Eastern Credit Management Services

DECEMBER 4, 2023

In the intricate world of debt recovery, success is not just measured by dollars collected but also by the relationships built along the way. At Eastern Credit Management Services, based in the heart of Atlantic Canada, we understand that communication, choice, and control are the pillars of a successful collections strategy.

Credit and Collections 52

Credit and Collections Credit Management Transactions 52

TreviPay

NOVEMBER 20, 2023

Although it’s commonly accepted B2B trends lag behind consumer-focused initiatives, business customers still want—and expect—fast and frictionless transactions. Credit Cards Are Convenient but Not Perfect In many ways, credit cards seem like the answer to an inefficient, error-prone and slow payments process.

Credit and Collections 105

Credit and Collections Transactions Credit Application 105

Emagia

MARCH 15, 2024

Managing credit risk for B2B customers is critical for seamless order to cash (OTC) and working capital cycles. Businesses that follow traditional reactive strategies in OTC processes may find it difficult to collect at-risk future invoices, likely leading to large invoices going delinquent.

Credit Risk 52

Credit Risk Default Credit Management Credit and Collections 52

Emagia

MARCH 15, 2024

Managing credit risk for B2B customers is critical for seamless order to cash (OTC) and working capital cycles. Businesses that follow traditional reactive strategies in OTC processes may find it difficult to collect at-risk future invoices, likely leading to large invoices going delinquent.

Credit Risk 52

Credit Risk Default Credit Management Credit and Collections 52

Waystar

MARCH 21, 2023

This is the fourth post in a new Waystar blog series: 7 steps to sharpen your healthcare revenue cycle. Can’t wait for a new blog each week? Point-of-service collections in healthcare grow more complex — and more critical — each day. Use these four tips to improve your collections at the time of care.

Credit and Collections 52

Credit and Collections Deductions Transactions 52

SAP Credit Management

AUGUST 28, 2023

In this blog, we explain the Interest and Penalty Simulation and Recalculation (predated payments) in SAP TRM/PSCD. Interest Calculation Tax authorities may have to calculate and post credit/debit interests on payables/receivables. SAP PSCD provides the Interest Calculation feature to support the requirement.

Credit and Collections 138

Credit and Collections Transactions 138

CreditStrong for Business

SEPTEMBER 4, 2024

Fixing your credit might seem complicated, but it’s actually a simple process. Not to mention, working with a credit repair company can be expensive. Don’t drop hundreds of dollars on credit repair if you don’t have to. Recent credit score statistics show that 54% of people never check their credit.

Credit Scoring 52

Credit Scoring Credit and Collections Credit Reporting Agencies Credit Application 52

Abrigo

MARCH 24, 2023

Best practices for your BSA/AML risk assessment Learn top tips for creating a risk assessment to capture your credit union's risk. Has your credit union started your annual process for updating your anti-money laundering/countering the financing of terrorism (AML/CFT) risk assessment?

Credit Unions 78

Credit Unions Cybersecurity Credit and Collections Transactions 78

Eastern Credit Management Services

JUNE 13, 2023

In the challenging world of debt recovery, writing effective collection letters and demand notices is a paramount skill that can significantly impact your chances of successful debt resolution. Outline Consequences of Non-Payment: Clearly outline the consequences of continued non-payment in your collection letters and demand notices.

Credit and Collections 52

Credit and Collections Debt Collections Credit Management Transactions 52

FICO Blog

JANUARY 18, 2023

Top 5 Debt Collection Posts of 2022: Crisis and Opportunity. As more people enter the collections queue due to rising costs and economic wobbles, our collections experts share their tips for early collections, digital approaches and more. Here are the top five posts from 2022 on debt collection trends. FICO Admin.

Debt Collections 52

Debt Collections Credit and Collections Collector Transactions 52

Prosper

JANUARY 13, 2023

However, it’s never too late to learn money strategies to help you manage credit, get out of debt and create a budget and saving plan that keeps you financially fit. In this first installment of our money management series, we will explore all things credit. How do you establish or rebuild good credit? Credit Basics.

