RMF Raised Flooring ’s Post

"Absolutely Jeff, Team Joseph, Mann & Creed has been an amazing fit for our business in both 1st and 3rd party receivable management. The adaptability and willingness to stay agile as we build our collections needs have been efficient and smooth since inception. The enhancements to the First Party process we continually challenge team JMC with are accepted and conquered quickly. This allows us to drive immediate mitigation support for our assets. Team JMC, thank you and look forward to our continued partnership. Regards, " Sr. Manager Operations - Asset Protection #HealthcareTechnology #ToolRental #EquipmentLeasing #ConstructionFinance #RentalEquipment #VehicleRental #FleetManagement #AutomotiveFinance #RentalIndustry #CollectionAgency #DebtRecovery #CreditManagement #FinancialLeadership #CashFlowManagement #CreditControl #CFOInsights #AccountsReceivable #CorporateFinance #FinancialManagement #OrderToCash #CreditRisk #FinancialControllers #DebtCollection #B2BFinance #RiskManagement #CreditAndCollections #BusinessFinance #FinancialStrategy #CreditAnalysis

As your risk consultants and advocates, Cragin & Pike goes beyond just selling policies—we focus on protecting what you’ve built and ensuring your continued success. Our concierge claims service is here to be your advocate throughout the claims process, from start to finish, with no extra fees and complete transparency. This allows you to focus on what matters most—growing your business. Claims Reporting Process: 1️⃣ Notify – Give us a call or send an email. We’ll gather the pertinent claim details and report to your carrier. 2️⃣ Communication – We communicate with the carrier, adjuster, attorneys, banks, and other third parties on your behalf. 3️⃣ Advocate – We continuously monitor the claims process and provide updates until the claim is resolved. Our goal? To resolve your claim quickly so you can focus on growing your business. 🤝 When claims arise, we’re here—no surprises, just solutions. Let’s work together to face tomorrow’s risks with confidence. Contact us today https://buff.ly/3zzR3II or give us a call at 702.877.1111 #RiskConsulting #BusinessStrategy #ClaimsAdvocacy #BusinessGrowth

🏦 🔒 👥 [Reporting to the Board: New GLBA Requirement || A How-To Series for Compliance Officers in Financial Services] 🏛️ ☝️ Part 1: When does the report need to be delivered? ❗ 12/31/2024. This doesn't mean that you need to wait for 12/31. Actually, DON'T wait for the absolute last day. 🔄 The GLBA reporting needs to be delivered regularly, and at least ONCE each year. 📆 3️⃣ We advise our clients to deliver this three times a year, in Q1, Q2, and Q3. ✨ In Q1, the start of the year brings with it a clean slate if you will. This is a great way to share where the organization stands and highlight any key initiatives for the year. 📊 In Q2, the GLBA report provides the Board with an opportunity to weigh in on changes to the roadmap. Our clients adjust priorities based on Q1 results. The best way to build rapport with your team is by showing that you too can quickly adjust the compliance roadmap to re-align with business goals. 👍🏼 In Q3, the GLBA report serves as an end-of-the-year update and is the starting point to build a case for resources for the upcoming year. This also keeps teams focused on delivering on Q4 initiatives, when folks are planning to take time off for the holidays. 🤿 In case you want to dive deep into the authoritative text, here's a handy link to 16 CFR 314.4(i): https://buff.ly/4eEHMyP ❓If you have questions, just pop them in the comments. 👉Tomorrow: What does the report need to include?

🎓 FREE CE ALERT: Protect Your Agency from E&O Claims! Join Imperial PFS for a complimentary continuing education webinar: Avoiding E&O Loss. 📅 Date: November 12th, 2024 ⏰ 10am - 12pm eastern 📍 Virtual Event - contact me to register 💡 CE Credits Available! What you'll learn: - Common E&O pitfalls and how to avoid them - Explore the role that documentation plays in controlling E&O claims - Best practices for documentation and client communication - Risk management strategies you can implement immediately Don't miss this opportunity to strengthen your agency's defenses while earning CE credits - at no cost to you! #InsuranceEducation #AgencyManagement #RiskManagement #ContinuingEducation #Insurance

With a keen eye for detail and a knack for problem-solving I always emphasized the importance of staying vigilant in pursuit of outstanding payments One day, particularly before the day of our overdue calculation, challenging case landed on my desk Huge Detention invoice raised and the invoices crossed 3 days overdue And if the huge invoice continues to be part of aging report till Tuesday, because every Tuesday weekly overdue calculation will be done We would have huge increase in our overdue % and that would lead to multiple meetings and bad impression about the team I had a strategic plan to take it to my higher officials attention immediately And after doing all the researches, we came to know that this invoice raised incorrectly from our end we ensured to cancel the invoice on the same day so that it does not impact our overdue percentage Such kind of issue can be eliminated if team follows these two steps 1.  Stays extra vigilant on the process  2. Aligns with the values of the business Share your experience if you faced any similar kind of challenge #OTC #CollectionStrategy #VidhyaRamu

