RevCycle

JULY 6, 2021

Healthcare consumerism and patient responsibility have seen a coinciding rise over the last decade plus. The COVID-19 pandemic served to exacerbate the difficulties many patients face with their out-of-pocket balances. The following excerpt is from a recent Forbes article : “ According to interviews AccessOne conducted with 47 healthcare billing executives, 43% of providers reported increases in patient requests for payment plans even as hospitals face their own financial struggles, and 40% repo

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Bad Debt Payment Portals Credit and Collections Default 130

Abrigo

JULY 1, 2021

Identify Human Trafficking via Transactions Banking professionals run across many types of transactions pointing to human trafficking. Here are tips to spot them from Love Never Fails Founder Vanessa Russell. You might also like this webinar: "Human Trafficking - Close to Home" WATCH . Takeaway 1 Some financial transactions flag human trafficking because they are from websites notorious for this behavior.

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Transactions 148

Business Credit

OCTOBER 18, 2021

Build Business Credit In today’s post we share five key strategies for building business credit easily and quickly. These five strategies provide a fast and efficient way to establish your business credit file with major business credit reporting agencies. If your new to building business credit it’s important to recap on why it’s an essential […].

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Credit Reporting Agencies 144

Commercial Credit Group

SEPTEMBER 2, 2021

When companies consider financing the purchase of a new or used piece of equipment, the monthly payment amount can be critical. In many cases, the target amount of the payment is determined based upon cash flow needs or what the business can afford.

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Accenture Credit Management

JANUARY 22, 2021

Over the past decade, banks have focused on building lifelong relationships with their customers. With COVID-19, customers are experiencing one of the most stressful financial times in recent memory, through no fault of their own. This is a “make or break” moment for banks. How customers are treated right now will shape the customer relationship…. The post The Paradox of Human-Based Collections and How to Overcome It appeared first on Accenture Banking Blog.

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Credit Management 62

Beyond Capital Blog

DECEMBER 30, 2021

How do you find the best American Express business credit card when there are so many options? No problem. We’ve whittled the list down to 5. The post Here Are the 5 Best American Express Business Credit Cards appeared first on Fast Capital 360.

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The Business Backer

DECEMBER 20, 2021

We’ve explained why your business credit score matters — it can help you secure financing, receive better insurance rates, and negotiate the terms. The post 7 Tips for Building a Great Business Credit Score appeared first on The Business Backer.

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Credit Scoring Small Businesses 52

Headway Capital

DECEMBER 15, 2021

Business expansion doesn’t occur overnight. It takes careful planning to ensure that you have all the right tools to build. The post How to Build Your Business Expansion Plan appeared first on Headway Capital Blog.

Small Businesses 52

Small Businesses 52

FNB Small Business

DECEMBER 14, 2021

Obtaining financing for your business is an exciting time, but it can also feel intimidating if you don’t know what to expect. Whether you’re launching a start-up, acquiring an existing business, acquiring or constructing a building to operate from, or opening a franchise, there are some common steps to the SBA lending process that you should know. Read More.

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JSP Credit Management

DECEMBER 14, 2021

One of the numerous benefits of working across different industries in the debt collection industry is that you get to see the wide variety of different payment arrangements that are adopted by different companies, and sometimes entire sectors too. We imagine that those differences are more or less suitable to the supplies that are involved with them and this blog is going to be looking at one of those in particular: the pay when paid policy.

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Law Firms Credit and Collections Debt Collections Credit Risk 52

RevCycle

MAY 14, 2021

Regulation F and the CFPB commentary are over 900 pages of regulatory changes to everyday operational matters faced by the debt collection industry. Our team has spent months reviewing Regulation F for the purposes of implementing adjustments to our processes (you can learn about our organizational structure including Alliance Collection Agencies here ).

