Fri.Jul 21, 2023

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The Ultimate Guide: How SaaS Companies Tackle Non-Payment Issues

Enterprise Recovery

As the SaaS industry experiences exponential growth, it is not surprising that non-payment issues have become a pressing concern. Non-payment creates cash flow challenges and hampers the ability to invest in product development, customer support, and overall business growth. It's imperative for SaaS companies to address non-payment issues proactively.

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Collector Sued for Sending Emails at Inconvenient Time

Account Recovery

EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more?

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Startup Business Loans with No Revenue

Payment Savvy

Building a successful startup comes with its fair share of challenges, chief amongst them being the search for loans and funding. While chasing that dream investment, startups often face a tough time trying to secure loans, primarily due to minimal or no revenue. Understandably, many lenders find this absence of steady revenues a red flag, sometimes closing doors to potential investment opportunities.

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Judge Grants Partial MTD in FDCPA Case Over ID Theft Affidavit

Account Recovery

A District Court judge in New York has granted a defendant’s motion to partially dismiss one of the two counts against it in a Fair Debt Collection Practices Act lawsuit, ruling that the language in an identity theft affidavit that was sent to the plaintiff did not make it appear that the defendant was affiliated […]

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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

Speaker: Erika R. Bales, Esq.

When we talk about “compliance and security," most companies want to ensure that steps are being taken to protect what they value most – people, data, real or personal property, intellectual property, digital assets, or any other number of other things - and it’s more important than ever that safeguards are in place. Let’s step back and focus on the idea that no matter how complicated the compliance and security regime, it should be able to be distilled down to a checklist.

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Why Aren’t Your Cannabis Customers Paying You?

AGA

By: Sam Fensterstock, AG Adjustments Originally published in the Credit Research Foundation’s publication, Perspective by CRF (Q2 2023) Back in 2016, AGA, a global B2B collection agency first got involved in the cannabis market assuming it would be the next “dot.com” – we wanted to be front and center when the market exploded. Instead, we found very little opportunity for collection agency business.

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The Corporate Bankruptcy Wave Is Just Beginning

NACM

? Check out today's episode of the Extra Credit podcast! It's all the latest commercial bankruptcy trends.? Hear from Jeff Gregory, CCE; Mike Papandrea; and Jason Torf!

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Healthcare Collection Platform Collectly Raises $29M to Help Providers Recover More

Account Recovery

In a time where the lines between healthcare and finance are increasingly blurred, one company is standing out: Collectly, a patient financial engagement software platform that announced yesterday it raised $29 million in Series A funding round led by Sapphire Ventures. This brings the company’s total capital raised to an impressive $34.1 million.

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Daily Digest – July 21. Collector Sued for Sending Emails at Inconvenient Time; Healthcare Collection Platform Collectly Raises $29M to Help Providers Recover More

Account Recovery

Collector Sued for Sending Emails at Inconvenient Time Healthcare Collection Platform Collectly Raises $29M to Help Providers Recover More Judge Grants Partial MTD in FDCPA Case Over ID Theft Affidavit CFPB Report Spotlights Employer-Driven Debt Williams & Fudge Announces Acquisition of RGS Financial, Expanding its Market Presence and Strengthening Client Services WORTH NOTHING: A question […]

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Sedric AI Names David Sargent Director of Sales

Account Recovery

New York, NY, July 20, 2023 — Sedric.ai (“Sedric AI”), a pioneer in AI-driven compliance solutions for consumer finance firms, today announced that accounts recovery management (ARM) industry veteran David Sargent has been named Director of Sales.

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When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

Are you finding some snags in your collections process? With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.