RMAi Blog

MARCH 22, 2023

NORFOLK, Va. – PRA Group is pleased to announce that Tim Kirk, country operations director for the company’s UK business, has been appointed to the Credit Services Association Board of Directors. The Credit Services Association (CSA) is the national trade association in the UK for organizations active in the debt collection and purchase industry. The association confirmed five board members—two returning and three new—during its Annual General Meeting of the Association.

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Credit and Collections Debt Collections 130

Due

MARCH 19, 2023

The number of female entrepreneurs is growing rapidly. In fact, in 2021, 49% of new businesses were started by women , up from 28% in 2019, according to a survey by HR services company Gusto. According to the U.S. Census Bureau, in 2020, 21.4% of all U.S. businesses were owned by women , and those businesses employed 10.9 million employees. Those are staggering numbers and represent how women are advancing in an area that has long been dominated by men.

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Cybersecurity 139

Know-It Global

MARCH 23, 2023

We’ve just introduced a brand new member to the Know-it team! Welcome Clara Gobrecht, our new Customer Success Manager! Clara will be on hand to onboard new users and help businesses get the most out of the Know-it platform to help them mitigate credit risk, reduce debtor days and boost their cashflow. We sat down with Clara for a quick chat to learn more about her and how she’ll help support businesses in the UK. 1.

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Credit Risk 98

Plooto

MARCH 20, 2023

All business owners face the epic challenge of growing their business while having enough cash to fund product development, expand sales and marketing, or hire additional staff. The key to success lies in having positive working capital , which provides excess cash to invest in growth. To quote an industry maxim: “Revenue is Vanity, Profit is Sanity and Cash is King” — Alan Miltz.

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RMAi Blog

MARCH 20, 2023

RMAI Diversity Equity Inclusion Program Baseline Recommendations March 20, 2023 (Sacramento, CA)  – RMAI introduces a new guide for the accounts receivables management industry, Implementing Diversity Equity Inclusion Best Practices: RMAI Diversity Equity Inclusion Program Baseline Recommendations. This companion guide to the January 2022 Consumer Financial Protection Bureau (CFPB) Report on Diversity and Inclusion within Financial Services identifies the foundational areas of a Diversity Equity

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MARCH 20, 2023

When running a company, it’s natural to use stock price and profits as metrics for how your business is performing. But if you’re not actively supporting your employees, you are missing out on a large piece of the puzzle. Happy employees not only makes for a more positive workplace environment, but it also benefits a company’s bottom line. As a company, you likely prioritize the happiness of your clients and customers.

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incfile

MARCH 18, 2023

As a small business owner, you might feel that employment contracts are unnecessary, especially if you’re just working with a contractor or remote assistant. However, there are certain legal responsibilities beyond payroll taxes that come along when you hire someone (albeit for a short period of time) to help you. If you’re working with or planning to hire full-time or part-time employees without the appropriate business contracts , then you’re opening your business up to legal red tape and heft

Small Businesses 98

Small Businesses 98

RMAi Blog

MARCH 20, 2023

ELK GROVE, CA – Superlative RM , a collection agency located in Elk Grove, CA and Phoenix, AZ, is honored to announce its receipt of the 2022 Tier 1 Top Agency Award from Cascade365 — a family of companies that provide accounts receivable liquidity solutions to the consumer finance and healthcare industries. “I’m very fortunate to be able to say our team is both dedicated and extremely hard-working.

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Third Party Collections 130

Due

MARCH 18, 2023

Talking about money to your partner and spouse is never an easy conversation to have, especially if you’re unsure what they think about it, or if you have limited knowledge of how to work with money. Not all of us share the same philosophy about money, how we earn and spend it, or how we invest it. Unfortunately, the friction surrounding the topic of money and finances can lead to greater relationship issues such as so-called financial infidelity, where people hide their purchases from their par

Credit Scoring 116

Credit Scoring 116

Credit Management Group UK

MARCH 21, 2023

Effective credit control is a vital aspect of any business and one that is often neglected in relation to staff training. Not only can a lack of appropriate training land a company in hot water later down the line through lack of knowledge of correct procedures, but often credit control staff suffer from a lack of confidence that can be easily reversed with training.

