Sat.Jun 06, 2020 - Fri.Jun 12, 2020

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Cash Management During a Recession

Enterprise Recovery

COVID-19 cases are still increasing as the United States reopens and now the National Bureau of Economic Research has declared that the U.S. economy is indeed in recession. According to the announcement, the economy was heading into recession when the coronavirus hit and, as businesses were shutdown, any gains were erased during March and April. If you're a business owner or accounts receivable professional, you may already know that cash flow has been affected by the events of the past few mont

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Will Everyone Know If I File for Bankruptcy?

Sawin & Shea

If you are worried that people will know you’re filing for bankruptcy, let’s put your mind at ease. The widespread publishing of bankruptcy filings in local newspapers is a thing of the past. In fact, look closely at any bankruptcy notices that do appear in your local newspaper. If anything appears at all they are usually just business bankruptcies.

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Six Strategies to Strengthen Cash Flow During a Pandemic

The Kaplan Group

Cash is King during COVID-19. Poor cash flow can cause a significant number of financial issues but in a pandemic it can destroy your business. The good news is, strengthening your cash flow in a volatile environment can improve your overall cash position. Cash flow is about both bringing in more cash and spending less cash. You must manage both expenses and revenue to optimize results.

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America’s Policing Abuses Are the Fruit of Centuries of Poverty and Plunder

Prosperity Now

Lest toothless or facile public statements obscure the reality of the moment, abusive policing tactics and police-perpetrated killings are the

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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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Should You Get Another Credit Card? What to Consider

Credit Corp

Credit cards play a significant role in your financial life—from establishing credit and determining your buying power to potentially being a financial lifeline during times of crisis. Before you add another credit card to your wallet, you should consider your buying habits and financial strategies. The answers to the following five questions may help you decide if another credit card is right for you.

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Brand Building for Financial Services: An Interview With Phoebe Assenza, Brand Strategist

PDC Flow

Phoebe Assenza is a brand strategist and writer behind some of the most innovative fintech companies in wealth management, accounts receivable, and lending. We sat down to discuss the importance of a brand strategy for financial services and ARM firms, and what that entails. Phoebe Assenza. Brand Strategist at Rhetorica Creative. What is branding or brand building?

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Is Self-Service the New Standard in Debt Collection?

Re:Ceeve

At the heart of any successful company are happy customers. Without the right care and dedication towards providing excellent customer service, you’ll haemorrhage money through increasing customer churn. It only takes one bad experience for a customer to jump ship to one of your competitors. Multiply this by thousands over the period of a year and suddenly there is a significant problem with cash flow.

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A guide to outsourcing insurance claims recoveries

Debt Recoveries

Insurance claims recoveries, in this instance, refers to claiming back the cost of repairs for the insured’s loss from the at-fault party. Insurance claims recoveries is usually the very last process completed in the insurance claims process, however, actioning these early and efficiently can reap a host of benefits. The primary function of claims recoveries is to reduce the overall claims cost outlay, thus allowing insurers to offer competitive rates and premiums.

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Affordable Homeownership: A Health & Economic Solution

Prosperity Now

The COVID-19 pandemic, the economic crisis it caused and the nationwide equal justice protests have reminded us that racial economic

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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.

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The 6 Stages of Bankruptcy

Luftman, Heck & Associates.

While most people know that bankruptcy is a way to discharge or eliminate debt, few know how it happens. Not knowing what to expect during the bankruptcy process can make the idea more intimidating than it has to be. In reality, the filing for bankruptcy protection is not overly burdensome. And with help from an experienced and committed Cleveland bankruptcy law firm, you can usually go through the whole process Read More.

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“Traps for the Unwary” Updated

McLane

As a member of the New Lawyers’ Committee of the New Hampshire Bar Association, I had the opportunity to revise the Probate section of the Committee’s publication “Traps for the Unwary”. Aptly titled, the publication attempts to identify some of the “traps” into which both new and experienced lawyers may fall. This seventh edition of Traps includes discussion of new areas of law, as well as substantially updates the state of the law in New Hampshire since the 2016.

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Congress Passes Relief for Student Loan Borrowers in CARES Act

Titan Consulting

Key Takeaways. Congress recently passed legislation in the CARES act that provides direct and indirect benefits to Federal Student Loan borrowers. Benefits include a suspension of payments, no negative credit reporting, no collection activity, and no accrual if interest until September 30, 2020. Congress allows employers to now pay up to $5,250 without a tax impact to the borrower.

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Jun 6, Free Legal Advice Debt Collection

Debt Collection Answers

Do you need free legal advice debt collection harassment or other problems? Consumer advocates explain how to get the help you need affordably.

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10 Ways to Improve Payment Collections with Salesforce

For finance teams using Salesforce’s powerful CRM technology, automation can transform accounts receivable processes, driving efficiency and delivering measurable results like cost savings, reduced customer churn, and lower DSO.

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Michigan COVID-19 Guidelines for Safely Running a Day Camp in the Summer of 2020

Fraser

According to the American Camp Association, more than 14 million children attend summer camps across the country every year. Michigan has a long summer-camp tradition, with kids flocking to camp destinations throughout the state to swim, hike, and roast marshmallows around the campfire. Until recently, summer camp in Michigan was in doubt, another potential casualty of the COVID-19 crisis.

