RMAi Blog

SEPTEMBER 16, 2024

CHANDLER, AZ – National Credit Adjusters, a receivables acquisition and management firm headquartered in Hutchinson, KS with a satellite location in Chandler, AZ, was pleased to continue support of an annual water drive spearheaded by the team in the Chandler office. Due to the desert climate, Chandler, AZ has an average temperature of a sweltering 107 degrees in July, taking a toll on the unfortunate during the summer.

Credit and Collections 162

Credit and Collections 162

Your Virtual Credit Manager

SEPTEMBER 3, 2024

As businesses grow and add customers, there comes a point when collections become a burden. This will generally occur before a company reaches 100 customers on open account, but certainly before they acquire 200 customers. Once you are dealing with hundreds of customers, the time required to contact everybody who has gone past due becomes substantial, and will require a dedicated effort, rather than an ad hoc approach.

Accounts Receivable (AR) 130

Accounts Receivable (AR) Days Sales Outstanding DSO Credit and Collections 130

Due

SEPTEMBER 9, 2024

A man from Nevada has been convicted of a fraud scam involving $11.2M in COVID-19 pandemic relief funds intended to help small businesses. The person at the heart of the fraud case, Meelad Dezfooli, was prosecuted by Trial Attorneys D. Zachary Adams and Taylor G. Stout of the Criminal Division’s Money Laundering and Asset Recovery Section (MLARS) and Assistant U.S.

Transactions 116

Transactions Small Businesses 116

Abrigo

SEPTEMBER 17, 2024

Manage the impact of interest rate cuts at your institution These five tips from Abrigo expert Dave Koch will help banks and credit unions prepare for a rate drop. You might also like this on-demand webinar, "Navigating uncertain times: Strategies for effective risk management and compliance." WATCH Takeaway 1 As financial institutions anticipate rate cuts, many are questioning how to structure their lending and ALM strategies accordingly.

CECL 88

CECL Credit Unions Credit Risk 88

Speaker: Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

Cash Applicator

Grit

SEPTEMBER 4, 2024

Maximizing profits after Halloween is essential for BigCommerce merchants. The holiday season doesn’t end on October 31st. There are still plenty of opportunities to drive sales during the Halloween after sale period. Automated campaigns can help you manage these post-Halloween sales efficiently, saving time and boosting revenue. Understanding the Importance of Halloween After Sales Halloween after sale campaigns are crucial for keeping the momentum going after the holiday.

103

103

RMAi Blog

SEPTEMBER 13, 2024

In This Update With less than two months before the November elections, an air of uncertainty lingers throughout Washington. Regardless of the outcome in the U.S. House and Senate elections, current Members of Congress will hold a lame duck session that could be filled with activity. We’re likely to see utilization of the Congressional Review Act (CRA), an oversight tool that Congress can use to overturn final rules issued by federal agencies.

Collector 130

Collector Law Firms Credit and Collections Debt Collections 130

Your Virtual Credit Manager

SEPTEMBER 17, 2024

For small business executives, and many mid-sized businesses as well, managing collections effectively can be a significant challenge, particularly when time and resources are limited. With so many competing priorities, it’s easy for receivables to take a backseat to other pressing operational tasks. However, failing to dedicate sufficient time and effort to collections can quickly lead to cash flow problems, disrupting the ability to pay suppliers, invest in growth, or even meet payroll.

Credit and Collections 100

Credit and Collections Accounts Receivable (AR) Bad Debt Credit Risk 100

Due

SEPTEMBER 5, 2024

Consumers care about quality. From experiences to services to gear, for most consumers money spent on affordable, quality products is seen as money well spent. As a business, it’s important to maintain a high degree of quality. At the same time, you need to operate with a healthy profit margin and ensure your target audience can afford the solutions you’re offering.

105

105

Abrigo

SEPTEMBER 6, 2024

FinCEN's 2024 real estate and investment advisory rules FinCEN is tightening the reins on residential real estate money laundering and investor advisers. Here is what you need to know. You might also like this webinar, "Tackling operational risks: Strategies for check fraud and ransomware prevention." REGISTER Takeaway 1 Real estate money laundering is a serious issue , with a n estimated $2.3 billion laundered between 2015 and 2020 through the U.S. real estate market alone.