Credit Scoring 98

Credit Scoring Credit and Collections Bankruptcy Nonprofit Organizations 98

SAP Credit Management

AUGUST 2, 2023

In this blog post, I would like to share insights when settling orders that are account assigned to a grouping WBS element and therefore relevant for PMMO. The controlling postings generated from the Production Order settlement typically have the business transaction KOAO.

Transactions 150

Transactions Credit and Collections 150

SAP Credit Management

JANUARY 25, 2023

They contain the journal entries for all business transactions that are posted to them. Leverage Group Reporting’s existing abilities to manage and orchestrate global data collection processes for currencies, quantities, and texts for ESG scenario.

Revenue Recognition 166

Revenue Recognition Credit and Collections Transactions 166

RMAi Blog

SEPTEMBER 13, 2024

On September 5, 2024 the CFPB issued its annual Fair Debt Collection Practices Act report. The report stated that the CFPB received approximately 109,900 debt collection complaints in 2023. The number one complaint type was “attempts to collect debt not owed.”

Collector 130

Collector Law Firms Credit and Collections Debt Collections 130

Sky Business Credit

MAY 2, 2023

May 1, 2023 – Sky Business Credit announced the promotion of Beverly Milici to Vice President of Operations. She will continue to ensure clients are receiving the highest possible level of credit and collections service. In this role, she assisted the President in underwriting and credit approval of new business.

Credit and Collections 98

Credit and Collections Transactions 98

SAP Credit Management

AUGUST 23, 2023

Advanced Log Space Management (ALSM) can help avoid transaction log full situations where applications rarely commit and hold the oldest log file for a very long time. However, ALSM does not guarantee that transaction log full situations never occur. How did the use of the Db2 transaction log develop over time (in percent)?

Transactions 112

Transactions 112

Emagia

NOVEMBER 21, 2023

Most recently that meant talking with a group of leaders in the B2B credit industry as part of NACM South Central’s annual “Day at the Races” event in Louisville, KY. The biggest one continues to center around job security, which we recently covered on our blog that you can read now by clicking here. The short version is: yes.

Days Sales Outstanding 52

Days Sales Outstanding DSO Credit and Collections B2B Credit 52

Lockstep

JULY 27, 2022

In today’s economy, it is essential to be able to allocate credit where it is needed most. based B2B sales are paid using customer credit, knowing how much credit to extend and to which customers is of dire importance. Issuing too much credit to the wrong customers can lead to disastrous outcomes. .

Credit Scoring 87

Credit Scoring Accounts Receivable (AR) Bad Debt AR Automation 87

JSP Credit Management

JUNE 27, 2022

Some of our more avid readers, will know that we get our inspiration for our blogs from all manner of places. There were times we had to deal with disputes and excuses for not paying, and the first time our mentor tried to explain what a credit note was, well.mind.blown. Enter, new mentors and new skills. Yes, they did.

Debt Collections 52

Debt Collections Credit and Collections Collector Credit Management 52

RMAi Blog

AUGUST 22, 2024

RMAI expanded its scope to include collection agencies, law firms, brokers, and most recently vendors, recognizing their individually diverse roles within the receivables management ecosystem. Making Evolutionary Changes The certification journey commenced in 2012, initially focusing on debt buyers. in the seven years from 2012 to 2018.

Law Firms 147

Law Firms Credit and Collections Debt Collections Transactions 147

SAP Credit Management

JULY 27, 2023

This blog contains selected highlights from SAP Financial Compliance Management, SAP Document and Reporting Compliance, and tax-related enhancements for Indirect Taxation Abroad (RITA) along with their business benefits and deep-dive system demos. In addition, you can centrally review the findings and initiate corrections.

Dashboards 141

Dashboards Transactions 141

SAP Credit Management

JULY 10, 2023

Intrastat is a statistical reporting system used in the European Union (EU) to collect information on the movement of goods between EU member states. Under Intrastat, businesses must report specific details about their cross-border transactions, including the commodity code, value, quantity, and partner country of the goods traded.

Credit and Collections 111

Credit and Collections Default Transactions 111

RMAi Blog

AUGUST 14, 2024

The Q&A largely focused on participant inquiries about the process of submitting medical debt rulemaking comments, the likelihood of the rule proposal surviving legal opposition, and the relevance of credit reporting. RMAI is concerned that the current exemption for credit cards is not broad enough. First Credit Union v.

