Fri.Jul 17, 2020

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Can a Business Be Sent to Collections?

Enterprise Recovery

Owning a small or medium business can be especially frustrating when your clients are paying late or not at all. It's good to note that how you respond to these situations will affect the success of the debt collections and if you can retain the client as a customer. In this post, we will offer tips to ensuring your invoices are paid on time and we will share how and when you should send a business to collections.

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Cash before breakfast | Why Cash Allocation is the top priority in your order-to-cash process.

On Guard

Cash before breakfast! Why Cash Allocation is the top priority in your order-to-cash process. A best-in-class order-to-cash (O2C) software solution needs to be best-in-class at all stages of the O2C process if you are to ever zero down on your delinquent DSO days, maximise your AR cashflow position and collections efficiency index. But doing everything all at once is not typically the best way to go.

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The Legal View of Response Plans, Tabletop Exercises and Preparing for the Unexpected

Troutman Sanders

Troutman Pepper attorney Ron Raether will present during the virtual panel, “ The Legal View of Response Plans, Tabletop Exercises and Preparing for the Unexpected ,” at the ISMG Virtual Cybersecurity Summit. Ron will discuss the legal trends and potential traps as it relates to breach response and tabletop exercises in light of COVID-19 and CCPA. To register, please click here.

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Sales Training Techniques Using Call Recordings | Arbeit

Arbeit Software

Frequent on the job training is especially important for sales teams. Roleplay exercises are great for incorporating into initial training, but they don't cover every scenario. Jason Pearl and Mike Belin of Nacre Consulting discuss the importance of using call recordings in sales and the different training techniques that go along with that.

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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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3 Best Practice Tips for Fraud Managers to Stop Scams

Fico Collections

With criminals successfully stealing over £455 million through scams in the United Kingdom and more than €242 billion across European countries over the past two years, scams are not going away and consumers are still sending out money unknowingly to criminals every day. This is an extremely challenging and growing problem for fraud managers. Tip #1 – Communicate Directly with the Customer.

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Housing Starts Jump in June

NACM

U.S. housing starts have skyrocketed at their strongest monthly increase in nearly four years. Privately owned housing starts in June jumped 17.3% to a seasonally adjusted rate of 1.186 million, according to the Census Bureau and Department of Housing and Urban Development.

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