Onguard

OCTOBER 9, 2024

The surge in popularity of ChatGPT in late 2022 has put AI in the spotlight for its potential to streamline work processes in every business, including the finance sector. How do organisations perceive and leverage AI to optimise their processes and what is the role of the finance professional in this landscape? This is what we attempted to explore in our latest research, entitled “ The future of credit management: AI and the role of the finance professional ”, deriving input from 30 interim pro

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RMAi Blog

OCTOBER 11, 2024

MENLO PARK, CA – Latitude by Genesys , a leading debt collection software solution, is dedicated to positively impacting the communities where its employees and executives live. Recently, Latitude donated to the Food Bank of Northeast Georgia, a non-profit organization committed to alleviating hunger and addressing food insecurity across the region.

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Collector Debt Collections 147

TreviPay

OCTOBER 10, 2024

The inaugural event welcomed 250 B2B experts to network, share and connect on important industry topics and buyer needs. OVERLAND PARK, Kan., October 10, 2024 – After three days of networking and dedicated discussions, the inaugural B2B payments conference, TreviPay Crossroads , has infused a surge of excitement into the industry. TreviPay , the most trusted B2B payments and invoicing network, welcomed 250 industry practitioners and trend setters to Kansas City last week for a carefully curated

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Transactions 116

Accounting Department

OCTOBER 8, 2024

Budgeting is crucial for any business that wants to succeed in the long term. As a business owner of a small to medium-sized business, you may have experienced the challenges of creating and implementing a budget.

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Small Businesses 111

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.

Bad Debt

Loomis Sayles Credit Research

OCTOBER 7, 2024

We are in the home stretch of what has been a record year for global elections, with roughly half of the world’s population heading to the polls. [i] As pivotal elections and their results play out across global economies, populism has become a central theme in many campaigns and headlines. Consequently, investors are weighing how various populist policies, with their diverse forms and ideological perspectives, might influence economic activity and market sentiment.

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TMC Financing

OCTOBER 9, 2024

490 Small Businesses Served, Securing Over $1.8 Billion in Total Financing for Fiscal Year 2024 For the fourth consecutive year, TMC Financing is named the No. 1 U.S. Small Business. The post TMC Financing Celebrates Four Consecutive Years as the Nation’s #1 SBA 504 Lender, Breaking New Records appeared first on TMC Financing.

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Small Businesses 105

Your Virtual Credit Manager

OCTOBER 8, 2024

Companies selling other businesses on open terms need to ensure any collection agency partners can effectively collect non-performing receivables. Doing this involves taking a series of proactive steps. These measures will minimize bad debt losses, maximize collection rates and thereby help maintain healthy cash flow, but require the establishment of credit and collection policies with a mind to the possibility that the customer you approve for open credit terms might eventually not be forthcomi

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Third Party Collections Credit and Collections Bankruptcy Bad Debt 100

Due

OCTOBER 10, 2024

Eight individuals in the Eastern District of New York have been charged with participating in a $68m Medicaid fraud scheme targeting adult day care and home healthcare services. The indictment was unsealed today in Brooklyn, New York, and focused primarily on Akia Khan, who owned two social adult daycares, Happy Family Social Adult Day Care Center Inc.

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RMAi Blog

OCTOBER 10, 2024

The Receivables Management industry mourns the loss of a true visionary, Larry Vasbinder, founder of Second Round, who passed away unexpectedly this past weekend after post-surgical complications. Larry’s legacy is one of innovation, resourcefulness and an unwavering commitment to improving the consumer experience. His absence is deeply felt. Starting his career in public accounting in 1990, Larry became a Certified Public Accountant and joined the tax department of KPMG Peat Marwick, furthering

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Abrigo

OCTOBER 9, 2024

How to build a successful Q factor framework under CECL Understanding the quantitative side of the CECL calculation means developing defensible qualitative factors, or Q factors. Learn best practices to adjust for risk. Would you like other articles on CECL and Q Factors in your inbox? Takeaway 1 Q factors offer a way to adjust for risks that aren't fully captured in historical data or quantitative models Takeaway 2 Building a robust Q factor framework requires a systematic approach, regular mon

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CECL Credit Unions 78

Reorg Blog

OCTOBER 8, 2024

Today, we consider an attempted “parade of horribles” in the Venezuela/Citgo sale proceeding, another dubious disclosure approval in Incora/Wesco and Judge Goldblatt’s Pension Claims Ruling in Yellow.

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CreditStrong for Business

OCTOBER 11, 2024

Faster funding speeds and more lenient qualification standards are among the biggest perks that hard money loans have to offer. Nonetheless, there are still qualification requirements that you’ll need to satisfy as a real estate investor when you apply for financing. Most hard money lenders require a hefty down payment, experience as a real estate investor, a good personal credit score, and a certain loan-to-value ratio.

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Credit Scoring Credit Unions Bankruptcy Default 52

RMAi Blog

OCTOBER 11, 2024

CINCINNATI, OH – Slovin & Associates , a collections law firm headquartered in Cincinnati, OH, is committed to making a difference not only through their legal expertise but also by supporting important causes that uplift the most vulnerable. One such cause that the Slovin team identified is helping Lighthouse Youth Services (LYS), a non-profit organization dedicated to helping underrepresented youth and families in need, particularly those dealing with homelessness or runaway situatio

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Law Firms Bankruptcy 130

Due

OCTOBER 11, 2024

When we discuss the “rich vs. poor mindset,” we often refer to the underlying attitudes, behaviors, and habits that shape our approach to life. These ingrained patterns can pave the way for success or hinder our progress, often without conscious awareness. As David Meltzer points out, the “99 percent” often adopt a scarcity mindset , believing that resources are limited and competition is fierce.

