Abrigo

OCTOBER 14, 2014

When it comes to the risk management process, there is no one-size-fits-all approach. “It is as much an art as a science,” says Tim McPeak, risk management consultant at Sageworks. ” But these inconsistencies pose significant challenges to managing credit risk at financial institutions. Utilize technology.

Risk Management 223

Risk Management Management Taxes Analysis 223

PYMNTS

SEPTEMBER 28, 2020

They also need to collect and verify vendors’ details to comply with anti-crime regulations, adhere to tax reporting requirements and deliver convenient digital payments to these suppliers. Preventing crime also includes thwarting tax fraud, and companies must obtain certain details to fulfill their tax reporting responsibilities.

Data 166

Data Management Taxes Meeting 166

Abrigo

MARCH 13, 2024

Takeaway 3 To triage a CRE loan in workout, first re-engage the deal team and conduct a comprehensive review of the loan documents. Here’s how banks and credit unions with strong CRE risk management can identify weakening property loans, assess them, triage them, and assist with their prognosis and treatment.

Strategy 221

Strategy Course Meeting Taxes 221

PYMNTS

JANUARY 22, 2019

Accounting, consultancy and technology firm Crowe is rolling out a new solution designed for hospitals to automate daily bank reconciliation processes and manage cash flow, the company said in a recent announcement. The financial services sector is promoting innovation in the area of healthcare financial management.

Management 184

Management Tools Taxes System 184

PYMNTS

MAY 13, 2020

The IRS is seeking to have contractors assist in auditing digital currency tax returns, according to a post on CryptoTrader.Tax ‘s website. CryptoTrader.Tax is a tax software platform and is used by bitcoin as well as digital currency investors to manage their reporting.

Taxes 130

Taxes Bitcoin cryptocurrency Meeting 130

BankBazaar

OCTOBER 1, 2022

Additional Reading: A Millennial’s Guide To Tax-Saving Investments. NPS is an easily accessible and portable retirement savings instrument that is low cost and tax efficient. As per the 1961 Income Tax Act, NPS offers tax benefits of up to Rs. What are the income tax benefits available to individuals contributing to NPS?

Taxes 78

Taxes Policies National Management 78

Abrigo

OCTOBER 28, 2015

Likewise, accountants each year experience a tax season that requires detailed planning and precise execution. One way to organize those efforts as tax season approaches is to think of your planning in terms of three general areas: capacity, communication and conclusion.

Taxes 150

Taxes Meeting Software Examples 150

BankBazaar

JUNE 24, 2019

Here’s the list of documents that you need to keep handy while filing ITR for FY 2018-19. The deadline to file Income Tax Returns for FY 2018-19 is 31 st July 2019. As the date for filing ITR is almost here, it’s smart to keep the required documents handy in advance to avoid any nasty surprises later. Take a look.

Taxes 60

Taxes Capital Cards Management 60

Abrigo

FEBRUARY 18, 2016

In this webinar, Sageworks is teaming up with Linda Keith CPA again to bring you more great information about tax return analysis. Linda has been a guest speaker on several Sageworks webinars that covered topics like Global Cash Flow , Red Flags for Tax Return Analysis and Making Judgement Calls for Tax Return Analysis.

Guidelines 150

Guidelines Analysis Taxes Training 150

South State Correspondent

JUNE 7, 2023

Bank ERC Background Bank ERCs is a refundable tax credit available to businesses, including financial institutions, affected by the global pandemic as granted under the CARES Act and modified by the Relief Act. For employers with 500 or fewer employees, all wages paid to employees can be qualified.

Taxes 195

Taxes Meeting Operations ATM 195

South State Correspondent

MARCH 21, 2023

ERC gave eligible businesses a refundable tax credit of up to 50% of $10,000 for qualified wages paid per employee. Community banks can now white label this same product to onboard and process employee retention tax credits for the bank’s small business customers AND prospects. In 2020, the U.S.

Taxes 195

Taxes Community Bank Community Operations 195

PYMNTS

SEPTEMBER 17, 2020

Physical documents introduce a trove of friction points for the enterprise. Whether that's a lack of security if a piece of paper falls into the wrong hands, or simply the pain of having to manually store a document or capture its data, paper is far from the most efficient way to do business. A (Digital) Document Deluge.

