RMAi Blog

APRIL 13, 2023

In support of Financial Capability Month, the Receivables Management Association International (RMAI) presents the following information. RMAI also provides resources on the Consumers webpage of the RMAI website and at FinancialLiteracy.Rocks. No matter what your card limit may be, you will have to pay the money back.

Credit and Collections 130

Credit and Collections Credit Unions Deductions Credit Application 130

RMAi Blog

MAY 3, 2023

Armed Forces and entered the receivables management industry full-time, they knew they wanted to continue serving by helping other veterans in their families and communities. Some of what they do include a Service Member & Family Support Program, a Transition Program, and an Integrative Wellness Program.

Debt Collections 100

Debt Collections 100

Lendio

OCTOBER 18, 2023

Waiting for insurance companies to pay can cause significant delays in receiving payments for services provided. But what exactly is medical factoring? What is medical factoring? In return, the factor collects payment from the insurance companies on behalf of the medical practice. Let’s dive into the details.

Insurance Companies 52

Insurance Companies Credit and Collections Deductions Transactions 52

Lendio

JULY 7, 2023

To help your business grow, it’s all about making the most of your limited time and resources and finding the solutions with the best returns. Think of it as your modern-day Rolodex or a collection of people interested in your business, either current or potential customers. Your email list is one of your most powerful resources.

Small Businesses 98

Small Businesses 98

SAP Credit Management

JULY 27, 2023

In one of my recent blogs, I showed how Freudenberg fosters low-code adoption via an SAP “Buildathon”. This success story raised a lot of attention, and some of the readers asked me for more on what our valued SAP customers are concretely doing with SAP Build, in what areas and for what results.

Transactions 153

Transactions 153

Fundera

JANUARY 22, 2019

15 Best Small Business Blogs. Patriot Software: Payroll Blog. Smart Passive Income Blog. Eventzilla Blog. Blog Tyrant. Now, with the advent of blogs, you can find a range of opinions to help you make your business decision in just a few seconds. Best Small Business Blogs for Financial Advice.

Small Businesses 75

Small Businesses Credit and Collections Deductions 75

billtrust

NOVEMBER 1, 2022

10 strategies for optimizing your accounts receivable to maximize your ROI. What you’ll learn. Most business owners would agree that having a well-run accounts receivable (AR) department is critical to the success of their company. What are the primary goals of accounts receivable?

Accounts Receivable (AR) 52

Accounts Receivable (AR) Bad Debt Days Sales Outstanding DSO 52

RMAi Blog

JANUARY 23, 2023

The team routinely dedicates resources to being a positive business presence in the local area and strengthening their local communities. As a business that values stewardship of resources , the team provides this annual review to share and report to creditors and network partners a glimpse of what they have been doing throughout the year.

Law Firms 100

Law Firms 100

billtrust

OCTOBER 11, 2022

Stress-free accounts receivable solutions for smoother cash flow. What you’ll learn. The five biggest challenges in accounts receivable (and how to to solve them) The importance of accounts receivable management How do you manage accounts receivable better? Late payments.

Accounts Receivable (AR) 52

Accounts Receivable (AR) AR Automation Credit and Collections Cash Applicator 52

Due

APRIL 16, 2024

The best con artists are the ones who know exactly what they’re doing, whether it’s a debt collection, credit card phishing , or imposter scam. But what happens when a financial advisor scams you? Following this blog post, you can break free of a scammy advisor’s clutches and reclaim control over your finances.

Credit and Collections 52

Credit and Collections Credit Card Companies Debt Collections Transactions 52

Lendio

AUGUST 14, 2023

For example, when you look at the $85 billion invested by venture capitalists in 2017, businesses led by women only received about 2% of that total. These 2 programs provided a total of $30 billion to American small businesses. Overall, funding is up for minority and female entrepreneurs. This entrepreneur-friendly approach is no accident.

Credit and Collections 98

Credit and Collections Credit Scoring Nonprofit Organizations Default 98

Know-It Global

APRIL 19, 2023

These are frightening stats, especially taking into account the £68,413 the average SME is owed in outstanding invoices! These are frightening stats, especially taking into account the £68,413 the average SME is owed in outstanding invoices! Company insolvencies continue to climb steeply March monthly insolvency statistics reveal.

Bad Debt 98

Bad Debt Credit and Collections Credit Risk Credit Management 98

SSI Healthcare Rev Cycle Solutions

SEPTEMBER 13, 2023

This process involves several steps that trace the entire healthcare claims life cycle from when a patient checks in at a facility to when they receive a bill from their insurance provider. In this blog, we will explore each step in detail, shedding light on the intricacies of medical billing and its crucial role in the healthcare industry.

