Gaviti

MAY 30, 2023

Accounts receivable is one of the most critical roles in your business. Receivables management can also become incredibly complex and high-risk. This risk compels savvy business managers to consider whether they should use accounts receivable outsourcing or turn to management software. Startups can learn from A/R professionals.

Credit and Collections 98

Credit and Collections Cybersecurity Bankruptcy 98

Due

JANUARY 31, 2024

Whether you’re a curious investor or a seasoned financial planner, you may know that cryptocurrency may play a more pivotal role in shaping a secure and diversified retirement plan in the years ahead. Assessing your risk tolerance is a fundamental step before allocating crypto to your retirement account.

Transactions 64

Transactions 64

Abrigo

MARCH 13, 2024

How to respond to CRE loan distress Use these tips for banks and credit unions to identify and handle commercial real estate loans that are showing signs of being problem CRE credits. Takeaway 1 Engaging the bank or credit union loan workout team or an outside expert can help restore CRE loans in distress or mitigate their impact.

Credit Unions 88

Credit Unions CECL Default Credit Risk 88

Abrigo

JANUARY 17, 2024

Human trafficking red flags, strategies, and support Human trafficking is more prevalent than most realize, and banks and credit unions can help prevent it. Yet these funds add up to a billion-dollar industry. But there are numerous red flags AML professionals can spot to help identify human trafficking. and worldwide.

Nonprofit Organizations 103

Nonprofit Organizations Credit Unions Transactions Credit Risk 103

Abrigo

DECEMBER 28, 2022

You might also like this list of the year's top resources for FinCrime professionals. Takeaway 1 AML/CFT and fraud professionals often keep up to date on industry trends by reading Abrigo's blog. Takeaway 2 BSA pillars and board training are some topics found in Abrigo's top blogs for FinCrime professionals.

Credit Unions 78

Credit Unions Transactions 78

Abrigo

SEPTEMBER 20, 2023

Understanding tax ID fraud FinCrime professionals looking to prevent tax ID fraud, first need to understand the fundamentals of what is happening and their best recourse for prevention. So, what role does a BSA officer play in curtailing tax ID fraud? Would you like other articles like this in your inbox?

CECL 78

CECL Credit Risk Transactions 78

Abrigo

SEPTEMBER 6, 2023

AML professionals must constantly monitor for ways this could affect their customers or members. Takeaway 3 Combining the ability to recognize suspicious patterns and identify deviations from risk thresholds helps financial institutions detect and manage suspicious activity to prevent hard-dollar losses.

Credit Unions 78

Credit Unions Transactions 78

SAP Credit Management

JANUARY 9, 2023

External workers play an important role in service centric industries as companies have an increased demand on different talents beyond their traditional internal workforce. SAP S/4HANA Cloud, public edition, offers two ways to procure these external contingent workers for customer projects in the Professional Services scenario.

Revenue Recognition 139

Revenue Recognition Transactions 139

Abrigo

JUNE 5, 2023

Banking reports to inform risk management and strategy These reports on capital, growth, and liquidity help financial institutions spot warning signs. Takeaway 2 Reports that assess capital, growth, and liquidity provide banking professionals data to drive decisions.

Credit Unions 78

Credit Unions CECL Credit Risk Dashboards 78

The Red Spectrum

APRIL 12, 2023

Better Credit Management: By offering net 30 payment terms, businesses can better manage their credit as they can delay payment for up to 30 days without negatively impacting their credit score. They continue to report, and your business continues to grow.

Credit Scoring 97

Credit Scoring Credit and Collections Credit Risk Credit Management 97

Onguard

JUNE 20, 2023

Our software is designed primarily for finance and risk departments from large global enterprise companies in Europe. We believe in collaborating with key players in the market, such as Aon, who share our values, entrepreneurial mindset and professionalism. ” Els “Onguard was acquired by Visma in 2020.

Credit Management 52

Credit Management 52

Gaviti

NOVEMBER 7, 2022

Before companies had dashboards and other features of automated accounts receivable tools, finance professionals did all the heavy lifting. Here’s Why These Finance Roles Still Matter. Longer DSOs lead to a greater reliance on credit. With the recent hikes in interest rates, reducing credit reliance is even more important.

DSO 52

DSO Credit and Collections Dashboards Cash Forecasting 52

Onguard

OCTOBER 19, 2023

Credit management has undergone a significant transformation in recent years. Whereas credit management was previously seen as the back office’s grab-can, today it is an essential part of an organisation’s financial strategy. But data-driven working within credit management is not easy to achieve.

