On Guard

SEPTEMBER 28, 2020

With the current lack of certainty, finance teams must now focus on future-proofing their credit management. Having always been a key component, good credit management is now critical to business survival in these uncertain times. This is as true in credit management as any other area. Automation and AI.

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Credit Management Accounts Receivables Management Bankruptcy Collections 52

On Guard

MARCH 19, 2021

From Excel to Excelling with Credit Management Software. It may come as a surprise, but a large number of businesses still rely on Excel for credit management. The UK, in particular, seems to be behind the rest of the world in adopting credit management software, relying instead on excel spreadsheets.

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Credit Management 52

JMA

NOVEMBER 30, 2022

Cash flow is king in any business of any size, Read more » The post Why a Solid Credit Management Strategy is Vital for Your Business appeared first on JMA Credit Control. For small businesses in particular, if a customer doesn’t pay on time, it can have catastrophic effects.

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Credit Management 52

On Guard

JUNE 15, 2020

Data-driven credit management: four important considerations. For example, data-driven credit management can help to reduce the days sales outstanding (DSO) and help credit managers to create a better understanding of risk profiles. Lesson 3: Use existing APIs. This is efficient for two reasons.

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Credit Management Collections 52

CICM

FEBRUARY 27, 2023

Alternative examples of the ‘stick’ approach to credit management are last-resort measures, such as appointing a debt collector, or petitioning for a company to be wound up. creditor-services The post Credit Management: How tough should you get?- or call +44 20 7465 1919.

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Credit Management Debtor Debt collector Creditors 40

On Guard

NOVEMBER 5, 2020

Sue Chapple is the Chief Executive of the Chartered Institute of Credit Management(CICM), the world’s largest professional credit management organisation. There is currently so much uncertainty surrounding not only the future of the credit management industry but the economy as a whole.

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Credit Management 52

Debt Recoveries

DECEMBER 6, 2020

Therefore, I thought I would summarise some of the best options for better credit control and accounts receivable by highlighting the seven habits of a highly effective credit manager. A credit manager knows his customer. A credit manager knows that information is power. Make sure you email them.

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Credit Management Debt Recovery Collections Accounts Receivables Management 59

On Guard

NOVEMBER 17, 2020

The handbook for all your daily credit management challenges. In this handbook, we discuss the three main credit management challenges and give practical tips to ensure a financially healthy organisation. These software solutions enable finance professionals to meet the credit management challenges outlined above.

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Credit Management Debtor 52

On Guard

NOVEMBER 17, 2020

The handbook for all your daily credit management challenges. In this handbook, we discuss the three main credit management challenges and give practical tips to ensure a financially healthy organisation. These software solutions enable finance professionals to meet the credit management challenges outlined above.

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Credit Management Debtor 52

On Guard

OCTOBER 12, 2020

An Enterprise Resource Planning (ERP) system is a powerful tool for credit management and most companies, of all sizes, are now implementing ERP, according to a recent report. As a result, during these uncertain times, in particular, using an ERP on its own can put credit managers at a disadvantage.

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Credit Management Debtor Collections Retrieval 52

On Guard

JANUARY 19, 2021

That’s why Onguard credit management software can be provided for use alongside an existing ERP system. Use Onguard in conjunction with your existing ERP, thus enabling you to enjoy the benefits of a standardized system, with the added functionality of specialist credit management software. Do: Monitor performance.

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Credit Management Collections 52

On Guard

FEBRUARY 4, 2022

In a previous blog just over three years ago, we discussed then-nascent technology – including artificial intelligence (AI) and Robotic Process Automation (RPA) – and its potential to shake up the credit management process for suppliers. Together, big data and AI can be particularly powerful credit management tools.

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Credit Management Collections 52

On Guard

FEBRUARY 16, 2021

In instalment four of our Q&A series, Debbie Staat, Manager Customer Success & Support , discusses how businesses can embrace the future of credit management technology – leaving legacy systems behind and investing in new software to help streamline processes and payments.