Medical Billing 52

Medical Billing Deductions Insurance Companies Transactions 52

RMAi Blog

MAY 12, 2023

A debt collector unaware of the discharge, allegedly due to a bona fide error, sent several collection letters to the consumer regarding the past-due rent. 1692c(c) (failure to cease communications and cease collections) of the FDCPA.” Those Comments are due the beginning of July. Nat’l Credit Sys. , 21-3131, 2023 U.S.

Collector 130

Collector Credit and Collections Law Firms Debt Collections 130

Due

NOVEMBER 13, 2023

Among the types of content you can write are articles, blog posts , website copy, and other types of content for individuals and businesses. Content creation is essential to many businesses’ websites, blogs, and social media presence. Alternatively, you can sell your photos directly through your website or blog.

Collector 69

Collector Small Businesses 69

The Red Spectrum

APRIL 12, 2023

Net 30 vendors are suppliers or vendors that offer businesses the option to pay for their products or services within 30 days of receiving an invoice. Administrative burden: Managing payment terms, invoicing, and collections can be time-consuming and require additional administrative resources.

Credit Scoring 97

Credit Scoring Credit and Collections Credit Risk Credit Management 97

The Corcentric Blog

JUNE 27, 2023

Accounts Receivable automation has been increasingly adopted by businesses as a way to streamline their financial processes and optimise their cash flow. Many similar technologies are already in use for accounts payable (AP) departments, such as algorithms and AI to automate the processing of invoices received.

AR Automation 52

AR Automation DSO Accounts Receivable (AR) Days Sales Outstanding 52

Lendio

MAY 2, 2023

Here’s what you should know about it, including what it is, how to calculate it, and how to interpret your results. What Is The Current Ratio Formula? In addition to your existing cash reserves, that includes accounts like inventory and accounts receivable. Good current ratios are always at least above 1.

Credit and Collections 52

Credit and Collections 52

Lendio

DECEMBER 13, 2023

As soon as same business day Term loan Receive a lump sum of cash repaid in monthly installments. As soon as same business day Equipment financing Receive a lump sum used to purchase approved equipment. Then, after the customer pays the invoice in full to the financier, you receive the rest of the money, minus a fee.

Credit Scoring 98

Credit Scoring Credit and Collections Small Businesses 98

Lendio

NOVEMBER 1, 2023

The best place to start is by identifying what your specific use will be for the loan. A business line of credit is revolving, so rather than receiving a lump sum, you can access the money as many times as required. The main purpose of this federal agency is helping small businesses find the funding and resources they need.

Small Businesses 98

Small Businesses Credit Scoring Credit and Collections Default 98

Lendio

DECEMBER 7, 2023

What is a GPO? A group purchasing organization (GPO) is a collective of like-minded businesses that come together to leverage their combined purchasing power. This collective approach allows these businesses to negotiate from suppliers better prices, terms, and conditions than they would be able to individually. Cost savings.

Current Receivables 52

Current Receivables 52

Lendio

DECEMBER 12, 2022

So, what options do small business owners have in this situation? What Are Alternative Business Loans? The flexibility that alternative business loans offer can make these funding solutions an excellent resource for small business owners. Lender/Funder* Best Loan/Financing Type Loan/FInancing Amount Min. Time in Business Min.

Small Businesses 98

Small Businesses Credit Scoring Credit and Collections Credit Reporting Agencies 98

aptic

MARCH 11, 2024

It’s a pleasure to see satisfied customers pay for what you offer, but it can be less fun to administer the billing process itself. Manually handling a dispute can be time-consuming and lead to the invoice being sent to debt collection. Moreover, manually tracking receivables is usually a time-consuming process.

Debt Collections 52

Debt Collections Credit and Collections 52

SSI Healthcare Rev Cycle Solutions

SEPTEMBER 13, 2023

This process involves several steps that trace the entire healthcare claims life cycle from when a patient checks in at a facility to when they receive a bill from their insurance provider. In this blog, we will explore each step in detail, shedding light on the intricacies of medical billing and its crucial role in the healthcare industry.

Medical Billing 52

Medical Billing Deductions Insurance Companies Transactions 52

Lendio

DECEMBER 14, 2022

And that key information—the likelihood of repayment—is what a lender really wants to know when you apply for a loan. This doesn’t mean you will receive an automatic approval even with a very poor credit score. The factoring company then works directly with your client to collect the money owed when the invoice due date arrives.

