institute. Held at First Magnitude Brewing in Gainesville, Florida, the Springs Run drew participants from across the state to celebrate and support the preservation of Florid

article thumbnail

Are Cracks in Your Order-to-Cash Process Hurting Your Company?

Your Virtual Credit Manager

Large swaths of the order-to-cash (O2C) process involve credit and collection activities. Broadly defined, the credit’s contributions involve approving new customers for open terms and new orders at the front end of the O2C cycle. Further credit and collection contributions involve monitoring risk in the accounts receivable (AR) portfolio and collecting from customers who don’t pay on time, both of which are post-sale activities.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Empowering Futures: Orion Capital Solutions and Boys and Girls Club Partnership

RMAi Blog

Orion Capital Solutions, a nationally licensed collection agency based in Orchard Park, NY, continues to demonstrate its dedication to community empowerment through its recent contribution to the Boys and Girls Club. This initiative underscores Orions commitment to fostering youth development and creating brighter futures for young people in the communities it serves.

article thumbnail

Why Real-Time Financial Reporting Is a Game-Changer

Accounting Department

Financial reporting has always been a critical pillar of effective business management. It's the roadmap that guides decisions, uncovers opportunities, and highlights risks. However, in a fast-evolving economic landscape, relying solely on monthly reports or quarterly financial statements is slowly becoming obsolete.

91
article thumbnail

Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

article thumbnail

Data Security and Privacy – An Ounce of Prevention is Worth a Pound of Cure, Or Is It?

RMAi Blog

By Michael Kane, J.J Marshall & Associates We all want to believe that our data security is bulletproof, that we have taken all the necessary measures to protect our systems and data, both proprietary and consumer, and that we are keeping this data private. We have the best hardware and software solutions in place and top-notch, more-than-competent CISOs and IT personnel on constant alert.

Collector 147
article thumbnail

5 Ways suspicious activity monitoring services can bring staff relief

Abrigo

Taking a vacation is often a well-deserved break, but for financial crime professionals, it can trigger significant stress. Fraud and AML/CFT suspicious activity monitoring is a cornerstone of any AML program and a critical part of a financial institutions safety and soundness. However, compliance departments are frequently understaffed. Unexpected disruptions like turnover or family leave can exacerbate an already challenging workload for staff.

More Trending

article thumbnail

Purchase Order Extraction: A Comprehensive Guide to Streamlining Procurement Processes

Emagia

In todays fast-paced business world, companies are continually striving to improve operational efficiency and reduce costs. One critical area where businesses can achieve significant improvements is in procurement. A key component of procurement is handling purchase orders (POs), which contain essential details about the goods or services a business intends to buy.

52
article thumbnail

Here’s what we predict will happen in the world of small business financing

Credibly

The financial landscape for small businesses is shifting rapidly, presenting both challenges and opportunities. After some recent economic disruption, many businesses are now facing high demand for their products and services. While this surge is promising, it also creates new hurdles: securing the capital needed to scale operations, hire staff, and meet customer demand.

article thumbnail

Invoice Data Extraction: Revolutionizing the Way Businesses Handle Billing Information

Emagia

In the digital age, businesses are moving away from manual processes and adopting automation tools to streamline their operations. One of the most important aspects of this transformation is Invoice Data Extraction. This powerful tool helps companies handle large volumes of invoices with accuracy and speed. In this blog, well dive into the ins and outs of invoice data extraction, how it works, its benefits, and how it can drastically improve your business’s financial workflows.

article thumbnail

Department of the Treasury sanctions individuals connected to Salt Typhoon cyber group

Due

The United States Department of the Treasury has sanctioned individuals connected to the Salt Typhoon hacking group. One of the individuals in question, Yin Kecheng, is reported to be a notable cyber actor who is connected to the perpetrators of the compromise of Treasury systems and infrastructure last year. The Department of the Treasurys Office of Foreign Assets Control (OFAC) has led the sanctions on Kecheng and also sanctioned Sichuan Juxinhe Network Technology Co., LTD.