Cybersecurity 78

Cybersecurity Transactions Credit Unions 78

Advertisement

Finance Transformation Myths Busted Over 75% of organizations struggle to define the right success metrics to benchmark the impact of their finance transformation investment. Whether you are just initiating your digital transformation journey or planning to pitch your next AI project to leadership, without the right metrics and a rigorous tracking process - all your efforts might go to waste!

AR Metrics

Grit

SEPTEMBER 5, 2024

The holiday shopping season is just around the corner, and Cyber Monday is one of the biggest days for eCommerce sales. As a BigCommerce store owner, preparing for Cyber Monday is crucial to ensure your online store is ready to handle the influx of traffic and orders. In this guide, our eCommerce experts share their top tips and strategies for optimizing your BigCommerce site to maximize your Cyber Monday sales.

Transactions 97

Transactions 97

Enterprise Recovery

SEPTEMBER 13, 2024

Outstanding invoices can be devastating to businesses of any size. The ripple effects of unpaid invoices can lead to cash flow problems, making it difficult to cover operational costs, pay employees, or invest in growth opportunities. Small businesses often lack the financial cushion that larger enterprises might have. However, even large corporations are not immune; accumulating unpaid invoices can disrupt financial planning and hinder strategic initiatives.

Small Businesses 82

Small Businesses Debt Collections 82

RMAi Blog

SEPTEMBER 12, 2024

Regina M. Slowey has joined Barron & Newburger, P.C., expanding the firm’s footprint into Michigan. She has taken on the position of President and CEO of the firm. With Ms. Slowey’s strong background in managing legal teams and a commitment to innovative leadership, will oversee the firm’s thirteen offices, bringing a fresh perspective to guide the firm’s future.

Law Firms 130

Law Firms Bankruptcy 130

Credit Management Group UK

SEPTEMBER 15, 2024

We have recently introduced three new live online training courses. Our second one we would like to introduce is specifically for the Construction Industry. There is currently and introductory offer of £99 + vat. How to get paid in Construction Who will benefit? The course would be most beneficial for employees working in Account departments, project managers working for suppliers and sub-contractors to the construction industry.

Bad Debt 77

Bad Debt Credit Management 77

Accounting Department

SEPTEMBER 5, 2024

Financial Planning & Analysis (FP&A) is crucial for any business aiming to scale successfully. It involves detailed financial forecasting, budgeting, and analytical processes that drive strategic decision-making.

88

88

Due

SEPTEMBER 16, 2024

A federal grand jury has indicted a film producer and his accountant for concealing millions of dollars in earnings. The prosecution alleged that film producer Nigel Sinclair and his accountant, Anthony Stewart, did not declare earnings to the IRS. These earnings allegedly cost the IRS $5m in earnings taxes. IRS Criminal Investigation is investigating the case, with assistance from the Joint Chiefs of Global Tax Enforcement (J5), which is a concentrated effort by the tax authorities of Australia

69

69

Know-It Global

SEPTEMBER 18, 2024

As a UK business owner, it’s crucial to ensure that your invoices are comprehensive, clear, and legally compliant. A well-prepared invoice not only facilitates prompt payment but also serves as a vital document in case of disputes. Here’s what you should include in your invoice, along with tips on how to write it to make it as complete as possible.

59

59

Enterprise Recovery

SEPTEMBER 6, 2024

Cash flow basics are important for startup leaders to ensure financial stability and growth. Positive cash flow indicates more money is coming into the business than going out, while negative cash flow suggests the opposite. Leadership should regularly monitor cash flow statements to identify trends, potential shortfalls, and opportunities for improvement.

86

86

RMAi Blog

SEPTEMBER 9, 2024

August 6-8, 2023 in Santa Ana Pueblo, New Mexico. Attendees golfed at the iconic Twin Warriors Golf Club. The education sessions were jam packed with informative and insightful information for the attendees. Networking is a huge part of every Executive Summit. The post Highlights from the 2024 Executive Summit in New Mexico appeared first on Receivables Management Association International.