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Reorg Blog

OCTOBER 11, 2024

Judge Christopher Lopez has denied motions to transfer the Red River Talc case to New Jersey.

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Bankruptcy 52

CreditStrong for Business

OCTOBER 11, 2024

Dun & Bradstreet (D&B) is one of the major commercial credit bureaus in the United States and provides various data analytics services. That includes assigning DUNS Numbers, which serve as a unique identifier for each company in their system. Here’s everything you should know about DUNS Numbers, including how they work, the benefits they provide, and how to get one for your business.

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Credit Scoring Credit Application 52

RMAi Blog

OCTOBER 11, 2024

RMAI extends its thoughts of support to all of those affected by Hurricane Milton. RMAI recommends all members temporarily suspend collection calls and communications to consumers in the portions of Florida who are directly affected by this emergency. Information on the impact of Hurricane Milton can be found on the Florida Division of Emergency Management website.

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OCTOBER 11, 2024

The Federal Reserve, often called the Fed, plays a pivotal role in the U.S. economy. Tasked with implementing monetary policy, the Fed manages the money supply and interest rates to achieve stable prices, maximum employment, and moderate long-term interest rates. The Fed has a history of aggressively raising and cutting rates to manage economic conditions, a strategy that has significant implications for the financial market.

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Reorg Blog

OCTOBER 11, 2024

The post BREAKING: Red River Talc Case to Stay in SDTX; Court Rejects Motions to Transfer Venue to New Jersey, Says ‘This Case Will Be Dismissed or Confirmed’ appeared first on Reorg.

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CreditStrong for Business

OCTOBER 11, 2024

When you’re establishing yourself as a small business owner, there are dozens of administrative tasks begging for your attention. As a result, it’s easy to overlook some significant but less obvious steps, like getting yourself a 411 business listing. Here’s everything you need to know about 411 listings, including how they work, why they matter, and the steps you should take to set one up for your business.

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Credit Scoring Deductions Small Businesses 52

Grit

OCTOBER 11, 2024

In the fast-paced world of eCommerce, efficiency and automation are key to staying ahead of the competition. For BigCommerce users, leveraging automation can streamline operations, enhance customer experience, and ultimately boost sales. In this blog post, we’ll explore the top automate website actions that every BigCommerce store owner should know.

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OCTOBER 11, 2024

At just 17, Angela Elena Olazaran Laureano has significantly impacted healthcare access and STEM education in Mexico. Last month, she won the Chegg.org Global Student Prize 2024 and a $100,000 award at UN Week in New York City. Selected from over 11,000 nominations across 176 countries, Angela’s journey shows the power of innovation and determination.

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Chaser

OCTOBER 10, 2024

Receivables management can pose a range of challenges for businesses. Common pain points include late payments from customers, which disrupt cash flow and often involve time-consuming follow-ups and manual, repetitive debtor management tasks which many businesses lack the time and resources to complete.

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CreditStrong for Business

OCTOBER 11, 2024

Do you really want your home address to pop up when someone searches for your small business? It might not seem like a big deal, but your privacy and safety are important to consider. Presenting a professional image to your customers is a top priority too. Using a virtual business address helps with those issues and more. In this article, we’ll cover how they work and how to get one.

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Credit Scoring Small Businesses 52

Gaviti

OCTOBER 10, 2024

CFOs are under constant pressure to increase efficiency in operations while at the same time cutting costs, ensuring healthy cash flow. At the same time, they must be able to gather and analyze data to quickly make the right decisions that contribute to business growth. These pressures are driving them to adopt a range of autonomous finance tools, including those in accounts receivable.

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Invoice to Cash Credit and Collections Payment Portals DSO 52

Due

OCTOBER 10, 2024

TD Bank has pleaded guilty and will pay over one billion dollars to end a Justice Department investigation into violations of the Bank Secrecy Act (BSA) and money laundering. TD Bank has agreed to forfeit $452,432,302.00 and pay a criminal fine of $1,434,513,478.40, for a total financial penalty of $1,886,945,780.40. The IRS Criminal Investigation Department, the Federal Deposit Insurance Corporation Office of Inspector General, and the Drug Enforcement Administration investigated the case.

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Transactions 52

blue dot counseling

OCTOBER 9, 2024

I come to praise spreadsheets not to bury them - but you may not have the balance right. The post Spreadsheets in accounting – use fewer of them but learn how to build them better appeared first on Blue Dot Consulting.

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CreditStrong for Business

OCTOBER 11, 2024

The SBFE abbreviation stands for the Small Business Financial Exchange. The organization was established in 2001, and it describes itself as a small business lending trade association. The goal of the organization is to serve the business lending industry by providing accurate and reliable data to help lenders predict small business credit risk. As a small business owner, it’s important to understand how the SBFE could impact you when you need to apply for new business financing.

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Credit Reporting Agencies Credit Scoring Credit and Collections Small Businesses 52

Grit

OCTOBER 9, 2024

With the right strategies in place during Cyber Week, you can maximize your sales and attract more customers. One effective way to do this is by utilizing coupons to incentivize purchases. In this blog post, we’ll explore how to automate Cyber Week coupons and their management on BigCommerce, streamlining your promotional efforts and ensuring you get the most out of Cyber Week.

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Due

OCTOBER 10, 2024

The September jobs report, recently released, has sparked a surge in early trading of stocks. This report, which focuses on unemployment rates, has been a significant factor in the financial market’s performance. Unemployment rates have been on an upward trend since early 2023, causing concern among investors and policymakers. However, the September report brought welcome news as unemployment rates decreased, mirroring the trend observed in August.

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