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Credit and Collections Order to Cash Credit Management 96

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. You might also like this resource: "BSA/AML risk assessment checklist." READ Takeaway 1 Documentation is one of the most critical aspects of performing a risk assessment. Takeaway 2 Inherent risk and residual risk should be evaluated before mitigating factors are considered.

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Credit Unions Cybersecurity Credit and Collections Transactions 78

RMAi Blog

MARCH 20, 2023

CINCINNATI, OH – Slovin and Associates , a creditor’s rights law firm in Ohio, Kentucky, and Indiana, has a long history of community involvement. Partners Randy Slovin and Brad Council have spent decades in the community helping those in need. This past November, Mr. Council and his wife took a trip to the Olancho region of Honduras where they helped install solar panels at three different remote schools in just a week.

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Law Firms Bankruptcy 130

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MARCH 24, 2023

Everyone is quick to jump on the bandwagon of “prioritizing yourself.” You should invest in self-improvement. Try to be more self-aware. Take time for yourself and your personal life. Focus on the things that matter most. These are all common statements bandied about in casual conversation. Do you know what else they are? They’re vague. What does it look like to actually prioritize the things that matter?

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Chaser

MARCH 23, 2023

Cash flow is a crucial aspect of any business. Cash flow refers to the movement of money in and out of an organisation. Positive cash flow means that a business has more cash coming in than going out, while negative cash flow means that the opposite is true. For this reason, it can be easy to assume that by simply selling more, thus increasing your cash 'inflows', you are ensuring healthy cash flow for your business.

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Bad Debt Credit Sales Default Small Businesses 87

Abrigo

MARCH 22, 2023

Understanding trade-based money laundering Addressing the FinCEN priorities in your AML/CFT policy means knowing what steps to take to prevent trade-based money laundering and terrorism funding. Would you like others articles like this in your inbox? This article was written by Mista Roberts Howard, Senior Financial Crimes Investigator at Abrigo Takeaway 1 Criminal organizations use trade-based money laundering in part because it is difficult to detect.

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Credit Card Payments Transactions 78

Accounting Department

MARCH 23, 2023

As we move towards a more technology-driven world, it's important for business owners to adopt a "work smarter, not harder" mentality. One way to achieve this is through workflow automation with ERP software like NetSuite.

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Gaviti

MARCH 21, 2023

Proper accounts receivable management is vital if you want to operate a healthy business. It doesn’t matter how much in sales you generate if you never collect on your invoices, or if you keep losing vital invoices you are meant to collect on. While it may not be the most exciting part of your business, good accounts receivable (A/R) practices will make your other business operations much smoother.

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Payment Portals DSO Alternative Payment Methods Dashboards 78

Due

MARCH 23, 2023

It would be super convenient if life was perfectly predictable. Weather forecasts would always be right. Investing in the stock market would be easy. And we wouldn’t have to make wild guesses about how much money we need in retirement. For the most part, financial planning in retirement is a fixed, predictable model. Historical data and aggregated personal experiences lead us to reliable estimates like the 4% rule , which can help you make sure you never outlive your principal.

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Medical Billing Insurance Companies 75

Abrigo

MARCH 21, 2023

Strategies for earning more in rising rates Financial institutions need to be intentional with funding strategies and loan pricing models. You might also like this video on managing interest rate risk. WATCH Takeaway 1 Earning more income and mitigating interest rate risk isn’t as simple as charging higher rates on loans and earning higher rates on the investment portfolio.

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Credit Unions CECL Credit and Collections Credit Risk 78

Accounting Department

MARCH 22, 2023

Outsourced bookkeeping services are here to help CFOs of small to medium-sized businesses optimize their time and offer them a number of benefits!