Compliance 157

Compliance Taxes Industry Data 157

PYMNTS

AUGUST 5, 2019

International Business Machines Corp (IBM) and blockchain consultancy Chainyard have announced a new blockchain network for supply chain management designed to improve supplier validation, onboarding and life cycle information management, IBM said in a press release on Aug. 5 (Monday).

blockchain 122

blockchain Management Tools Taxes 122

Abrigo

JANUARY 17, 2023

A lot of us used a customer portal for PPP Lending due to the mere volumes of customer loan requests and documents flowing to/from the bank and the customer. The customer portal for requesting financials and tax returns. No more file/share renaming the documents to the appropriate customer, etc. This has several bonuses.

Lending 195

Lending System Customer Experience Case Study 195

PYMNTS

DECEMBER 4, 2020

Customers of digital business banking platform Penta will now have the option to manage accounting and receipts digitally as the company partners with Germany-based DATEV Marketplace , a company news release stated.

Taxes 164

Taxes Digital Banking Management Fintech 164

Abrigo

MAY 1, 2020

Manage PPP loans through forgiveness. Guidance for other employers in general on documentation for forgiveness isn’t spelled out specifically. However, the American Institute of CPAs recently published recommendations for PPP loan forgiveness documentation aimed at driving consistency among lenders and reducing borrower confusion.

Taxes 195

Taxes Lending Payments Report 195

Abrigo

MAY 10, 2021

Takeaway 2 Process management features of a loan origination system help manage the workflow, from analysis through closing. A loan origination system (LOS) should perform several basic functions to automate and manage the end-to-end steps in the commercial loan process. LOS process management features.

System 195

System Lending Analysis Software 195

FICO

MARCH 8, 2021

This year the Internal Revenue Service (IRS) will start accepting 2020 tax returns on February 12 , about two weeks later than usual. That’s positive news—because you definitely want to file your tax return as soon as possible, particularly if you’re claiming a refund. How do fraudsters commit tax refund fraud? File early.

Taxes 52

Taxes Fraud Security Cards 52

BankBazaar

JUNE 18, 2020

Faced with some tough money management choices amid the COVID-19 outbreak? If your tax slab is 30%, your FD returns will be taxed to that extent, unless you’re a senior citizen eligible for certain income tax bene?ts after income tax and that is your e?ective ective post-tax return (refer to Table 2).

Management 78

Management Taxes Examples Capital 78

PYMNTS

JUNE 24, 2016

A new solution by business service provider TMF Group is looking to help corporations manage employee spend, regardless of location. The company launched TMF QuickDocs , a product aimed at facilitating document retrieval to access corporate records across geographical jurisdictions.

Management 101

Management Compliance Groups Taxes 101

FICO

JUNE 11, 2019

Tax agencies have a limited amount of resources to pursue tax compliance activities (collections and audit). Tax Compliance - Why Use Analytical Models at Tax Agencies? The IRS, among other tax agencies are investing in predictive analytics. Tax Compliance - Predictive Analytical Models. Three Types.

Taxes 58

Taxes Analytics Compliance Resources 58

PYMNTS

JANUARY 16, 2019

The CBA said it will look to include smaller and mid-sized banks on the platform, with eventual additions of tax agencies and customs activities to the platform. Separately, the South Korean government has been eyeing tax breaks for blockchain in a move that looks to bring innovation to the region. IoT Gains Traction With Blockchain.

blockchain 206

blockchain Taxes Security Survey 206

FICO

JANUARY 6, 2022

As credit issuance, account management and collections enter the digital age, the opportunity for innovative experimentation is accelerated and made more complex by the wide range of data and decision points a digital platform enables. Can the decision process be fully digital, even if the documentation process must be fulfilled manually?

Management 52

Management social media Customer Experience Strategy 52

BankBazaar

AUGUST 4, 2022

If you missed the July 31 st deadline for income tax return filing, here’s what you need to know. The deadline for filing your income tax return for the assessment year 2022-23 was July 31 st , 2022. Filing your return on time also means you’re eligible for income tax refunds. Additional Reading: Home Loan Tax Benefits.

Taxes 78

Taxes Policies Payments Company 78

Perficient

AUGUST 19, 2020

During the last two months approximately, one new solution, Cloud Administration Tools “CAT”, and three updates: Account Reconciliations “RCM”, Task Manager “UTM” and Tax Provision “TXP” have been released. With the process executed, the task which is a task type of Data Management can be monitored from Task Activity.