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Credit Management 52

On Guard

JUNE 19, 2020

5 key success factors for the smooth implementation of a credit management strategy. Credit management strategies are a vital aspect of any business. They allow them to manage their cash flow by devising processes and policies which prevent the late or non-payment of invoices. Don’t underestimate the processes.

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Credit Management Collection Agencies Collections Agency Collections 52

On Guard

JUNE 18, 2020

Coronavirus Crisis: 3 Tips for an Effective Data-Driven Credit Management Policy. As a credit manager, right now your biggest priority will be ensuring that your invoices are still being paid so you can maintain cash flow and ensure your organisation can continue to operate. These are uncertain times.

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Credit Management Bankruptcy Collections 52

Fico Collections

JANUARY 6, 2022

Credit executives can now enable continuous learning and improvement that is technology-enabled, and which is no longer tied to the duration of the billing cycle, nor the seasoning of the portfolio. How FICO Platform Can Help with Experiments in Credit Management. The Pillars of Experimentation. by Amir Sikander.

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Credit Management Creditworthiness Loans Banks 52

CICM

MARCH 4, 2022

A first of its kind for the profession, the new Professional Standards establish a benchmark and help demonstrate the enormous variety of roles within credit at every level, local and global, to attract new employees into the industry and define what skills they need to succeed in an exciting, dynamic and rewarding career.

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Credit Management Debt Management Consumer Credit Collections 40

Account Recovery

AUGUST 11, 2022

Midland Credit Management can … The post Judge Grants MSJ in Separate FDCPA Suit Filed Over Same Account appeared first on AccountsRecovery.net. A copy of the ruling in the case of Branum v.

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Credit Management Judgment Collections 246

Account Recovery

APRIL 4, 2022

Midland Credit Management can be … The post Appeals Court Overturns $350k Damages Award Against Collector appeared first on AccountsRecovery.net. A copy of the ruling in the case of Pierre v.

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Fair Debt Collection Credit Management Collections 246

AGA

AUGUST 23, 2022

You can access the full article here The post The Case for Outsourcing Collections – published August 23, 2022 in Your Virtual Credit Manager first appeared on AGA Business Debt Collection. This article will focus on just the first option, outsourcing your collection efforts.

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Credit Management Collections 40

Consumer Finance

SEPTEMBER 7, 2020

and its subsidiaries, Midland Funding, LLC; Midland Credit Management, Inc.; Today the Consumer Financial Protection Bureau (Bureau) filed a lawsuit against Encore Capital Group, Inc. and Asset Acceptance Capital Corp.

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Credit Management Debt collector Collections 89

Account Recovery

JANUARY 7, 2022

Humberto Matz of Creditors Adjustment Bureau, Tom Claybaugh of Mountain States Commercial Credit Management, Inc., Board members include Pete Roth of CST Company, Fred Wasserspring of Lyon Collection Services, Inc., David Herer of ABC-Amega, Inc.,

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Commercial Collection Collection Agencies Collections Agency Collections 246

CICM

MAY 22, 2023

What does this mean for Credit Managers? From a practical perspective, it’s business as usual for Credit Managers, but we should take away the importance of identifying risk. Despite the comfort of ‘brand’, that is only one factor when it comes to extending credit.

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Bankruptcy Credit Management Lender 52

NACM

MAY 26, 2023

On today's episode of NACM's Extra Credit podcast:Listen to a conversation between Danny Wheeler with BlackLine and NACM's Annacaroline Caruso on how automation can be a credit manager's best friend to:? Reduce department turnover ? Connect with customers⏰ Spend less time chasing past-due payments?

Credit Management 5

Credit Management 5

Enterprise Recovery

SEPTEMBER 17, 2021

Within an accounting department, a credit manager's job is to determine the creditworthiness and credit risk of clients. Here are best practices for creating a business credit policy.

