GoCardless

FEBRUARY 17, 2022

Discover how to make an application for payment.

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Reorg Blog

JUNE 16, 2023

The post BREAKING: Mallinckrodt Opts Against Making Interest Payments on 11.5% 1L Senior Secured Notes due 2028, 10% 2L Senior Secured Notes due 2029 appeared first on Reorg.

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Reorg Blog

AUGUST 29, 2023

The post As Cleveland-Cliffs Contemplates Acquisition of US Steel, Its Ability to Make Investments, Pay Dividends Is Unrestricted While in Compliance With ABL Payment Conditions, Ability to Incur Secured Debt Limited by Unsecured, Nonguaranteed Notes Due 2040 appeared first on Reorg.

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RevCycle

APRIL 25, 2024

While Artificial Intelligence (AI) is making waves in the debt collection industry, this paper argues that a human-centric approach focused on empathy, understanding, and flexible solutions can achieve higher netback for healthcare providers while treating patients with dignity and respect.

Debt Collections 224

Debt Collections Collector Medical Billing Deductions 224

RevCycle

DECEMBER 7, 2023

It’s also a time when many businesses experience an increase in delinquent payments. Reducing delinquent payments during the holiday season is crucial for businesses, as it can significantly impact cash flow and profitability. This eliminates delays and simplifies the payment process.

Alternative Payment Methods 223

Alternative Payment Methods Credit and Collections Credit Scoring Payment Portals 223

GoCardless

FEBRUARY 2, 2021

Keep track of your money overseas with international payment systems

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RevCycle

MARCH 20, 2024

This article explores the financial struggles of rural healthcare in the Great Lakes region and proposes solutions, including implementing flexible payment policies, up-front collections, and partnering with high-quality collection agencies, to create a more sustainable future. Implementing a flexible payment policy can be a game-changer.

Medical Billing 231

Medical Billing Insurance Companies Deductions 231

Your Virtual Credit Manager

APRIL 9, 2024

Any delays in receiving payments from customers can, therefore, have a more pronounced effect on a company's bottom line profits. Offering early payment discounts and leveraging technology will streamline invoicing and collection processes, ultimately strengthening financial resilience against fluctuating economic conditions.

Credit and Collections 130

Credit and Collections Accounts Receivable (AR) Credit Card Payments Collections Automation 130

Your Virtual Credit Manager

APRIL 16, 2024

Despite advances in workflow automation and payment technology, collecting commercial receivables is not getting any easier. Despite improvements in order-to-cash (O2C) processing, the explosion in digital payment mechanisms creates new complications. check, ACH, credit card, etc.),

Accounts Receivable (AR) 130

Accounts Receivable (AR) Debt Collections Credit and Collections Collector 130

Your Virtual Credit Manager

JANUARY 31, 2023

If a customer promises to pay by a specific date and payment is not received by that date, unless you immediately follow up you you are wasting your previous collection efforts. For more on this subject, check out our post on dealing with payment excuses. Subscribe now Ten Primary Causes of Customer Late Payments 1.

Credit and Collections 246

Credit and Collections Bankruptcy Past Due Invoices Credit Management 246

Your Virtual Credit Manager

MAY 14, 2024

Since payment of Accounts Receivables (AR) is the primary source of regular cash inflows for most companies, you need to also track your AR to not only maintain its health as well as to better manage it and ensure maximum cash inflow. Simply make room on your daily log for weekly totals. running short of cash can be a disaster!

AR Metrics 130

AR Metrics DSO Credit and Collections Accounts Receivable (AR) 130

Lendio

MAY 6, 2024

As more American consumers utilize next-generation payment methods like touchless transactions or smartphone payments, there’s a general sense that we’re headed toward a cashless world. If you’re trying to decide whether you should accept credit card payments, it’s never been easier.

Credit Card Payments 98

Credit Card Payments Small Businesses Credit and Collections Transactions 98

GoCardless

AUGUST 30, 2021

Is your website optimised for easy online payments?

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RevCycle

JULY 26, 2023

Medical debt credit cards often have high interest rates and fees, which can make it difficult for patients to repay their debts. Healthcare providers should make sure that patients understand the terms and conditions of these cards, including the high interest rates and fees. Offer alternative payment options.

