Your Virtual Credit Manager

JANUARY 3, 2023

Photo by DESIGNECOLOGIST on Unsplash Editor’s Note: To start off the New Year, we’re bringing back three of the most popular YVCM articles from 2023. We’ve condensed the articles to save you time, but have also provided links to the originals should you want to take a deeper dive.

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AR Automation Collector Credit and Collections Bad Debt 130

Your Virtual Credit Manager

JANUARY 16, 2024

Here then are eleven mistakes that business debt collectors should avoid: 1. The experts at Your Virtual Credit Manager are ready to help you improve cash flow and reduce AR risks during these challenging times. A little training goes a long way in helping collectors be more effective. What do you need help doing?

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Debt Collections Collector Credit and Collections Bad Debt 130

JSP Credit Management

OCTOBER 10, 2021

A recent article suggested that the ‘gig economy’, consisting of apps such as Uber and Airbnb employs no fewer than 1 in 10 working adults in the UK. Whilst there can be found some criticisms, the above article notes that the amount of people earning an income from these apps has doubled in recent years. That is approximately 4.7

Collector 52

Collector Debt Collections Credit and Collections Bad Debt 52

Your Virtual Credit Manager

DECEMBER 13, 2022

People do not aspire to become commercial debt collectors. Those of us who have spent our careers in credit and collections, fell into the profession. Nobody grows up wanting to be a bill collector. Nobody grows up wanting to be a bill collector. Where collectors earn their keep is when there is an issue.

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Collector Credit and Collections Past Due Invoices Credit Management 130

Your Virtual Credit Manager

MAY 28, 2024

Quality control issues that slip through production and or arise during distribution are not usually discovered until after the invoice is billed — most likely by the collector. To help you focus on the real problems, this article will discuss five situations that are commonly at fault.

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Accounts Receivable (AR) Past Due Invoices Credit and Collections Collector 130

Your Virtual Credit Manager

FEBRUARY 14, 2023

Instead of threatening them right off with credit holds and possible legal actions simply ask if they can pay you today, and then wait for their answer. The best collectors are somebody who is easy to talk to. When I was a credit manager, I engaged with people holding all those positions, and even a few more.

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Collector Credit and Collections Credit Management Small Businesses 100

SAP Credit Management

JANUARY 16, 2023

Objective: This Article explains the processing of Vendor Payment using Bank Communication Management (BCM – End to End process from Vendor invoice to Vendor payment). Approval of Vendor payments through the workflow for AP Manager. Vendor payment process through BCM.

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RMAi Blog

MAY 12, 2023

Seventh Circuit Holds Confusion and Concern Not Enough for Article III Standing Pucillo v. Nat’l Credit Sys. , A debt collector unaware of the discharge, allegedly due to a bona fide error, sent several collection letters to the consumer regarding the past-due rent. 21-3131, 2023 U.S. LEXIS 10237 (7th Cir.

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Collector Credit and Collections Law Firms Debt Collections 130

Your Virtual Credit Manager

JANUARY 9, 2024

Two weeks ago we recapped the three most read articles from 2023: identifying red flags, understanding why customers pay late, and the secrets of successful collectors. Then last week we looked at credit hold best practices. From a credit management perspective, these are largely reactive topics.

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Credit and Collections AR Aging Accounts Receivable (AR) Deductions 130

Your Virtual Credit Manager

NOVEMBER 7, 2023

Good customers will not be surprised by your call, though if they realized they have let your invoice go past due they may be hoping you won’t call and are probably more uncomfortable than the most timid collector. More About Purchasing Credit Reports Making empty threats. Wanting to be liked. It’s business, not personal.

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Credit and Collections Collector Credit Management Small Businesses 100

SAP Credit Management

JULY 12, 2023

2981865 – ICMON collector change with OAuth authentication. 3082444 – ICMON collector change with OAuth authentication for SP11. Choose the interface channel and monitor the metrics Useful sap notes: 3289914 – Corrections for ICMON 7.2 Reference links: [link]

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Collector 137

SAP Credit Management

JANUARY 6, 2023

In this article, I will provide you an overview of some of the new features and enhancements of the DBA Cockpit for SAP Adaptive Server Enterprise in the past two years. More information about the topic Missing Statistics will follow in a separate blog article. Leon-Rot, Germany. Missing Statistics. SSL Certificates. Baldr Version.

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Your Virtual Credit Manager

SEPTEMBER 26, 2023

Starting next week, free subscribers will only receive the introductory section of our weekly articles. Plus, you will get full access to our growing archive of over 110 articles! Hiring a temporary collector or two is one solution. Offer ends 9/30/23. What do you need help doing? That’s why the time to act is now.

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Credit and Collections Accounts Receivable (AR) Deductions Collector 147

Your Virtual Credit Manager

DECEMBER 6, 2022

At a very basic level, you should always have new customers complete a credit application, including bank and vendor (trade) references, and sign a credit agreement ( for an article about credit appications click here ). Buy Credit Reports In regard to collections, a well defined process is imperative.