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Small Businesses face up to backlog of Unpaid Invoices

UK debt collections

A Commercial ‘Credit Crunch’ is predicted as the UK’s Small Business community are facing up to increasing Unpaid Invoices. Research by Business Funding Experts Iwoca has found that 40% of Small Businesses are facing Debts of over £10,000. Small Businesses are going to face considerable disruption and cash flow issues over the coming months due to unpaid invoices.

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Factsheet | collection

On Guard

Factsheet for more information on Collection. There are various reasons why some payments call for a fairly intensive approach. Our debt collection software offers the perfect solution in such situations. It lets you handle and follow up overdue invoices at file level, and default penalties and interest are calculated automatically. The software is used by debt collection agencies, financial restructuring and recovery departments, debt collection lawyers, banks, insurers, energy companies and le

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Jun 10, What Debts Are Forgiven At Death

Debt Collection Answers

Find out whether credit cards and other debts forgiven after death. Don't let creditors pressure you to pay loved one's bills you don't owe!

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Connect, Care, Convert: Secrets to Establishing Trust with Niche Markets and Turning Them Into Clients

Speaker: Lynnette Khalfani-Cox, The Money Coach®

Niche markets represent a huge opportunity for the financial services industry in America. From college students and women to communities of color and low-to-moderate-income households, niche populations have specialized financial needs – but they often underutilize many valuable financial products and services. How can you better connect with these consumers?

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New York City DCA Issues Covert Regs Governing Interactions with Consumers Who Do Not Speak English

BN Lawyers

On June 11, 2020, the New York City Department of Consumer Affairs (“DCA”) released amendments to its debt collection regulations aimed at addressing communications with consumers who may have limited English proficiency (the “Amendments”). While this is an issue on many regulators’ minds, these NYC Amendments appeared to come out of left field. The Amendments were originally proposed by DCA on March 5, 2020, just as New York City (and the rest of America) was beginning to grapple with COVID-19

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New York Shortens Time to Sue for Medical Services Rendered

FFGN COLLECT NY

Following specific guidelines, medical providers can attempt to collect past due balances regardless of when the services were rendered. However, the time during which a provider can sue for the balances owed has always been restricted. New York recently enacted a new law which dramatically shortens the time to collect debt for medical services. In April 2020, in the midst of New York on pause, Governor Cuomo signed legislation shortening the time providers can sue for medical services rendered.

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The Merchant Services Contract – How Long Are You Locked Down?

Payment Savvy

It’s easy to overlook the contract terms with your merchant account provider. Many of us sign on the dotted line without fully understanding all terms and conditions. Irrespective of the payment processor, we cannot stress how crucial it is to fully comprehend your merchant services contract. In today’s world of mobile apps, we automatically hit ok when the long scrolling screen of terms pops up.

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Plaza Services Chief Marketing Officer Adam Parks Featured in Tech on Reg Podcast

The McHughes Law Firm

Adam Parks , Chief Marketing Officer of Plaza Services and entrepreneur, was featured on a recent episode of the Tech on Reg podcast, “ A Receivables Tech Entrepreneur.” His conversation with host and attorney Dara Tarkowski focused on compliance, technology, and future opportunities within the accounts receivable management (ARM) industry. The post Plaza Services Chief Marketing Officer Adam Parks Featured in Tech on Reg Podcast appeared first on Adam Parks inc.

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ERM Program Fundamentals for Success in the Banking Industry

Speaker: William Hord, Senior VP of Risk & Professional Services

Enterprise Risk Management (ERM) is critical for industry growth in today’s fast-paced and ever-changing risk landscape. When building your ERM program foundation, you need to answer questions like: Do we have robust board and management support? Do we understand and articulate our bank’s risk appetite and how that impacts our business units? How are we measuring and rating our risk impact, likelihood, and controls to mitigate our risk?

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React, adapt and succeed

CSA

Colleen Peel is Head of Marketing & Events at the Credit Services Association. At the CSA and as a trade association, the most important questions we ask ourselves are: Do we provide enough value for our members? Do we create enough influence with stakeholders? Do we have a strong voice for the industry? Never have these questions been more important than now.

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How to Fix Bad Credit

JMA

Do you find yourself getting declined by the bank when you apply for loans? Even when you know and feel that you can pay it off, have you wondered why lenders aren’t very forthcoming about granting credit? Banks and lenders don’t decide such things on a whim; there is always a reason why they would. Read more » The post How to Fix Bad Credit appeared first on JMA Credit Control.

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How to Prevent Your Calls From Being Blocked or Labeled as Spam

Arbeit Software

Without a call blocking & labeling solution, it’s difficult to know what’s actually happening to your calls after you dial. Oftentimes though, abnormally low connection rates can be a telling sign that your calls either aren’t going through or are being mislabeled.

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Shifting Matched Savings to Emergency Assistance in Light of COVID-19

Prosperity Now

Earlier this year, we launched the Emergency Matched Savings Pilot , in partnership with the Wells Fargo Foundation, to support

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You Put in a Full Work Week. Shouldn’t Your Collections Software Do the Same?

Discover a modern, cloud-based collection system that never takes a rest day. MeridianLink® Collect is an intuitive platform with advanced customization options developed to simplify the collections process. Here are four ways MeridianLink Collect can support your team: Omnichannel communications Compliance rules & checklists Workflows & queues One interface with supporting integrations And that’s just the start.