RMAi Blog

APRIL 20, 2023

An Initiative Dedicated To Planting Trees Around The World to further our sustainability efforts. ARIZONA, Apr. 20, 2023 — Remitter, a digital communication and collections platform announces it’s partnership with One Tree Planted, a globally recognized non-profit organization focused on reforestation and environmental conservation efforts. For every client we onboard Remitter pledges to plant 10 trees in regions where they are needed most.

130

130

Due

APRIL 20, 2023

Forward-thinking investors often hunt for smart and safe avenues to grow their funds. Being a strategic investor, you wouldn’t hesitate to consider compound interest as the ‘eighth wonder’. Simply defined, compound interest is the interest that you accumulate on top of the interest and principal amount. Sounds confusing? Don’t fret! 69% of Americans don’t understand how compound interest works.

Brokerages 105

Brokerages Credit Unions 105

incfile

APRIL 19, 2023

The year 2022 has been a matter of survival for small businesses, many of which are still struggling to stabilize since the COVID-19 pandemic. As the dust settles in 2023, companies are embracing new small business trends that can have a huge impact.

Small Businesses 98

Small Businesses 98

Waystar

APRIL 19, 2023

Today, the patient financial journey has the power to define a patient’s entire healthcare experience. It sounds hyperbolic, but the data bears it out. “When you think about the patient experience as a whole, the first and last touchpoints are financial interactions,” says Nadia Critchley, Senior Analyst, Research & Advisory at The Academy.

98

98

RMAi Blog

APRIL 17, 2023

For over eight years, Event & Sales Development Manager Sylvia Done has been working hard to give RMAI members experiences they will remember. Event & Sales Development Manager, Sylvia Done. In addition to overseeing the planning process for all RMAI events like Annual Conference, Executive Summit, and Regional Events, she also has her hands in all things exhibits and sponsorship development.

130

130

TMC Financing

APRIL 18, 2023

“Greening” your building is more than just an architectural fad. It is the way of the future, and a huge money saver. The post Using the SBA Green Energy Program to Increase Commercial Financing appeared first on TMC Financing.

98

98

Waystar

APRIL 18, 2023

This is the seventh post in a new Waystar blog series: 7 steps to sharpen your healthcare revenue cycle. Can’t wait for a new blog each week? Download the eBook to learn 7 steps for maximizing your healthcare RCM software. Maximizing patient collections in healthcare is an increasingly common — and critical — goal. When up to 30% of a provider’s revenue comes directly from patients , you need to fine-tune every piece of your collections cycle.

Transactions 98

Transactions 98

RMAi Blog

APRIL 20, 2023

Startek integrated Zenarate into its Startek Agent AI to enhance employee experience and deliver a superior customer experience PALO ALTO, Calif. and DENVER, April 20 — Zenarate, the leading Simulation Training solution, today announced that Startek ® (NYSE: SRT), a global customer experience (CX) solutions provider, is using its AI Coach to provide immersive training to its contact center teams.

100

100

Know-It Global

APRIL 19, 2023

Company insolvencies continue to climb steeply March monthly insolvency statistics reveal. 2,457 businesses in England & Wales entered liquidation, an increase of 16% year on year. In Scotland the figure is 21% higher compared to March 2022, with 140 insolvencies recorded. The rise of Creditors’ Voluntary Liquidations (CVLs) paints an extremely bleak picture. 2,115 CVLs were recorded across England, Scotland & Wales in March, up 10% in just one year.

Bad Debt 98

Bad Debt Credit and Collections Credit Risk Credit Management 98

Gaviti

APRIL 18, 2023

To effectively tackle a recession, it’s essential to understand the economic factors that contribute to it. In the recession we are currently experiencing, interest rates and inflation rates are playing a major role. This blog post will explore various strategies that finance and collections teams can adopt to better handle issues that might arise from these recent unyielding interest rate increases.

DSO 97

DSO 97

incfile

APRIL 19, 2023

You never know where your next business idea will come from. In fact, 47% of non-business owners have had multiple small business ideas , while 27% have had just one. Inspiration has a way of striking when you least expect it — but no matter how much passion you pump into your latest venture, you still need to pause and consider the profitability that it might yield.

Small Businesses 96

Small Businesses 96

Credit Management Group UK

APRIL 18, 2023

Typically local government and large corporate companies suffer from bureaucratic delays on payment. Part of the process for on boarding a new customer should be to establish your customers process for authorisation and payment. Does your invoice need to contain specific information required for your customer to easily identify and authorise? Such as delivery address, site name, department etc.

Credit Management 94

Credit Management 94

Chaser

APRIL 21, 2023

I am proud to share that Chaser's Chief Executive Officer, Sonia Dorais has won the Outstanding Leader in Collections Awards at The Leadership Awards 2023.

98

98

Abrigo

APRIL 21, 2023

Focus loan reviews on risk in the portfolio Continuous loan review monitoring helps banks and credit unions ensure credit review systems support safe and sound lending. You might also like this webinar, "Return to basics: Asking the right credit risk questions." WATCH Takeaway 1 Continuous monitoring for loan review helps create and support a system for independent credit risk review.

Credit Unions 78

Credit Unions Credit Risk Small Businesses 78

The Red Spectrum

APRIL 20, 2023

Credit Limit: What is it? A credit limit is the highest amount of credit that a financial institution grants to a client on a credit card or a line of credit. Lenders typically establish credit limits based on various pieces of information about the credit-seeking applicant, including their income and employment status. Credit limits are a crucial factor that can impact consumers’ credit scores and their capacity to obtain credit in the future.

