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Lessons for Trade Creditors from Recent Bankruptcies

Your Virtual Credit Manager

Credit analysts should also review past decisions to improve their future performance regarding approvals, limits and term setting. Another thing trade creditors can study is companies that have defaulted or filed for bankruptcy. Despite efforts to negotiate with creditors, Hertz filed for Chapter 11 bankruptcy protection in May 2020.

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Turning Pressure Into Performance

Your Virtual Credit Manager

During a May 28, 2020 podcast on Garmin.com entitled “The Shark on the Green”, Norman shared insights into how he maintained focus and clarity during high-stakes golf tournaments. This advice should resonate deeply for anybody involved in credit management, particularly in times of economic uncertainty.

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New Employee Business Partner Concept in SAP S/4HANA

SAP Credit Management

The new employee business partner data model was introduced as of release SAP S/4HANA 2020 and an external worker i.e. vendors, customers can be represented in the new data model as of release SAP S/4HANA 2021. New employee business partner data model is available as of SAP S/4HANA 2020 FPS00 OP. SAP S/4HANA upgrade from below 2020.

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Red Flags that Demand Your Attention

Your Virtual Credit Manager

Far more damaging is a customer that defaults (never pays). The inability to recover the loss with new business puts a serious crimp in a firm’s cash flow, especially when the default involves a large amount. Credit availability is shrinking. These bad debt losses can put your own business at risk of failure.

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VAT Support for EU Cross-Border Movement of Own Stock with SAP S/4HANA Cloud, Public Edition 2308

SAP Credit Management

This app tracks all consignment goods movements to and from the call-off stock for the supplier, based on intra-community simplification rules between two EU countries as per the European Council Directive 2006/112/EC Article 17a (as known as 2020 EU VAT Quick Fixes ). Please consult your tax advisor for legal advice.

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Fiori launchpad Spaces and Pages

SAP Credit Management

Pages and Spaces is part of new Layout Design of Fiori Launchpad which is available from S4H4HANA 2020 and onward on both cloud and on Premise environment. New Page which is created is by default with Visible status. Role : SAP_BR_ANALYTICS_SPECIALIST. Transaction Access : PFCG Transaction. What is Spaces and Pages.

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SAP Fiori for SAP S/4HANA –Finding authorization objects for SAP Fiori apps with SU24

SAP Credit Management

When you add a business catalog to a custom business role, and then activate the role, there is a default authorization proposal that is added to your custom business role. It does this using SAP delivered authorization defaults – known as Authorization Proposals. You can find these Authorization Proposals in transaction SU24.

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