Collector 223

Collector Credit and Collections Medical Billing Debt Collections 223

Your Virtual Credit Manager

JANUARY 16, 2024

Late payments and even non-payment are simply inevitable. This also requires that your don’t set yourself further behind by making mistakes collecting your debts. Poor Record Keeping You also need maintain accurate records and documentation of the debt, payments and adjustments.

Debt Collections 130

Debt Collections Collector Credit and Collections Bad Debt 130

Your Virtual Credit Manager

DECEMBER 19, 2023

If they are the result of a payment deduction (partial payment), an issue requiring an administrative solution, not handling the matter inflates your AR. Anytime there is a payment deduction or a partial balance is left on an invoice, it should be a matter of policy to resolve the underlying issue within 30 days.

DSO 130

DSO Third Party Collections Credit and Collections Deductions 130

SAP Credit Management

AUGUST 18, 2023

During the year 2021 and 2022 It was implemented in FICA as Brazilian Localization a new payment method called PIX. It’s a instant payment method created by Central Bank Brazil and it reduced cost for entities to release payment and receivables.

Transactions 152

Transactions 152

SAP Credit Management

AUGUST 15, 2023

Introduction: In SAP, when making payments to a vendor through the Automatic Payment Program (APP), the system typically defaults to selecting the first bank account listed in the vendor master data. However, there are scenarios where businesses need to make payments using different bank accounts associated with the same vendor.

Default 147

Default Transactions 147

Your Virtual Credit Manager

SEPTEMBER 26, 2023

The most common and easiest way to do that is simply slow down payments to suppliers, especially in the last 4-6 weeks of the year. Share First, Clean Out the Garbage During the course of a year, your AR will accumulate partially paid invoices, payments that have not been applied or that have been misapplied, debit memos, and credit memos.

Credit and Collections 147

Credit and Collections Accounts Receivable (AR) Deductions Collector 147

Know-It Global

APRIL 2, 2024

New changes have come into place in April 2024, with updated standards for Prompt Payments being introduced. The Prompt Payment Law brings significant changes that will impact businesses across the country, so we’ve broken down the details to make sure you understand what this means for your business. Interested to try-it?

Credit and Collections 104

Credit and Collections Small Businesses Credit Management 104

Gaviti

APRIL 8, 2024

We suggest trying out each of these payment collection emails on your own clients and see which offer the best results. Example #1 Subject: Payment Reminder: [Invoice Number} Due on [Due Date] Hi [Client’s First Name], I hope all is well. At this point, you’ve given the client multiple chances to discuss payment problems.

Credit and Collections 98

Credit and Collections Invoice Collections Invoice to Cash Invoice Amount 98

Due

MAY 7, 2024

If you have a fixed income, the compounding effect of these rates can increase your debt rapidly, making it more challenging to pay off. It can also take a toll on your emotions because constant worry about making ends meet and managing debt is highly stressful. High-interest debt can quickly compound and become unmanageable.

Credit and Collections 98

Credit and Collections Medical Billing Credit Card Payments Small Businesses 98

Credit Management Group UK

MARCH 24, 2024

Late payment can, at times, be done in all innocence but others will provide spurious excuses as to why you have not received payment, or just completely ignore you. Late payment from customers may seem like it is unavoidable, and it will be at times, but using small, simple tricks can make a massive difference.

Credit Management 83

Credit Management Credit and Collections 83

Due

MARCH 23, 2024

The co-signer is there to assure the lender that in case the primary borrower fails to make payments on the loan, the cosigner will step forward and make payments. However, since you may be limited financially, you don’t want to get to the point of having to step in to make payments instead of the primary borrower.

Credit Scoring 105

Credit Scoring Insurance Companies Bankruptcy 105

Lendio

MAY 17, 2024

But the truth is, they’re far from it—and knowing when to prioritize one over the other can help you make better strategic decisions in that moment. If you have a negative value, you’re spending more than you’re making over that timeframe and are operating with a loss. What’s the difference between cash flow and profit?