Credit Management 52

Credit Management Credit and Collections 52

Biz2X

JANUARY 17, 2024

It forms the backbone of lending decisions, portfolio management , and financial risk assessment. Inaccuracies or inconsistencies in cash flow data can lead to flawed credit decisions, risk miscalculations, and strategic missteps. Experienced banking professionals can identify anomalies that automated systems might miss.

Cybersecurity 52

Cybersecurity Transactions 52

Due

OCTOBER 16, 2023

Swiss private bank Syz’s CIO, Charles-Henry Monchau, warns against basing long-term decisions solely on past performance as factors like shifting demographics, global geopolitical changes, and technological advancements will play a critical role in upcoming asset allocation decisions.

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Abrigo

DECEMBER 19, 2022

Checklists, guides, and more to help you and your AML-CFT staff Thousands of FinCrime professionals have accessed these guides, checklists, and other resources produced in 2022 by Abrigo's team, which includes former bankers, BSA officers, and regulators. . Training materials for anti-money laundering & fraud professionals.

Credit Unions 78

Credit Unions 78

SAP Credit Management

JANUARY 25, 2023

Governance, Risk, and Compliance As you might know, SAP Financial Compliance Management is our controls solution in the cloud and offers a rich predefined business content for SAP S/4HANA Cloud, public edition. Professional Services In the area of Professional Services, we ship an enhanced search help for WBS elements in Concur.

Revenue Recognition 158

Revenue Recognition Credit and Collections Transactions 158

Due

SEPTEMBER 11, 2023

You can share the certificate on your professional profiles and resumes. Introduction to Personal Finance by Coursera (University of California, Irvine) This course provides a comprehensive introduction to personal finance topics such as budgeting, banking, credit, debt management, insurance, and investing.

Credit Scoring 105

Credit Scoring 105

Emagia

OCTOBER 31, 2022

Why should credit management be automated. How important is the automation of credit management for business growth. We have since seen finance functions transforming from traditional bookkeeping, compliance, and audit mandates to more strategic roles. Credit Management Processes That Could be Automated.

Credit and Collections 59

Credit and Collections Bad Debt Credit Management DSO 59

Biz2X

NOVEMBER 3, 2023

Automation ensures accuracy and consistency in compliance-related tasks, reducing the risk of human error and the associated consequences. Redefining Risk Management with AI-Driven Automation Risk management , a cornerstone of banking operations, undergoes a paradigm shift with the integration of AI-driven automation.

Credit Risk 52

Credit Risk Transactions Default 52

Biz2X

NOVEMBER 3, 2023

Automation ensures accuracy and consistency in compliance-related tasks, reducing the risk of human error and the associated consequences. Redefining Risk Management with AI-Driven Automation Risk management , a cornerstone of banking operations, undergoes a paradigm shift with the integration of AI-driven automation.

Credit Risk 52

Credit Risk Transactions Default 52

Abrigo

JUNE 10, 2020

Key Takeaways The recent case where a former top risk officer was fined reminds financial institution executives and BSA professionals of the personal liability tied to implementing and maintaining effective AML programs. Adequately staffed and risk-focused AML resources with good documentation are critical. learn more. “Mr.

Credit Unions 78

Credit Unions Transactions 78

Abrigo

AUGUST 7, 2023

Below are six measures institutions can take to protect AML programs against unanticipated risks associated with staffing changes: Conduct a staffing needs assessment Staffing should be part of a financial institution’s enterprise-wide risk assessment.

Credit Unions 78

Credit Unions 78

Eastern Credit Management Services

JULY 21, 2023

As a trusted Canadian Debt Collection Agency, Eastern Credit Management Services (ECMS) understands the importance of streamlining debt collection processes to maintain strong client relationships and achieve optimal results. In today’s digital age, technology plays a pivotal role in transforming and enhancing debt collection practices.

Debt Collections 52

Debt Collections Credit and Collections High-Risk Accounts Credit Management 52

Abrigo

JUNE 7, 2021

Risks ALM Addresses Will Affect Performance and Strategy Asset/liability management models and processes address credit risk, liquidity risk, and interest rate risk. . Takeaway 1 The pandemic has shown that financial institutions deal with a variety of risks that can impact cash flow and capital. .

