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Petaluma, Calif. (Dec. 26, 2019) — Staff members of Optio Solutions and affiliate, CrossCheck, have reached 20 straight months of volunteer work at the Redwood Empire Food Bank in Santa Rosa. Averaging 12 volunteers per month, the team last participated in the food bank’s weekday Warehouse Support program on Dec. 17. The philanthropic effort was… The post Optio Solutions Staff Reaches 20 Straight Months of Volunteerism appeared first on Optio.
Make 2020 the year of avoiding the pains (and costs) of mishandled accounts receivable (AR). Establishing an effective AR process is a crucial part of running a successful business (and our accounts receivable software makes it easy!). It can also bring a whole raft of benefits to the table – it positively impacts marketing, sales, customer service, and overall operations.
WILMINGTON, Del., Dec. 3, 2019 – Katabat, a leading global supplier of debt management software solutions, today announced that SoFi, a leading personal finance company in the U.S., has selected Katabat as its technology partner. SoFi will leverage Katabat’s industry-leading Restore collections platform, to deliver an omnichannel experience for consumer collections.
Introduction The majority of Americans are living beyond their means and accumulating massive amounts of bad debt. In fact, a recent report by the New… The post 13 Easy Tips for Living Debt-Free appeared first on Brown & Joseph, LLC.
In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.
The United States Supreme Court has affirmed the Third Circuit Court of Appeals’ decision in Rotkiske v. Klemm , holding that Section 1692k(d) of the FDCPA “unambiguously sets the date of the violation as the event that starts the one-year limitations period.” The decision overrules cases from multiple circuits that have allowed application of the “discovery rule” in FDCPA cases.
Consumer debt rose to 3.95 trillion in September 2018. If your business is owed money in delinquent payments, you know the struggle of trying to collect the due amounts on your own. This process can be difficult for businesses and even has the potential for legal problems if not handled correctly. If your tired of trying to collection on your own, here’s why you need to hire professional business debt collection services.
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Consumer debt rose to 3.95 trillion in September 2018. If your business is owed money in delinquent payments, you know the struggle of trying to collect the due amounts on your own. This process can be difficult for businesses and even has the potential for legal problems if not handled correctly. If your tired of trying to collection on your own, here’s why you need to hire professional business debt collection services.
Perhaps the most damning of a series of damning facts about law firms released within the latest Clio Legal Trends Report ( link here ), is this: 89% of lawyers surveyed believed that their law firms followup with potential clients within 24 hours; 62% of law firms actually never follow up with leads at all. I’ll let that sink in. The Report also goes on to indicate that of the law firm clients surveyed, 89% want to hear back from the law firm within 24 hours, while 24% want to hear back within
When there is consistently more month than money and your financial situation continues to deteriorate due to job loss, medical bills, or consumer debt, it may be time to consider your legal alternatives. Among the options available is bankruptcy for married couples. Besides determining if you qualify for filing Chapter 7, where your debts are discharged, or qualify for filing Chapter 13, in which you have a repayment plan, you Read More.
WILMINGTON, Del., Dec. 16, 2019 — Katabat, a leading global supplier of debt management software solutions, has delivered a significant release of its software, Katabat 9.0, which offers enhanced security, additional payment platform integrations, and improved client communication capabilities. “We always focus on improving our clients’ experience with each major release of our debt collections software,” said Katabat CEO Ray Peloso.
Introduction There are over 8,000 debt collection agencies operating in the U.S. today. If you need to hire a debt collection vendor, make sure you… The post What to Expect From Your Debt Collection Vendor appeared first on Brown & Joseph, LLC.
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
Trying to collect on your foreign judgment can sometimes appear a futile effort with unfamiliar road blocks seeming to protect the judgment debtors. However, an experienced Massachusetts collections lawyer who not only uses the most aggressive and effective techniques to try to collect your foreign judgment, but actively communicates with you so that you understand both the process and tactics makes the foreign judgment collections process much more of a team effort.
Payments for goods and services are important for keeping any business afloat. However, sometimes customers fall behind or otherwise try to get away without placing payment for the product or service they received. While we’d all like to think of our customers as being fair and honest, it’s important to have a fallback in case something goes array. To help manage this issue, your business should consider working alongside a receivable management collection agency.
It can’t happen to you until it does. I’m talking about the business disaster that could strike your law firm at any moment: flood, fire, data breach, device breakdown, smoke damage, truck carrying 30000 pounds of bananas careening out of control. Well, you get the picture. Because any law firm could be struck by disaster, every law firm should develop and maintain a disaster recovery program.