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Small Businesses 93

Lendio

MARCH 21, 2023

When most entrepreneurs need funding to start or grow their business, they quickly learn one key fact: They need a business plan. Just as you need a resume to apply for a job or a completed application to gain admittance to a university, business plans are required to apply for business financing. And like resumes and college applications, business plans are viewed as a necessary evil by most entrepreneurs.

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Enterprise Recovery

MARCH 24, 2023

As accounts receivables (AR) begin to fall delinquent, your business expenses could fall delinquent as well. With every late-paying client, cash flow for payroll, rent, or other vendors falls short, threatening your company's bottom line and growth. The effectiveness of your accounts receivable department may be one of the most important measurements to determine the success of your business.

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Accounts Receivable (AR) Debt Collections 67

TreviPay

MARCH 24, 2023

TreviPay is well known for helping OEMs grow their business through the creation of custom trade credit programs that help grow sales and profitability. In working with OEMs, the heart of the programs we are helping to grow resides within fleets and transportation companies around the globe. TreviPay has worked with General Motors (GM) for nearly 20 years in helping to automate their relationship and transactions with dealers and their fleet customers.

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Transactions 59

Cpcmcredit Blog

MARCH 21, 2023

Bagehots column in The Economist is always worth a read and sadly is only available behind a paywall but this weeks piece is an excellent take down of the present situation with the numerous black economy businesses which are seemingly thriving across the UK, often at the expense of the legitimate traders HMGs seemingly blasé attitude to these abuses are in stark contrast to their obsession with illegal immigrants which is perverse given that these businesses are a substantial element of the att

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Lendio

MARCH 18, 2023

As a small business owner, there are many challenges you may face on a day-to-day basis. Accessing the funding your company needs to thrive shouldn’t be one of them. Nonetheless, a Federal Reserve study finds that around 40% of small businesses do not receive the full amount of funding they need when they apply for credit. Approximately 12% of small business loan applicants don’t qualify for any financing at all.

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Small Businesses Nonprofit Organizations Credit Unions 72

dynavistics

MARCH 24, 2023

Microsoft Dynamics GP Workflow is a powerful tool that can help organizations streamline their business processes by automating and optimizing approvals and other workflows. It allows businesses to define workflows that are specific to their organization's needs and can be used to manage and track the progress of approvals, escalations, and other actions.

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TreviPay

MARCH 24, 2023

Partnering with TreviPay gives airlines the technology and tools needed to better serve their corporate clients. TreviPay’s commercial aviation partnership team is tasked with helping passenger and cargo carriers manage their direct billing programs. Partnering with TreviPay to manage a B2B payment program gives airlines the runway to focus on what they do best: flying.

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Cpcmcredit Blog

MARCH 20, 2023

Interesting stat from Bibby today that 70% of their new leads come from brokers or “introducers” (ill discuss “introducers” another time) which is up by 15% from the previous year. This appears to be an impressive trend but there are caveats. Other lenders have quoted ‘off the record’ a steady 80% statistic and the previous percentage from Bibby might actually be seen as comparatively low.

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Lendio

MARCH 20, 2023

Private equity (PE) is often tangled with venture capital (VC) because they both invest in companies and use a variety of exit strategies, such as selling their stake during IPOs. However, there are some significant differences in the way they do business. Both invest in different types and sizes of companies, spend different amounts and even claim different percentages of equity.

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Insurance Companies Small Businesses 60

Reorg Blog

MARCH 24, 2023

The post Wittur Sponsor Bain Provides €10M Short-Term Loan, Second Liens Defer Interest to Shore Up Liquidity During Restructuring Talks; Q4 EBITDA Rises 8% YoY at €18M; China Slowdown Clouds Outlook appeared first on Reorg.

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Grit

MARCH 23, 2023

A robust eCommerce order fulfillment system enables you to ship and deliver products to your consumers more effectively. This, in turn, will enhance your store’s general reputation and may result in more sales as customers will be pleased to shop from you again. In this post, we’ll look at the top techniques or models to consider, as well as how to improve your fulfillment process to help you surpass consumer expectations and increase the profitability of your shop.

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