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DSO Credit and Collections Bad Debt AR Aging 130

MNS Credit Management Group

MAY 3, 2023

In this article, we will explore the causes of these issues, their consequences in the b2b debt collection industry, and potential solutions. This, in turn, has led to difficulties in making payments to suppliers, including B2B debt collectors. This can be done by diversifying their client base and implementing strong credit policies.

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Bankruptcy Debt Collections Collector Credit and Collections 52

SAP Credit Management

SEPTEMBER 5, 2023

As a result of this landmark legislation, businesses and individuals will have a greater opportunity to manage personal data in the digital age. DPDP Act provisions are discussed in this article, offering insight into SAP customers’ potential implications and various SAP solutions that can be utilized.

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Collector Dashboards 183

MNS Credit Management Group

MAY 25, 2023

Under Article 1234 of the Civil law Debt is described as a type of agreement where a party is required to provide something or perform an act. Firstly, the creditor must send a warning letter or reprimand (simas) to the debtor in accordance with Article 1238 of the civil code.

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Debt Collections Credit and Collections Collector Law Firms 52

MNS Credit Management Group

JUNE 5, 2023

In the following article, we explore the positive aspects of amicable debt collection as well as the key strategies for achieving a positive outcome. By maintaining a respectful and cooperative attitude, debt collectors can avoid damaging the relationship with the debtor.

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Debt Collections Collector Credit and Collections Credit Management 52

MNS Credit Management Group

DECEMBER 2, 2022

Who are debt collectors? A corporation or agency that recovers money owing on past-due debts is known as a debt collector. Many businesses that owe money to creditors use debt collectors, who work for a fee or a portion of the total amount collected. Another name for a collection agency is a debt collector. Introduction.

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Debt Collections Collector Credit and Collections Bad Debt 52

MNS Credit Management Group

AUGUST 11, 2023

Debt collectors must use crucial tactics to do this, which guarantee a win-win situation for all sides. 2) Hiring a Debt Collector: If the creditor lacks the time to follow the debtor, he may decide to cooperate with a debt collection company. The debt collectors will make an effort to come to a deal with the debtor.

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Debt Collections Collector Out of Court Settlement Credit and Collections 52

SAP Credit Management

JULY 26, 2023

The Z Garbage Collector (ZGC) is no longer an experimental feature. Compact number formattiing support. (1k,1M 1k,1M etc) Day Period Support Added. (Ex: Ex: in the morning etc) Context-Specific Deserialization Filters. Enhanced Pseudo-Random Number Generators. Vector API and Foreign function.

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Collector Default 105

JSP Credit Management

SEPTEMBER 28, 2021

So a career in various credit management roles before JSP Credit Management being born of over 15 years has left us extremely well placed to pass comment on some potential causal factors affecting non-payment. So, time for the big reveal.

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Credit and Collections Collector Bad Debt Debt Collections 52

SAP Credit Management

DECEMBER 20, 2022

I am a collector of old computers and software and have a passion for these vintage systems. Usually I write about the latest tech trends, but this year is SAP’s 50th anniversary so to celebrate this significant milestone I wanted to do something special.

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Collector Transactions Default 154

JSP Credit Management

OCTOBER 31, 2021

This article aims to explore the different types of companies that exist in the UK and discuss the implications of each of the different structures for the debt collection industry. A distinction must be taken into consideration between the Directors and Shareholders personal financial circumstances and the company’s financial affairs.

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Debt Collections Credit and Collections Law Firms Collector 52

SAP Credit Management

DECEMBER 26, 2022

In transaction ST03, expand subtree Collector and Performance DB -> Performance Database -> Monitoring Database -> Reorganization. Adjust the retention time settings to retain the aggregate values for updates, deletes and inserts as long as desired, and wait long enough for the aggregates to be collected.

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Collector Default Transactions 152

RMAi Blog

MARCH 14, 2023

Nevada AB 223 – This bill would require debt collectors to provide a payoff letter within 10-days of a consumer request. New York AB 1035 – This bill would prohibit debt collectors from communicating with consumers through the use of email, text messaging, or private communication tools offered by social media companies.

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Collector Law Firms Credit and Collections Debt Collections 130

RMAi Blog

APRIL 12, 2023

Through the efforts of RMAI, our Colorado lobbyist, and other industry partners we were able to get an exemption for credit card debt unless the credit card was offered specifically for the payment of health-care services or health-care goods. RMAI was able to obtain some modest amendments; however, we remain in opposition.

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Law Firms Collector Credit and Collections Default 130

RMAi Blog

JANUARY 13, 2023

Here are some recently introduced bills that might be of interest: New York SB 171 – This bill would create a private right of action against originating creditors and debt collectors for a violation of the Debt Collection Procedures Act. Preferred Collection and Management Services, Inc. (Hunstein III) , 48 F.4th 4th 823 (10th Cir.

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Law Firms Collector Credit and Collections Debt Collections 130