Management 322

Management Tools Taxes Software 322

BankBazaar

DECEMBER 12, 2023

The added perk is its tax benefit – investing in PPF allows you to save up to ₹ 1.5 lakh annually with tax breaks under Section 80C. This stability and tax efficiency appeal to risk-averse investors, evident in the current 7.1% Additional Reading: Why Should You Choose NPS As A Tax-Saving Investment? return rate.

Taxes 78

Taxes National Marketing Regulation 78

Abrigo

MARCH 24, 2023

READ Takeaway 1 Documentation is one of the most critical aspects of performing a risk assessment. Step one Document the BSA/AML risk assessment Documentation is one of the more critical aspects of performing a risk assessment. The credit union’s risk analysis can only be adequately supported with supporting documents.

Fraud 195

Fraud Compliance Examples Analysis 195

Abrigo

AUGUST 28, 2019

When commercial bankers making $200,000 a year are driving all over town to pick up supporting documents just to get the completed loan application moving forward instead of calling on prospects, inefficiencies of a manual application system are personally frustrating. It’s a generational opportunity to enhance earnings.

Lending 150

Lending Analysis Taxes Data 150

Abrigo

OCTOBER 11, 2016

They would not yet have tax returns for the business, and they would likely still be showing poor cash flows. Additionally, document collection can be one of the biggest obstacles to booking a loan. For example, consider a small business owner in their first year of business.

Analysis 150

Analysis Lending Taxes Software 150

BankBazaar

NOVEMBER 27, 2023

The Significance of End-of-the-Year Financial Planning Tax Optimisation: One of the primary reasons for end-of-the-year financial planning is to optimise your tax situation. By reviewing your income, expenses, and investments, you can identify opportunities to reduce your tax liability.

Taxes 78

Taxes Resources Strategy Policies 78

Abrigo

SEPTEMBER 5, 2023

Portfolio segments should be monitored and managed, not get buried in exception counts. This is particularly true of credit exceptions related to account management (e.g., Management may conclude that specific sections of the written policy are no longer relevant. and property tax payments. It just stays on forever.

Policies 195

Policies Lending Risk Management Examples 195

Abrigo

NOVEMBER 13, 2023

Problem loan processes are unique at each financial institution, but typically, problem loans are isolated, documented and discussed, analyzed for root problems, and frequently reevaluated. Review of outstanding documentation exceptions. Make sure to look at lien perfection, tax payments, and insurance.

Analysis 195

Analysis Lending System Survey 195

Gonzobanker

FEBRUARY 22, 2024

People: Employ the Whole Team Cornerstone recently conducted “boots on the ground” interviews with 30 community banks and found that responsibility for small business lending varied from institution to institution with some leaving it up to the branches and others assigning relationship managers to named accounts.

Lending 78

Lending Community Bank Community Strategy 78

Abrigo

JULY 19, 2017

One of the most common ways to import the data from a tax return into a digital system is to use Optical Character Recognition (OCR) software. However, for more complex data like a tax return that has both letters and numbers of varying lengths, OCR is not very accurate. This happens when a computer sees an image of a tax return.

Taxes 150

Taxes Software Data Lending 150

Abrigo

OCTOBER 15, 2020

The SBA’s Lender Application Form requires lenders to certify that they have “complied with the applicable lender obligations,” including confirming receipt of the borrower’s certifications, receipt of information regarding employee pay and taxes, and the average monthly payroll costs. Credit Risk Management. Learn More. C&I Loans.

Fraud 150

Fraud Lending Los Angeles Taxes 150

PYMNTS

JUNE 2, 2020

In separate news, IBM and Chainyard, the blockchain consultancy, unveiled a supply chain management blockchain network called Trust Your Supplier, which aims to bolster supplier validation, life cycle data management and onboarding.

blockchain 142

blockchain United States Taxes System 142

Abrigo

JULY 27, 2016

All financial institution personnel play a role in the maintenance of positive asset quality through loan portfolio management, especially during periods of growth. But as the OCC instructs examiners in its Comptroller’s Handbook, loan portfolio management is the process by which these inherent risks are managed and controlled.

Handbook 150

Handbook Taxes Management System 150