The ABC Companies has announced the merger of its two receivable management subsidiaries, American Bureau of Collections (ABC) and Amega Group, forming ABC-Amega Inc. ABC-Amega’s modular services provide a menu of cash management strategies, which according to ABC Companies, enables clients to improve effectiveness, increase efficiency and gain better control of the credit-to-cash process. In an unrelated move, the New York Media Credit Association (NYMCA) has selected Amega Group’s Credit Information Division to provide credit group services for its members. NYMCA is an credit association for media credit professionals with members over 30 organizations from major media including cable television, network television, sports and news cable TV, and radio. Amega will manage and organize credit information submitted by NYMCA members through its Internet interchange system, which allows members to submit or retrieve information on a 24/7/365 basis. It will also facilitate meetings by acting as recording secretary and administrating account clearances.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.