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The number of mergers and acquisitions in the accounts receivable management industry cooled in the second quarter, compared to the first three months of the year, according to data tracked by Corporate Advisory Solutions, but that was to be expected after a record-setting first quarter. Even though the number of deals and deal value were … The post M&A Deal Volume Cools in 2Q, But More Consolidation in ARM Industry Coming: CAS appeared first on AccountsRecovery.net.
While this question will put off sales reps, collections teams may be cheering in their seats. If a sales representative works hard to land the ideal client but the invoice goes unpaid beyond the due date, who should be responsible for connecting with that client? Is a sale really complete if the invoice isn't paid? Do you have a solid process for who follows up and when it becomes necessary for your organization to move the account to collections?
By Angela: As I sit writing this blog, I am finding it hard to believe six years have passed since coming to American Profit Recovery. I still remember getting the call to come in for an interview and didn’t completely know what to expect or how I would be treated. Everyone associates “collection specialists, or debt collectors” as bad, mean people blowing up your phone.
If you’re the parent of a young adult, you may be asked to co-sign for a car loan or an apartment lease. Before you agree, know what’s at stake — you could be putting your own financial security at risk. What co-signing really means When you co-sign, you become fully responsible for someone else’s debt. Bev O'Shea writes for NerdWallet. Email: boshea@nerdwallet.com.
AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?
A District Court judge in New Jersey has granted a credit card company’s petition to confirm an arbitration award in the amount of $286,064.62 against an individual who had accused the company of violating the Telephone Consumer Protection Act by placing hundreds of debt collection calls to his phone without his consent. The individual had … The post Court Upholds $286k Ruling Against Plaintiff in TCPA Action Over Collection Calls appeared first on AccountsRecovery.net.
Latest quarterly figures from the Insolvency Service have indicated that business insolvency numbers across England & Wales were 31% higher than in Q1 2021 and 4% higher than in Q2 2020. There were 3,116 seasonally adjusted corporate insolvencies in Q2 2021, an increase of 31.4% compared to Q1 2021’s figures of 2,371 and a rise of 4% compared to Q2 2021 (2,997).
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Latest quarterly figures from the Insolvency Service have indicated that business insolvency numbers across England & Wales were 31% higher than in Q1 2021 and 4% higher than in Q2 2020. There were 3,116 seasonally adjusted corporate insolvencies in Q2 2021, an increase of 31.4% compared to Q1 2021’s figures of 2,371 and a rise of 4% compared to Q2 2021 (2,997).
Your company has done the work, you feel like the client or customer was satisfied with what you’ve done, and you’ve done your part and sent an invoice for the work provided. Most of the time, you see a check in the mail, or they arrange for other types of payments such as a credit card. Other times, it feels like an endless waiting game to get some clients to pay.
As travel returns, you might start feeling some airfare sticker shock. It’s not necessarily because more people are vacationing again, though they certainly are. It’s more likely because fewer people are doing trips for business. And when business travelers don’t travel, leisure travel can get more expensive. It may seem counterintuitive, but these premium-paying travelers.
COURT UPHOLDS $286K RULING AGAINST PLAINTIFF IN TCPA ACTION OVER COLLECTION CALLS A District Court judge in New Jersey has granted a credit card company’s petition to confirm an arbitration award in the amount of $286,064.62 against an individual who had accused the company of violating the Telephone Consumer Protection Act by placing hundreds of … The post Daily Digest – August 6.
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
Insurers will likely enjoy more favorable outcomes under Florida’s new summary judgment standard. The court’s less rigorous review of attempts to withstand summary judgment will impact expected litigation outcomes, litigation strategy, and largely benefits insurers. How Does Florida’s New Summary Judgment Standard Differ From Its Old Summary Judgment Standard?
For Americans on Medicare who need expensive medications, drug costs can get steep. Unlike many private health insurance plans, Medicare Part D, which is Medicare’s prescription drug coverage, has no out-of-pocket limit on costs each year. In fact, in 2019, nearly 1.5 million people enrolled in Medicare Part D spent more than the catastrophic coverage.
EDITOR’S NOTE: The following was written by Manny Newburger of Barron & Newburger. We are sad to announce the passing of our firm’s founder, Barbara M. Barron. Although her health declined in recent years she continued to practice actively until the end. Barbara was a graduate of Barnard College, Columbia University, and the university of … The post Barbara Barron, Founder of Barron & Newburger, Passes Away appeared first on AccountsRecovery.net.