Credit Unions 78

Credit Unions Credit Risk CECL 78

Onguard

DECEMBER 9, 2022

A whopping 41% of finance professionals expect big data to be the gamechanger within the industry. In as many as 95% of companies, data plays a role. Not surprisingly, 41% of finance professionals expect big data to be the gamechanger within the industry. Using big data, you can better assess (financial) risks.

Order to Cash 52

Order to Cash Days Sales Outstanding DSO Credit Management 52

Onguard

DECEMBER 9, 2022

A whopping 41% of finance professionals expect big data to be the gamechanger within the industry. In as many as 95% of companies, data plays a role. Not surprisingly, 41% of finance professionals expect big data to be the gamechanger within the industry. Using big data, you can better assess (financial) risks.

Order to Cash 52

Order to Cash Days Sales Outstanding DSO Credit Management 52

NorthOne

JULY 11, 2023

Failing to do so can lead to a range of complications and risk your financial stability. Why Separating Finances is Important When you separate your business and personal finances, you establish a clear distinction between your personal and professional life. Firstly, it can make it challenging to track and manage expenses.

Deductions 52

Deductions Bankruptcy Transactions Small Businesses 52

Due

MAY 2, 2024

By doing so, they can rack up delayed retirement credits, significantly boosting their monthly benefit amount. Leverage Spousal Benefits Another significant factor for couples with unequal incomes is the role of spousal benefits. Investing for Retirement as a Couple Do you understand your partners’ risk tolerance?

Credit and Collections 64

Credit and Collections 64

FICO Blog

DECEMBER 8, 2022

Addressing Portfolio Risk in Economic Uncertainty: Part 1 (2022). This four-part series looks at embedding portfolio risk resilience into decisions across the credit lifecycle through targeted application of the FICO ® Resilience Index. risk that only manifests during periods of economic stress) more precisely.

CECL 52

CECL Credit and Collections Credit Risk Default 52

Eastern Credit Management Services

JUNE 13, 2023

Maintain a professional and respectful tone, ensuring your intention is to find a mutually beneficial resolution. Be aware of the costs and potential risks involved in litigation and the applicable statutes of limitations. Early prevention can be a vital role when taking on a new client or business.

Debt Collections 52

Debt Collections Credit and Collections Credit Management 52

Due

SEPTEMBER 20, 2023

Delaying retirement can have several benefits, including a higher Social Security benefit, more time to save for retirement, and a reduced risk of running out of money later in life,” says Kami Adams, retirement income specialist at Creative Legacy Group. It is possible to work on a more flexible schedule. Active retirement is on the rise.

Default 116

Default 116

Due

APRIL 4, 2024

In order to grow, we often have to take risks and step outside of our comfort zones. Dare to take risks and take on opportunities that scare you. My life was changed by a simple framework that transformed into a process that paved the way for my success in both my professional and personal lives. The key to success is balance.

Investment Firms 82

Investment Firms 82

Abrigo

JULY 10, 2020

Key Takeaways It's important for financial institutions to find a balance between detecting suspicious activity without being so broad that BSA professionals are bogged down with false positives. Lending & Credit Risk. Lending & Credit Risk. Lending & Credit Risk. C&I Loans.

Credit Unions 78

Credit Unions Credit Risk Small Businesses 78

Lendio

DECEMBER 5, 2023

Market conditions Overall market conditions play a role in determining commercial real estate rates. Property type Different types of commercial properties may have varying risk profiles, affecting the interest rates. Credit score The creditworthiness of the borrower is a crucial factor. fluctuating based on market conditions).

Credit Scoring 52

Credit Scoring Transactions Small Businesses 52

Due

FEBRUARY 6, 2023

With finance playing such an important role in modern society, financial literacy is vital for long-term prosperity. In addition to student loans, mortgages, credit cards, investments, and health insurance, financial literacy affects many aspects of life. As a result, this prevents harming your credit score or even bankruptcy.

Credit Scoring 115

Credit Scoring Default Bankruptcy 115

Abrigo

SEPTEMBER 22, 2021

New Disclosures Under CECL CECL disclosures play a central role in the new standard, but many financial institutions begin work on them too late in the process. Boards, shareholders, and auditors alike will want to know CECL’s impact and how the bank or credit union has determined the impact of the expected loss model. Learn more.

Credit Unions 78

Credit Unions CECL Credit Risk 78