Loss prevention, also known as asset protection or shrinkage, refers to a set of strategies put in place by businesses and organizations to minimize various forms of loss. These losses can occur due to theft, fraud, accidents, errors, or other unforeseen events and can significantly impact a company's financial health, reputation, and overall operations. Keep reading....
Full ArticleContinue reading and learn more about the risks associated with mobile ACH payments, what key regulations are currently in place to safeguard financial data.
Full ArticleBusiness valuation is an important process for small and large companies alike, offering owners and prospective buyers an objective method by which to appraise the worth of a business entity.
Full ArticleCorporate fraud has always been prevalent in the business world, but in the past decade, fraudulent activity has emerged as a leading threat that can wreak havoc on companies' financial stability, reputation, and overall operations. According to a New York Times article, this form of fraud cost companies $831 billion in 2021 alone. And the rate for these crimes continues to rise.
Full ArticleIn the intricate world of debt management, businesses often find themselves at a crossroads when it comes to collecting unpaid debts. Deciding whether to engage third-party debt collection agencies or handle collections in-house is pivotal, packed with implications for financial health and customer relationships. Discover more...
Full ArticleDebt collection isn't usually enjoyable, but it's a necessary part of any lending institution. Leaving too much outstanding debt out at one time can lead to financial instability and, in the worst case, insolvency. We saw this recently with the 2023 bank failures nationwide, leading to a mini-financial crisis. Keep reading...
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