December, 2018

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Does Your Fraud Department Have the Right KPIs?

Fico Collections

It’s often said that if you can’t measure it, you can’t improve it and this is particularly relevant when you’re managing a delicate balancing act. Financial institutions face this every day as they try to manage the sometimes conflicting needs of controlling fraud, growing the business and keeping customers happy. Doing a fantastic job of driving fraud rates down is undermined if it creates a negative impact elsewhere in the business.

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Collections at Christmas Time - Tips for Collecting During this Notoriously Difficult Season

Credit Management Company

Patient collections can be a challenge any time of the year, but are particularly stressful during the Holiday season. Some collection agencies make the mistake of pausing collection efforts during this time of the year to avoid increasing tension between the healthcare provider and the patient. However, this approach can be extremely counter intuitive - outstanding receivables affect the bottom lines of both the healthcare providers and the agency.

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[Factsheet] Third progress report on the reduction of non-performing loans (NPLs) and further risk reduction in the Banking Union

Qualco

This European Commission’s third progress report on the reduction of non-performing loans (NPLs) shows that NPLs in the European banking sector have declined further as a result of continuing economic growth and pro-active measures such as sales of NPL portfolios.

Banks 46
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Debt Recovery – Utilizing Debtor Exams to Collect on a Judgment

Stevens Lloyd

You have initiated a lawsuit and won a Default Judgment against the debtor. Judgments are worthless unless you can locate and garnish the debtor’s assets, however. So now what ? When a creditor obtains a judgment against an individual or company, one of the most effective techniques (providing they don’t know what assets the debtor has) is to utilize a Debtor Exam to recover monies which were awarded on the ruling document.

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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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Running A Business? 3 Smart Reasons to Hire A Collections Agency

Credits Inc

If your business wants to stay in business, managers must have a reliable way to collect payments for products or services. Whether you sell housewares, offer pool cleaning services, or run a business in nearly any other industry, without timely payments, your company wouldn't last very long. Unfortunately, collecting payment for services rendered can sometimes prove challenging.

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3 Misleading Myths About Debt Collection Agencies

Credits Inc

The world of money is riddled with stereotypes. Bankers, lenders, stockbrokers, and even economics scholars all face different disparaging beliefs about their character and the nature of their work. Contrary to popular belief, individuals and companies in the finance industry are not soulless and greedy. In the debt collection field specifically, professionals are trained to be caring, concerned, and tactful when it comes to retrieving payments.

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Oh, the Horror! Don’t Be Left without a Data Backup System

NCBA Law Practice Management Blog

You know what’s really scary? Losing your law firm data. Even so, many law firms don’t utilize effective data backups. Every business needs to backup its electronic data; but, the imperative is even more important for law firms, which have ethical and fiduciary duties tied to their client relationships. And, although it’s now 2018, many law firms subsist on remarkably thin data backup systems.

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Time Out: Gaining Time by the Minute

NCBA Law Practice Management Blog

There’s nothing like daylight savings time to get you to observe how dramatic a small shift in time becomes.? Push back one hour, and all of a sudden it’s instant winter.? People are like, ‘Wow, when did it get so dark out?’? And, hot chocolate sales start to rise. Saving time as a business owner can have a similar effect on you.? But, instead of greeting the coming of winter, you’ll be saying things like, ‘Wow, I just got home, and it’s not even dark yet!