𝗦𝘁𝗮𝘆𝗶𝗻𝗴 𝗔𝗵𝗲𝗮𝗱 𝗶𝗻 𝘁𝗵𝗲 𝗖𝗼𝗹𝗹𝗲𝗰𝘁𝗶𝗼𝗻𝘀 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆! At Oxygen XL, we're committed to keeping a pulse on the latest trends and best practices in accounts receivable management. Recently, we tuned into ACA International's Huddle Webinar and gained valuable insights into chargeback prevention, payment processing, and fraud protection strategies. Key Takeaways: - The importance of rapid dispute resolution (RDR) in keeping chargeback ratios under control. - Best practices for securing customer-facing payment portals. - How proactive strategies and real-time reporting can protect your cash flow and keep your merchant account healthy. A big thank you to ACA International for their diligence in providing top-notch educational content and for sharing her expertise. Staying informed helps us serve our clients better and uphold our commitment to 𝘁𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝗰𝘆, 𝗿𝗲𝘀𝗽𝗲𝗰𝘁, 𝗮𝗻𝗱 𝗿𝗲𝘀𝘂𝗹𝘁𝘀-𝗱𝗿𝗶𝘃𝗲𝗻 𝘀𝗲𝗿𝘃𝗶𝗰𝗲. Curious about how we apply these strategies in our Managed A/R services? Let's connect and breathe easier together.

On the tenth day of Christmas, Controlaccount gave to me...🎄 🎅 Day 10 - Review any internal credit control processes – are they working well? Controlaccount provides reminder letters in our clients branding, which encourages payments (which can be managed by us or sent directly to your own accounts receivable department). If your credit control eats into too much of your time, this service is worth considering – even for just ad-hoc, busy periods. #twelvedaysofchristmas #creditcontrol #b2bsupport

When you’ve taken all the right steps but your invoices are still getting ignored, you need a side-kick that helps you get paid. Enter Debtor Management, CreditorWatch’s latest solution (accessible to all CreditorWatch customers at no extra cost) that helps business owners and finance teams escalate overdue invoices, get noticed, and get paid. Read the full details here —> https://lnkd.in/gmyRppu8 Here’s why you need Debtor Management: ✅ Recover more overdue debt ✅ Spend less time recovering overdue debt ✅ Built-in payment risk insights ✅ One dashboard to view all overdue accounts, register defaults and add debtors to risk monitoring list #debtormanagement #creditorwatch #overdueinvoices #getpaid #latepayments #debtrecovery

5 𝗘𝘀𝘀𝗲𝗻𝘁𝗶𝗮𝗹 𝗦𝘁𝗲𝗽𝘀 𝘁𝗼 𝗧𝗿𝘂𝘀𝘁 𝗔𝗰𝗰𝗼𝘂𝗻𝘁 𝗥𝗲𝗰𝗼𝗻𝗰𝗶𝗹𝗶𝗮𝘁𝗶𝗼𝗻 𝗨𝘀𝗶𝗻𝗴 𝗟𝗘𝗔𝗣 & 𝗤𝘂𝗶𝗰𝗸𝗕𝗼𝗼𝗸𝘀 𝗢𝗻𝗹𝗶𝗻𝗲 Your trust account reconciliation process might be failing you. And you might not even know it. Using 𝗟𝗘𝗔𝗣 & 𝗤𝘂𝗶𝗰𝗸𝗕𝗼𝗼𝗸𝘀 𝗢𝗻𝗹𝗶𝗻𝗲? Follow this 5-step compliance checklist to stay protected: ✅ Step 1: Gather the right reports • Bank statement (trust account balance) • LEAP client ledgers (individual transactions) • QBO trust ledger (trust account summary) ✅ Step 2: Match LEAP & QBO records • Ensure deposits & disbursements align • Fix missing or duplicate transactions • Confirm every entry reflects real money movement ✅ Step 3: Reconcile with the bank statement If numbers don’t match, move to Step 4. ✅ Step 4: Find & fix discrepancies • Uncleared transactions? Verify them. • Missing bank fees? Adjust in QBO. • Wrong client allocations? Correct them. ✅ Step 5: Save reports & schedule reviews • Perform a 3-way reconciliation every month. • Keep all reports for compliance & audits. • Protect your firm from penalties. 💡 Automate reconciliation by integrating 𝗟𝗘𝗔𝗣 & 𝗤𝗕𝗢 for error-free tracking. P.S. Think your trust accounts are 100% compliant? DM me “𝗤𝗕𝗢” and let’s find out.

When a new client walks through your door they are usually there because of something their current accountant did right? Whether their reasoning is justified or not, as accountants, we have tendency to agree with them and do whatever we can to get them onboard. This means we are likely not onboarding them correctly and putting off a tough conversation to sometime in the future. Getting your new client onboarding right might mean having a tough conversation with a new client right from the start. This can set the right expectations and help develop a long term partnership without the risk of unwanted outcomes in the future. We have put together a guide to the perfect SMSF takeover to help you keep your clients free from unwanted headaches and to keep them coming back each year - https://lnkd.in/gHzMVtuS #accountants #finanacialadvisers #smsf #selfmanagedsuper