Corporations have been increasingly defaulting on debt, with many businesses are struggling to maintain revenues and liquidity. Sometimes businesses aren’t prepared for market changes or a slump stretches longer than it should have, causing them to fall further into debt as bills pile up. Banks can seize business assets and liquidate as a last resort to cut their losses.
Speaker: Alex Salazar, CEO & Co-Founder @ Arcade | Nate Barbettini, Founding Engineer @ Arcade | Tony Karrer, Founder & CTO @ Aggregage
There’s a lot of noise surrounding the ability of AI agents to connect to your tools, systems and data. But building an AI application into a reliable, secure workflow agent isn’t as simple as plugging in an API. As an engineering leader, it can be challenging to make sense of this evolving landscape, but agent tooling provides such high value that it’s critical we figure out how to move forward.
In November, Kyle Christensen and I had a lot of fun leading two TECHtalk roundtable discussions at CollectTech 2019 where attendees joined us in lively conversations about key opportunities facing the industry. One group spoke about ways to leverage the proposed CFPB rule changes to their advantage, while the second tackled the role played by the likes of Snapchat, Instagram and Venmo in driving the digital payment revolution.
According to the Heartland Alliance, nearly 1 in 3 Illinois citizens has a debt in collections, making Illinois one of the states with the highest… The post New Illinois Debt Collection Law Targets Consumer Debt appeared first on Brown & Joseph, LLC.
Peter Wallwork, Chief Executive of the Credit Services Association (CSA), the voice of the UK debt collection and debt purchase sectors, has decided he will be stepping down in June 2020 after more than ten years at the helm. Peter was appointed to the newly-created role of Chief Executive following the retirement of CSA Executive Director Kurt Obermaier in 2010.
In 2016, debt collection services collected a combined total of $78.5 billion for businesses who would have otherwise lost out on profit. While you might not have considered partnering with an accounts receivable collection agency before, the truth is they can be a valuable asset to business owners across the United States. If you’ve been struggling to collect delinquent payments, here are a few reasons why you should hire a collection agency.
Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!
The 2019 Clio Legal Trends Report (download link here ) , which is a longitudinal study of law firm data across a variety of categories, including internal efficiencies and external relationships with clients. It’s a fascinating read every year; and, that includes 2019. The 2019 study focused on what the functional difference between growing firms (law firms that grew revenue by over 100% across a 5-year period) and shrinking firms (law firms that lost over 50% of their revenue over a 5-year per
U.S. businesses have a mounting debt. Forbes estimates large companies with nonfinancial corporate debt account for 48% of the country’s GDP at $10 trillion. Small- to medium-sized businesses account for another $5.5 trillion, bringing the total to 74% of the U.S. GDP. Adding to the problem is a weak economy heading into 2020. This leaves businesses struggling to maintain revenue while debt continues to pile up.
This week we released version 9.0 of the Katabat platform. This significant software update includes enhanced security features, additional payment platform integrations, and improved client communication capabilities. We released over 160 enhancements in response to the current security climate, client feedback and requests. The 9.0 platform will help clients address increasing consumer demand for online, mobile payment options.
When it comes to insolvency practitioner fees, there’s no one-size-fits-all approach. . Fees for a licensed insolvency practitioner (IP) usually fall into one of two categories: pre-appointment fees or post-appointment fees. An IP must be transparent when disclosing the details of fees for work undertaken. For further information, please review the relevant Statement of Insolvency Practice. .
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
Wayne Streibich , Diana M. Eng , Jonathan M. Robbin, Scott E. Wortman , and William L. Purtell. The Supreme Court of the United States (“Supreme Court”) recently affirmed the Third Circuit’s decision holding Fair Debt Collection Practices Act (“FDCPA”) claims are subject to a one-year statute of limitations from the date of an alleged violation and rejecting the Fourth and Ninth Circuit’s adoption of a broad “discovery rule.
According to a recent trade credit report from Credit Insurer Atradius, UK companies saw an increase in invoice collection last year (61%), up from 54% in 2018. Despite the apparent improvement in invoice collection, it still remained that 35% of invoices produced by UK businesses were outstanding beyond payment terms. And the outlook appears to be that it is only going to get worse.
Lawyers are trained to be risk-averse, and to cling to the status quo.? Because lawyers manage law firms, change within those law firms happens at a glacial pace.? Yet, while law firms cling to the status quo, upstarts in other industries redefine life and culture.? Not that law firm managers need to be out to change the world, writ large.? They just need to change their own worlds, just a little bit.
Password management is no sweat these days -- with tools like LastPass , a master password unlocks all doors. Not only will such a service obviate the need for memorizing any passwords, it will also automatically create s secure passwords for you. No fuss, no muss. But, what if you don’t have the volume of accounts that would necessitate the use of a service like LastPass?
Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert
In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.
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