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Collector Debt Collections Credit and Collections 130

Abrigo

JUNE 14, 2021

Create an effective sanctions program Considering the current economic and political environment, it is crucial that financial institutions maintain a strong sanctions compliance program (SCP). Would you like others articles like this in your inbox? Takeaway 1 OFAC has issued new guidance on the essential components of a strong compliance program. Takeaway 2 Financial institutions must train front-line staff to identify behavioral red flags that could indicate elder financial abuse.

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Transactions 148

Business Credit

NOVEMBER 9, 2021

New Prepaid Business Credit Card Not all businesses can get approved for a line of credit or unsecured business credit card. Whether it’s due to limited credit or negative credit or little to no business credit, a prepaid business credit card offers an ideal solution. With a pay-as-you-go option, the prepaid business credit card puts […]. The post New Prepaid Business Credit Card – Reports to Dun and Bradstreet and SBFE appeared first on Business Credit.

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Commercial Credit Group

AUGUST 9, 2021

Over the years many companies have saved on their taxes by taking advantage of Section 179 and Section 168(k) of the IRS Tax Code. Herein we’ve provided some information about the opportunity for tax savings, the changes, and things to consider in order to take advantage of the tax benefits.

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Deductions 95

SMB Commercial Lending

DECEMBER 1, 2021

The SBA delivered a record number of its traditional loans to our nation’s small businesses while also scaling up to meet the immense demand for COVID-related economic relief. This year, SBA has overseen the distribution of nearly $416.3 billion in emergency relief aid to more than 6 million impacted small businesses through the Paycheck Protection Program ($280 billion), Restaurant Revitalization Fund ($28.6 billion), Shuttered Venue Operators Grant ($13.4 billion), COVID Economic Injury Disast

Small Businesses 52

Small Businesses 52

Beyond Capital Blog

DECEMBER 30, 2021

What’s the best place to save money you earn from your small business? Here’s our guide to 12 of your best options. The post The Best Place to Save Money: 12 Ideas for Entrepreneurs appeared first on Fast Capital 360.

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Small Businesses 52

Collenda

DECEMBER 7, 2021

This is what logistics companies should look out for when choosing their receivables management software. The choice of software for receivables management is difficult and is based on many criteria such as company size, orientation or industry. In the transport and logistics industry, liquidity plays a major role due to the high level of fixed assets.

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Days Sales Outstanding DSO Credit and Collections Dashboards 52

Commercial Lending

NOVEMBER 17, 2021

Listen to Audio Segment of Brad on Real Estate Revealed Here: [link]. . Brad Hettich on Real Estate Revealed, Sunday, October 31, 2021. Transcript of Real Estate Revealed Radio Show on AM560 from Sunday, October 31, 2021. . Happy Halloween. . . I know my topic is “Scary Commercial Lending Stories”, and stories that actually stoke fear in commercial lending are rare.

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Transactions 52

aptic

NOVEMBER 3, 2021

Now that most economies are reopening, the question is how the various sectors will recover. From U-shape to V-shape and even K-pattern, just about the entire alphabet of outcomes is possible. What is becoming clear is that a steep upward swing isn’t on the cards for every area, so it’s important to remain vigilant and monitor your credit management more closely than ever.

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Credit Management 52

Credisense

OCTOBER 28, 2021

Automating identity verification using biometrics is one way to speed up your credit decisions and streamline customer onboarding. The reality of customer origination. Many businesses, including financial institutions, telcos, utilities, lawyers, accountants, and trade credit providers, operate in a transactional environment that requires fast credit decisions and onboarding journeys.

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Credit and Collections Credit Application Transactions 52

JSP Credit Management

NOVEMBER 15, 2021

Things have been fairly challenging here at JSP Credit Management’s headquarters just lately. An ever-increasing workload has placed some pressure on our ability to meet some of our usual deadlines, such as our weekly blog, for example. We apologise for that, as realise that some of our followers enjoy reading them. However, and despite what the title of this blog may suggest, we have not decided to abandon credit management for a career in tourism or life coaching.

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Collector Credit and Collections Bad Debt DSO 52

Actico

SEPTEMBER 13, 2021

Lending in banks offers numerous opportunities to digitize and fully or partially automate manual processes. In the blog article, we show which elements in the credit risk process are suitable for this.