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Creditworthiness Credit Management 185

Account Recovery

AUGUST 13, 2020

Jordan Akins and Robyn Bowman are the team behind Delta Credit Management, a collection agency based in Flint Township, Mich., that announced its opening this week.

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Collection Agencies Collections Agency Credit Management Collections 242

Account Recovery

OCTOBER 16, 2020

ENCORE TO PAY $15M TO SETTLE CFPB LAWSUIT The Consumer Financial Protection Bureau yesterday announced it has settled a lawsuit it filed last month against Encore Capital Group and its subsidiaries, Midland Funding, Midland Credit Management, and Asset Acceptance Capital Corp.

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Garnishment Credit Management 246

CICM

JULY 23, 2020

The post Driving the Future of Credit Management- guest blog by Laurie Beagle FCICM, Managing Director at Forums International Ltd appeared first on Chartered Institute of Credit Management. I hope the above will give you some food for thought and lead towards a positive outlook for the future. Laurie Beagle FCICM.

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Credit Management Collection Agencies Collections Agency Collections 52

Account Recovery

SEPTEMBER 8, 2020

and its subsidiaries, Midland Funding, LLC, Midland Credit Management, Inc., The Consumer Financial Protection Bureau today filed a lawsuit against Encore Capital Group, Inc. and Asset Acceptance Capital Corp.,

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Law Firms Credit Management 200

CICM

MARCH 23, 2023

An Overview of the Webinar CICM East of England Branch Secretary William Plom, a Senior Manager at Hays Recruitment specialising in credit management presented the Credit Recruitment and Salary Trends for 2023, in an insightful webinar session. Referring to the results of the latest Hays UK Salary and Recruitment survey.

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Credit Management Collections 52

JMA

FEBRUARY 23, 2022

Read more » The post Better Credit Management = Less Bad Debt appeared first on JMA Credit Control. That’s because they impact cash flow, which can impact the overall performance of the business as resources are stretched. No matter the size.

Credit Management 10

Credit Management 10

Account Recovery

OCTOBER 15, 2020

The Consumer Financial Protection Bureau today announced it has settled a lawsuit it filed last month against Encore Capital Group and its subsidiaries, Midland Funding, Midland Credit Management, and Asset Acceptance Capital Corp. The companies will repay consumers nearly $80,000 and pay a civil fine of $15 million.

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Judgment Credit Management 173

On Guard

APRIL 20, 2023

Improving credit management Not always being able to work data-driven is one of the issues that finance professionals encounter in their daily work. There are also other stumbling blocks that make it difficult to improve credit management processes.

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Debtor Credit Management 52

CICM

APRIL 24, 2023

Credit management is involved in all aspects of a commercial relationship, from the initial contact with customer risk management to the final stages of the sales process with dispute management, cash collection, payment, and performance management.

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Credit Management Collections 52

Account Recovery

AUGUST 28, 2020

Midland Credit Management can be accessed … The post Judge Partially Grants Defendant’s Motion for Judgment in FDCPA Class Action appeared first on AccountsRecovery.net. A copy of the ruling in the case of Kranz v.

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Judgment Fair Debt Collection Credit Management Collections 147

Account Recovery

SEPTEMBER 9, 2020

and its subsidiaries, Midland Funding, LLC, Midland Credit Management, Inc., CFPB SUES ENCORE, SUBSIDIARIES, FOR VIOLATING TERMS OF 2015 CONSENT ORDER The Consumer Financial Protection Bureau yesterday filed a lawsuit against Encore Capital Group, Inc. and Asset Acceptance Capital Corp.,

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Credit Management 147

CICM

MAY 12, 2023

As the professional body for the credit management industry, we are committed to promoting excellence and innovation in our field, and our recent achievements demonstrate just that. We have been nominated for our British Credit Awards, which we have continuously developed and improved.

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Credit Management 40