Credit and Collections 98

Credit and Collections Transactions Small Businesses 98

Abrigo

JANUARY 24, 2024

DOWNLOAD Takeaway 1 Preventing fraud is a top concern of credit unions considering adopting FedNow, the new instant payments infrastructure from the Federal Reserve. These include the ability to accept a payment without posting. Takea way 2 The FedNow Service has features to help prevent fraud from affecting credit unions and members.

Credit Unions 88

Credit Unions Credit and Collections Transactions Cybersecurity 88

Due

MARCH 4, 2024

This characteristic makes them an essential part of any well-diversified portfolio. In return for this loan, the bond issuer promises to pay back the borrowed amount after a specified period, along with regular interest payments, also known as coupons. This relationship is due to the fixed interest payments that a bond provides.

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Credit Management Group UK

JANUARY 27, 2024

Sub-contractors in particular can often bear the brunt of poor payment practices within the construction industry, and often lack of knowledge can make the situation worse. When is the ‘final date for payment’? once the work is completed.

Credit and Collections 90

Credit and Collections Credit Management 90

Gaviti

DECEMBER 12, 2023

These are just some of the uses that make strong cash flow an important metric for determining the health and potential longevity of businesses. When businesses waste resources and the accounts receivable departments drag their feet on securing payments, they tend to experience longer cash conversion cycles.

Credit and Collections 98

Credit and Collections Invoice to Cash Deductions Cash Applicator 98

Due

APRIL 15, 2024

The shift to cashless payments makes this more straightforward. On the revenue side, many modern payment processing systems automatically assign inbound transactions to a specific point of sale or channel while providing additional information about the purchaser and purchase method (such as credit card type or client bank).

Small Businesses 84

Small Businesses Bankruptcy Credit and Collections Business Bankruptcy 84

Lendio

MAY 3, 2024

Unlike personal credit scores, business credit scores take into account factors such as the company’s payment history, credit utilization rate, length of credit history, public records including bankruptcies, and the company’s size and industry. Credit history and age: How long has your business had financial liabilities?

Credit Scoring 94

Credit Scoring Credit and Collections Bankruptcy Transactions 94

Credit Management Group UK

MARCH 11, 2024

Agreeing payment plans with delinquent customers is a common part of credit control. We’ve included some guidelines to help you get the best outcome for your company and to make consequences of defaulting on the agreement clear to your customer.

Default 76

Default Credit Management 76

Credit Management Group UK

NOVEMBER 23, 2023

Understanding how to chase for payment effectively will vary depending on your customer type and payment history. Make detailed notes for each account Prior to contacting a customer you need to be up to speed with their account and recall any previous contact with them.

Credit and Collections 89

Credit and Collections Credit Management 89

Due

MARCH 8, 2024

Whether you’re a retiree eager to make a lasting impact or want to make better financial decisions, knowing CRTs can change your overall retirement strategy. Now, what makes CRTs stand out from other giving methods? This means you’re making an impact and getting benefits in return. How Does a CRT Work?

Deductions 105

Deductions 105

Due

MAY 8, 2024

adults had a credit card , making it the most common consumer lending product. With 53% of consumers using physical or virtual debit cards, and 37% using physical or virtual credit cards, debit cards and credit cards are the most common payment methods. In fact, as of 2022, 82% of U.S.

Credit Card Payments 52

Credit Card Payments Credit and Collections Transactions Credit Card Companies 52

TreviPay

JANUARY 4, 2024

For fabs and distributors in the space, there is no better time to make sure payments technology enables design to build design cycles for buyers, offering dynamic credit lines, purchase controls and simplicity when it comes to ordering (and reordering) components. Suppliers will need to be responsive to these demands to stay relevant.

Online Credit Application 96

Online Credit Application Credit Application 96

Due

JANUARY 8, 2024

While such loans still require income and credit for the loan amount you wish to borrow, they may offer better terms than regular personal loans from a credit union, private bank, or mortgage down payment. I will explain the advantages of getting a VA loan, which includes the omission of a down payment requirement 90% of the time.

Credit Scoring 100

Credit Scoring Credit and Collections Credit Unions Medical Billing 100