article thumbnail

UK “second best” country to invest in

Cpcmcredit Blog

According to a survey of 4000 CEOs conducted by PWC having “leapfrogged”over India china and Germany This is of course welcome news at what is a difficult time and maybe a surprise to many of the naysayers? And without wishing to bring up Brexit once again (ill always emphasise I was pretty neutral), this is very contrary to claims made and continuing to be made by those who haven’t quite accepted the decision “The PwC survey cheered the findings as a vote of confidence i

52
article thumbnail

Two Arizona drywall companies to pay $7.4M

Due

Two Arizona drywall companies have been instructed to pay a combined $7.4M after denying overtime pay to more than 1,400 employees. The U.S. District Court for the District of Arizona found that Apodaca Wall Systems Inc. and Empire Wall Systems Inc. had violated the Fair Labor Standards Act (FLSA). Both companies are based in Phoenix and specialize in interior painting and drywall construction.

52
article thumbnail

Top Cash Flow Challenges for Small Businesses in 2025 and How to Overcome Them

Eagle Business Credit

Running a small business can be both rewarding and challenging. One of the biggest hurdles small business owners face is managing cash flowthe lifeblood of any business. A healthy cash flow ensures you can cover expenses, invest in growth, and weather unexpected challenges. For 2025, small business owners face several emerging and evolving cash flow challenges influenced by areas such as economic shifts, regulatory changes, and industry trends.

article thumbnail

How to Potentially Double Your Money Through Investing

Due

For many investors, doubling their initial investment is one of their main goals. As a result, this can be a significant step in securing their financial future. Using the principles of diversification, patience, and well-informed investment choices, here are 10 ways to get you started on this journey. It is important to remember that no investment offers a 100% return.

52
article thumbnail

Bank Statement Extraction: Optimizing Financial Data Management

Emagia

In todays fast-paced financial environment, managing and analyzing large volumes of data has become more complex than ever. Among the most critical tasks for both businesses and individuals is bank statement extraction , a process that allows you to extract crucial financial data from your bank statements and convert it into a structured, usable format.

article thumbnail

Trump Launched His Own Memecoin?

Due

Just a few days before Donald Trumps Inauguration, he released his own cryptocurrency , the $TRUMP memecoin. Trump announced this over X (formerly known as Twitter) just three days before the inauguration, where there are now 200 million coins, and they plan to have 1 billion available in the future. The site responsible for the coin calls Trump the “crypto president” and portrays him with his fist in the air alongside the line “FIGHT FIGHT FIGHT,” which Trump reportedly

52
article thumbnail

AI Invoice Processing: Revolutionizing Accounts Payable with Artificial Intelligence

Emagia

In today’s fast-paced business environment, managing invoices efficiently is crucial for maintaining healthy cash flow and operational efficiency. Traditional manual invoice processing methods are often time-consuming, error-prone, and costly. Enter AI Invoice Processinga transformative solution that leverages artificial intelligence to automate and streamline the entire invoicing workflow.

article thumbnail

Trump’s Proposed Tariffs Pose Triple Threat to US Economic Stability

Due

A significant economic policy shift looms on the horizon as former President Trump signals intentions to implement substantial tariffs on imports from Mexico and Canada. The proposed 25% tariff rate could take effect as early as February 1st, marking a dramatic change in trade relations with America’s largest trading partners. Strategic Objectives Behind the Tariff Policy The proposed tariff strategy centers on two primary objectives: addressing immigration and drug trafficking concerns, p

40
article thumbnail

Bank Statement Processing: A Comprehensive Guide

Emagia

Bank statement processing is a critical component of financial management, involving the systematic handling of bank statements to ensure accurate reconciliation and financial reporting. This comprehensive guide delves into the intricacies of bank statement processing, highlighting its significance, methodologies, benefits, challenges, and the role of advanced technologies like Emagia’s GiaDocs AI in enhancing the process.

article thumbnail

Bank Statement Extraction

Emagia

In todays fast-paced financial environment, managing and analyzing large volumes of data has become more complex than ever. Among the most critical tasks for both businesses and individuals is bank statement extraction, a process that allows you to extract crucial financial data from your bank statements and convert it into a structured, usable format.