Credit Scoring 98

Credit Scoring Credit and Collections Credit Reporting Agencies Small Businesses 98

NorthOne

JUNE 4, 2023

Accurate and timely invoicing and payment collection ensure that businesses have a healthy cash flow, enabling them to meet their financial obligations and invest in their growth. When payments are not collected on time, businesses may struggle to pay their suppliers, employees, and rent.

Accounts Receivable (AR) 52

Accounts Receivable (AR) Credit and Collections Transactions Small Businesses 52

billtrust

OCTOBER 4, 2022

What you’ll learn. What is a disaster management cycle? What are the seven tiers of disaster recovery Why are cloud disaster recovery & AR automation important? There’s no getting around it – accounts receivable is essential to any business. What is a disaster management cycle?

Business Continuity Planning (BCP) 52

Business Continuity Planning (BCP) AR Automation Cybersecurity Accounts Receivable (AR) 52

SAP Credit Management

FEBRUARY 3, 2023

INTRODUCTION In this blog, we discuss the challenges that current external disruptions are creating for the chemical and life science industry more than for many other industries. This increase of 50 basis points is already the fifth spike in the interest rate level within just a few months.

Days Sales Outstanding 140

Days Sales Outstanding DSO 140

Lendio

MAY 23, 2023

What Is Cash Flow Management? Receivables and Payables Management Monitoring and managing accounts receivable (money owed to the business by customers) and accounts payable (money owed by the business to suppliers and creditors) is crucial. Chapter 1: Business Cash Flow Dive into the elements of what cash flow is.

Chapter 11 52

Chapter 11 Chapter 7 Chapter 5 Small Businesses 52

Emagia

JANUARY 22, 2023

CFOs have been transforming themselves, beyond finance and accounting operations, to strategic roles with the mandate to meet the rapidly evolving and changing expectations of customers, vendors, investors, employees, competitors, and the Board, while also navigating the financial, economic, regulatory, and social challenges.

Days Sales Outstanding 52

Days Sales Outstanding AR Automation Order to Cash DSO 52

Lendio

MARCH 14, 2023

What Is Market Research? However, if you test the product with a small audience and receive feedback about what does and doesn’t work, you have the opportunity to make adjustments before your official launch. But conducting market research is an essential step you don’t want to skip as an entrepreneur.

Small Businesses 52

Small Businesses 52

JSP Credit Management

FEBRUARY 21, 2022

As JSP Credit Management fast approaches its 1st birthday, some time reflecting on content we have written over the last 10 months led us to recall our blog from 9th July 2021 titled , Growing Pains. When we say resources, we usually mean time and money. Change is usually painful. So, lets address one of them issues right now!

Credit Management 52

Credit Management Credit and Collections Debt Collections Default 52

Lendio

MARCH 21, 2024

What is inventory financing? What is inventory financing? This type of financing offers flexibility, as businesses only borrow what they need when they need it, and interest is typically only charged on the amount drawn. Here, we’ll unpack everything small business owners need to know about inventory financing.

Credit Scoring 52

Credit Scoring Credit and Collections Small Businesses Default 52

Abrigo

FEBRUARY 10, 2021

Takeaway 1 To make their land more profitable, farmers are taking advantage of renewable energy resources. To make their land more profitable and resilient, many farmers and ranchers are taking advantage of renewable energy resources, such as solar and wind generation.

Credit Risk 78

Credit Risk Bankruptcy Credit and Collections 78

Due

MAY 28, 2023

However, knowledge is power, so the key is for entrepreneurs to know the potential impact on their business – but also what to do about it. However, knowledge is power, so the key is for entrepreneurs to know the potential impact on their business – but also what to do about it. What Is a Bank Crisis?

Bankruptcy 53

Bankruptcy Credit and Collections Business Bankruptcy Small Businesses 53

Lendio

JUNE 15, 2023

Define Event Goals and Objectives First, you want to define what your goals are for this event. Receive 30 referrals from current customers during your event. Let’s say you own a craft shop and receive many one-time customers. Event marketing is planning and executing an event to promote your brand, product, or services.

Small Businesses 52

Small Businesses 52

SSI Healthcare Rev Cycle Solutions

SEPTEMBER 9, 2022

The infographic below explores what’s causing the significant increase in the cost of paper statements, and how switching to a mobile patient payment platform can positively impact your organization. What’s driving up the price, and what can be done to drive more patients to pay via mobile? THE PROBLEM.

Credit and Collections 52

Credit and Collections 52