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Credit Risk 52

Abrigo

JUNE 3, 2021

Cryptocurrency continues gaining traction. As the cryptocurrency industry continues to expand, financial institutions must remain vigilant to thwart cybercriminals. Want more BSA training and articles emailed to you? Takeaway 1 The cryptocurrency industry has expanded quickly. Cybercriminals have caught on. Takeaway 2 While crypto crime fell in 2020, there are many risks financial institutions must be aware of.

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Cybersecurity Credit Unions 147

Business Credit

JANUARY 5, 2021

Net 30 Vendors for Building Business Credit In today’s post we’re going to share with you our top five net 30 vendors for building business credit. Best of all, these five vendors will extend credit to your business without a personal credit check or personal guarantee. Whether your business is just getting started or if […]. The post Top 5 Net 30 Vendors for Building Business Credit appeared first on Business Credit.

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Commercial Credit Group

NOVEMBER 19, 2021

The end of the year is upon us and tax season is just around the corner. Now is a great time to review some of the, often overlooked, business expenses that may seem mundane and insignificant, but left unchecked can be costing your company thousands of dollars.

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SMB Commercial Lending

OCTOBER 13, 2021

A special fireside chat with Administrator Guzman and other SBA leadership will kick off the two-part event, followed by a virtual panel discussion with entrepreneurs about SBA’s economic relief programs WHAT : SBA Celebrates National Hispanic Heritage Month: Testimonies of Excellence & Pride (Excelencia y Orgullo). The U.S. Small Business Administration will hold a virtual fireside chat to discuss entrepreneurship in the Hispanic community with SBA Administrator Isabella Casillas Guzman , A

Small Businesses 52

Small Businesses 52

Beyond Capital Blog

DECEMBER 30, 2021

An ACH loan can help you obtain fast funding for your business without the strict requirements of a bank loan. Find out more, including the pros and cons. The post How Do ACH Loans Work for Small Businesses (and What Are the Benefits)? appeared first on Fast Capital 360.

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Small Businesses 52

Regal Credit Management

SEPTEMBER 6, 2021

What qualifies as bad credit? According to FICO , a score between 580 and 669 is fair, while a score between 300 and 579 is very poor. In this article, we’ll assume bad credit falls somewhere between 580 and 620, which is the lowest score you can have—while still getting approved for a mortgage. To show how much a person with bad credit has to shoulder in comparison to a person with excellent credit, we’ll compare the interest payments of Bad Credit Joe to Excellent Credit Jack across 3 categori

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Credit Scoring Credit Management Default 52

Commercial Lending

OCTOBER 25, 2021

Listen to Audio Segment of Brad on Real Estate Revealed Here: [link]. Brad Hettich on Real Estate Revealed, Sunday, October 17, 2021. . Transcript of Real Estate Revealed Radio Show on AM560 from Sunday, October 17, 2021. . Good morning. . . I wanted to spend some time this morning talking about some of the pros and cons of debt and leverage when it comes to commercial lending. . .

Transactions 52

Transactions Small Businesses 52

aptic

OCTOBER 12, 2021

In the wake of the banking crisis, the European Central Bank (ECB) defined three grades of non-performing loans: past due, unlikely-to-pay (UTP) and bad loans. Today, the UTP category is more relevant than ever in the field of credit management. To identify UTP debts, you need to pick up on the warning signs in good time. In 2014, the ECB published a guide for European banks to prevent another banking crisis.

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Bad Debt Credit and Collections Bankruptcy Invoice to Cash 52

Credisense

SEPTEMBER 15, 2021

Transform customer onboarding with effortless and enjoyable digital experience using electronic biometric verification software. Biometrics: a new normal for customer experience. Even before COVID-19, the world was going digital. But the pandemic accelerated the shift more quickly than anyone could have predicted. With stay-at-home orders in place, the introduction of remote working and remote learning, and widespread wariness about in-person transactions, many aspects of consumers’ lives became

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Transactions 52