130

130

Credit Management Group UK

SEPTEMBER 10, 2024

We have recently introduced three new live online training courses. Our first one we would like to introduce is specifically for the recruitment industry. There is currently and introductory offer of £99 + vat. Recruitment- get paid for Back door hiring Who will benefit? The course would be most beneficial for Account managers and credit control employees in the recruitment sector What the course will cover?

Credit Management 74

Credit Management 74

Accounting Department

SEPTEMBER 10, 2024

Experienced business leaders know that accurately predicting future financial outcomes is a highly complex challenge. It’s a process not to be left only to logic that is based on reviews of combined financial reports from the past.

Small Businesses 81

Small Businesses 81

Loomis Sayles Credit Research

SEPTEMBER 5, 2024

In 2023, the cloud of headline risks swirling around emerging market (EM) corporates (COVID, Russia/Ukraine and China’s property crisis) began lifting as rating upgrades outpaced downgrades. Year to date 2024, the positive trend has persisted, bolstered by an uptick in sovereign-related upgrades. In our view, EM corporations’ responses to the challenges they faced during the past few years have made them stronger.

Default 67

Default 67

Due

SEPTEMBER 16, 2024

Perhaps there’s some truth to the stereotype of “bossy” eldest children or studious middle children. However, the youngest member of the family often surprises everyone. Despite conventional wisdom, research and real-world examples suggest a different reality. Lastborn children have unique experiences that make them successful entrepreneurs.

59

59

Reorg Blog

SEPTEMBER 5, 2024

The post Court Opinion Review: Secrecy Begets Secrecy in the Jones/Freeman Affair, Bird Global’s Dubious Purdue Workaround, and DSG Small Ball Shambles On appeared first on Reorg.

64

64

RMAi Blog

SEPTEMBER 6, 2024

A Decade of Embracing the Highest Business Practice Standards Rochester, N.Y., September 6, 2024 – Continental Service Group, LLC, operating under the name ConServe, proudly upholds its national A+ Accreditation Standard from the Better Business Bureau (BBB) for more than 10 years. ConServe is dedicated to ethical practices and integrity in accounts receivable management.

130

130

biz2credit

SEPTEMBER 18, 2024

The Federal Reserve announced it is lowering interest rates for the first time in 4 years. Here's what you need to know. The post Fed Lowers Interest Rates, Here’s What It Means For You and Your Business published first on.

52

52

Accounting Department

SEPTEMBER 12, 2024

Accurate accounting is at the heart of business success. Whether you're a budding startup or a seasoned enterprise, effective financial management significantly impacts your ability to make informed decisions, strategize for growth, and comply with regulatory requirements.

77

77

Loomis Sayles Credit Research

SEPTEMBER 3, 2024

A flurry of negative economic and geopolitical headlines have battered Chinese equities over the past year, leading to multiple rounds of investor pullbacks and eventual capitulation. Today, global funds are significantly underweight China and valuations appear abysmal. Some Chinese stocks have staged rebounds in recent months, and there is market chatter about the potential for rapid growth reacceleration for many companies.

64

64

Due

SEPTEMBER 18, 2024

The Securities and Exchange Commission (SEC) has charged multiple entities with profiting from relationship-focused investment scams. Today (September 18), the governmental regulator took action on five entities and three individuals in connection with fraudulent behavior. According to the report, the scams were linked to crypto platforms NanoBit and CoinW6.

52

52

TreviPay

SEPTEMBER 18, 2024

In today’s fast-paced and unpredictable business environment, managing cash flow and ensuring timely payments from customers are critical for long-term success. Trade credit insurance has become a vital tool for businesses looking to protect themselves from the risk of non-payment by customers. This type of insurance acts as a safety net, covering unpaid invoices when clients default or face financial difficulties.

Bad Debt 52

Bad Debt Default Credit and Collections Collector 52