You’re young, you’re free and you’re full of potential—and you don’t want to struggle financially. Jobs that pay 40k a year or more provide a path to financial independence and can make things like homeownership a reality. But what are these careers, and what does it take to get into them? If you’re on the hunt for a job that pays well, we’ve got ten of the most lucrative careers for young people.
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.
In the wake of the collapse of the Champlain Towers South in Surfside, Florida, many buyers looking to purchase condos for either their primary residence, a second home, or as an investment property have paused to consider whether the unit being purchased is structurally sound. Such a pause will likely cause a corresponding temporary dip in condo sales throughout the state of Florida in what has otherwise been an historically hot real estate market.
Despite the pandemic, the IRS received more than 7 million requests for new employer identification numbers between January 2020 and June 2021, according to data from the U.S. Census Bureau. As those businesses grow, many will reach an important milestone: hiring their first employees. Here are six things business owners should do first. 1. Make. Rosalie Murphy writes for NerdWallet.
The “Getting to Know” series is sponsored by Applied Innovation. Applied Innovation is helping to shape the future of accounts receivable management. Product development is driven by customer feedback, agency profitability and compliance and includes platforms addressing client portal access, document management, payment negotiation, Regulation E focused electronic payment authorizations and TCPA communication authorization platforms. … The post Getting to Know Jason Hiland of
Digital-first debt collection fintech readies for continued B2B and B2C expansion with strategic leadership reorganization. TrueAccord Corporation, a debt collection company offering digital-first and consumer-centric solutions for resolving debts, today announced changes to its executive leadership team to support a planned expansion of products and services.
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.
Using text messaging for your business is an excellent way to reach consumers through one of the communication channels they most prefer. As a vendor, it is our responsibility to provide you with convenient options to communicate with your consumers (like with our SMS texting service) while also keeping up with the latest regulations and rules. That’s why we are announcing some significant changes to the way we offer SMS delivery using our FLOW Technology.
TSA PreCheck and Clear can both get you through airport security faster. But which is better? Here’s a look at the benefits, requirements and price of TSA PreCheck versus Clear to help you decide which will work best for you — and even whether you should get both. Plus, learn all the ways you can. Ramsey Qubein writes for NerdWallet. Email: travel@nerdwallet.com.
Hey, Eleventh Circuit! You should look at how quickly the Third Circuit rules on en banc petitions and maybe ask for a few pointers. As the industry’s wait for a ruling on the en banc petition in the Hunstein case begins its third month, the Third Circuit Court of Appeals yesterday denied an en banc … The post Third Circuit Denies En Banc Petition in FDCPA Barcode Case appeared first on AccountsRecovery.net.
As hospitals face growing and aging accounts receivable systems, and with limited data and visibility into their organizations’ financial health, the most common revenue challenges in today’s healthcare landscape all relate to not getting paid on time, every time. With patient financial responsibility increasing since the enactment of the Affordable Care Act, the challenge for hospitals and healthcare providers to collect payments consistently will become even more difficult to manage as more of
Navigating collections in the dynamic financial landscape presents multifaceted challenges. Organizations face pressures to maintain standards alongside software challenges like regulatory adaptations, data integration, security, workflow optimization, and automation. Finding the right software can save time and money. BEAM offers a comprehensive solution with specialized modules to streamline debt collection effortlessly.
This article originally appeared on The Financially Independent Millennial and was republished with permission. In the 21st century, people are getting accustomed to shopping on online platforms. They order food, clothes, and other goods. This means that the demand for delivery services is growing. U.S. residents are less likely to leave their homes when they need to shop at grocery stores.
Federal student loan borrowers anticipating the return of their regular student loan payments Oct. 1 can once again breathe a sigh of relief: The pause will continue through Jan. 31, 2022, the Department of Education announced Friday. The department says the extension — the fourth since March 2020 — will be the last. As with. Colin Beresford writes for NerdWallet.
A bipartisan companion bill to one introduced recently in the Senate has been introduced in the House of Representatives that seeks to stiffen the penalties for violating the Telephone Consumer Protection Act, including jail time for those found to have willfully or knowingly violated the statute, as well as doubling the penalty for those found … The post Bipartisan Companion Bill Introduced in House; Seeks Prison Time for Some TCPA Violations appeared first on AccountsRecovery.net.
CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.
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