Credit Scoring 90

Credit Scoring Credit Reporting Agencies 90

Lendio

APRIL 20, 2023

Financial metrics can provide valuable insight into the strength of your business’ financial position and performance. Profitability ratios are among the most important metrics, since maximizing profits is most businesses’ primary goal. Here’s what you should know about profitability ratios to use them effectively in your financial planning, including what they are, which ones are most common, and how to calculate them.

Deductions 87

Deductions 87

Chaser

APRIL 19, 2023

I am thrilled to share that Chaser has been shortlisted for two awards at the 2023 Credit Awards; Best Company to Work For and Best Use of Technology.

98

98

Due

APRIL 21, 2023

Your future is largely determined by how you plan your finances today. As you weigh your financial goals, you find it increasingly challenging to allocate funds to different needs and wants! You might want to invest in stock markets, REITs, bonds, or simply put aside funds for your kids. Timely financial planning makes your lifestyle organized! Well, as much as 56% of Americans don’t even have $1,000 in their savings account.

78

78

Accounting Department

APRIL 18, 2023

Opportunity cost is a concept in business that refers to the value of the best alternative forgone in order to pursue a certain action or decision. It is a crucial element to consider when evaluating the benefits and drawbacks of various options, particularly in business.

Small Businesses 76

Small Businesses 76

Lendio

APRIL 21, 2023

The U.S. tax code is known for its complexity. It’s hard enough for individuals to keep up with all the rules involved in preparing a personal tax return, but businesses have it even harder. Businesses are required to pay types of taxes, file entity tax returns, and ensure that they are compliant with all applicable regulations. We’ll take a look at why it’s important for business owners to understand business taxes, the various types of taxes that businesses are subject to, and ways to minimize

Small Businesses 77

Small Businesses Deductions Credit and Collections 77

Enterprise Recovery

APRIL 21, 2023

A typical services contract requires a retainer or ongoing payments. Businesses selling software-as-a-service (SaaS), or anything else "as-a-service," rely on monthly or annual fees from subscribers. If those subscribers fail to meet their obligations, their accounts can be sent to collections for recourse. Non-payer churn is one of many reasons that Saas companies need debt collection services.

Debt Collections 71

Debt Collections 71

Due

APRIL 19, 2023

If you’re reading this article, it may be because you’ve recently heard about rising inflation. We can all recognize inflation as a phenomenon even if we aren’t familiar with the word “inflation.” We can see it at the gas pump, grocery store, and many other places. While inflation is inevitable and part of a normal economic cycle , there is an ideal rate the Federal Reserve (the U.S. central banking system in charge of managing inflation) is constantly striving toward.

69

69

Chaser

APRIL 20, 2023

We are proud and excited to share that Chaser has won UK Small Business App Partner of the Year at the Xero Awards 2023. The award recognises app partners with a proven track record of growth with Xero’s UK customers, who provide a fantastic user experience and have a world-class engagement program. The Xero Awards are a celebration of excellence among Xero’s accounting, bookkeeping and app partners that help small businesses thrive around the globe.

Small Businesses 74

Small Businesses 74

Accounting Department

APRIL 20, 2023

In the fast-paced world of e-commerce, effective financial management is key to achieving long-term success for your Amazon business. Bookkeeping services play an essential role in handling your financial transactions, ensuring accuracy, and assisting you in making informed decisions. This article delves into the process of finding the perfect bookkeeping service for your Amazon e-commerce business and the factors to consider when making your selection.

Transactions 67

Transactions Small Businesses 67

incfile

APRIL 19, 2023

After serving more than 1,000,000 small business owners, there are some truths we know about entrepreneurs. They are adaptable. They are resilient. And they seem to be made of tougher stuff than the average person.

Small Businesses 59

Small Businesses 59

Due

APRIL 18, 2023

If you didn’t take an economics class in high school, you might have lived most of your young life not understanding much about investing and the financial world. Picking between different investment tools and understanding concepts like inflation and recession isn’t always intuitive. If you’re someone who rolls your eyes at your uncle every time he mentions crypto at Thanksgiving but doesn’t understand crypto yourself, you’re not alone.

64

64

The Esker Blog

APRIL 18, 2023

As businesses grow, there may be better approaches than solutions in Customer Service that worked a year ago. There are processes associated with everything your organization does, both externally and internally. Which ones should be improved now? Which ones are most crucial to your customers and your productivity? Would improving one particular process help your organization directly reach its current B2B customer experience objectives?

Transactions 59

Transactions 59

The Red Spectrum

APRIL 20, 2023

Building business credit is essential for small businesses looking to grow and expand. Without a strong credit score, securing financing or partnerships that can help your business thrive can be difficult. In this article, we will provide you with a comprehensive guide on how to build business credit for your small business. Business credit is separate from personal credit, which is based on your personal credit score and history.

Small Businesses 56

Small Businesses Credit Scoring Credit Reporting Agencies Transactions 56

incfile

APRIL 17, 2023

In the early days of your small business, you’re often still learning as you go, deciding what processes you need to put in place and how to optimize your operation going forward.

Small Businesses 52

Small Businesses 52

Due

APRIL 19, 2023

Retirement is no longer a sure thing for many people as defined-benefit pension plans are steadily declining. As of March 2022 , 12% of private industry workers and 34 % of state and local government workers had access to both defined benefits and defined contribution plans. Conversely, only 3% of private industry workers have access to defined benefit plans, while 53 % of state and local government workers do.

Brokerages 59

Brokerages Deductions Credit and Collections Transactions 59

Lendio

APRIL 21, 2023

The current ratio is a financial ratio that is calculated by dividing a company’s current assets by its current liabilities. Current assets consist of cash and assets like accounts receivable and inventory that a business expects to convert to cash within the next year. On the other hand, current liabilities are liabilities like accounts payable and accrued compensation that a business expects to pay off within the next year.

Credit and Collections 52

Credit and Collections Transactions 52