Electronic Funds Transfer 130

Electronic Funds Transfer Credit and Collections Bankruptcy Law Firms 130

TreviPay

SEPTEMBER 18, 2024

Trade credit insurance has become a vital tool for businesses looking to protect themselves from the risk of non-payment by customers. Trade credit insurance, also known as accounts receivable insurance, safeguards businesses from significant losses. This guide to trade credit insurance will help you navigate the complexities of it.

Bad Debt 52

Bad Debt Default Credit and Collections Export Credit 52

SAP Credit Management

AUGUST 21, 2023

Co-author: [link] In this blog, we will see how Tax Abroad influences the roles and responsibilities of Intrastat reporting. Therefore, tax registration abroad will influence the roles and responsibilities described in earlier blogs on this topic. The Delivering Company reports Dispatch in Country A.

Transactions 139

Transactions 139

SAP Credit Management

FEBRUARY 8, 2023

For the last update, have a look at my previous blog post “ SAP S/4HANA Cloud, Public Edition Product Update Series H2 2022: Sustainability “ Let’s begin with a quick overview of the latest and greatest from Sustainability LoB. In my previous blog post, I introduced the product.

Dashboards 149

Dashboards Transactions 149

Onguard

JULY 25, 2024

2 Three main challenges to technology in credit management Although new technologies -such as AI, RPA and blockchain- are on the rise within the finance department, implementation does not always go smoothly: 28% of finance professionals state that their team lacks the skills and/or knowledge to implement the technology.

Credit Management 52

Credit Management DSO Days Sales Outstanding Credit and Collections 52

Lendio

DECEMBER 14, 2022

Even as a small business owner with no revenue and no credit (or bad personal credit), you might be able to find a startup business loan. Getting A Business Loan With No Credit. When you apply for a business loan, many commercial lenders will review your credit history to get a sense of how you’ve handled debt in the past.

Credit Scoring 98

Credit Scoring Credit and Collections Credit Reporting Agencies Small Businesses 98

SAP Credit Management

FEBRUARY 1, 2023

SD Intercompany Billing (report RVPKMASS96, “Collective Processing of Resource-Related Billing”). You collect a set of reports with the same input parameters in one folder. With this blog, you’ve learned how that concept applies to the “Sales Organization” and SD-related tasks.

Transactions 149

Transactions 149

CreditStrong for Business

JULY 1, 2024

Unfortunately, it’s challenging for new startups to qualify for traditional business loans because they lack business credit. Let’s explore some alternative forms of financing you can use to clear that hurdle and get startup business loans with bad credit. You’ll usually need good personal and business credit to qualify for an account.

Credit Scoring 52

Credit Scoring Credit Unions Credit and Collections Nonprofit Organizations 52

SAP Credit Management

JANUARY 13, 2023

This blog describes the following elements: Restatements. Also, you can perform different types of restatements, which require a change in master data, transaction data, or configuration. New settings for the version (run mode, allow for local currency, transaction currency, quantity changes). Simulations.

Transactions 184

Transactions 184

SAP Credit Management

SEPTEMBER 13, 2023

But a new digital transformation [1] replace legacy connectivity technologies of electronic data interchange (EDI) with the Internet of Supply Chains (IoSC) [2] Internet of Supply Chains (IoSC) links systems, processes, and people into a collective information network for intelligent business execution.

Transactions 169

Transactions 169

RMAi Blog

MARCH 31, 2023

Fairfield, NJ – Vertican Technologies , a global leader in the legal collection software industry, is proud to announce it has invested in Greentree Legal (GTL) in another milestone of Vertican’s plan to provide the collection industry with the tools it needs to become more efficient, compliant, and profitable.

Credit and Collections 130

Credit and Collections Transactions 130

SAP Credit Management

JULY 31, 2023

This blog post is part of a series of technical enablement sessions on SAP BTP for Industries. The replay of the session related to this blog post and all the other sessions is available here. The data foundation is provided by external data services, where the bus location, timetables, road disruption are collected.

Dashboards 137

Dashboards Transactions 137

Lendio

MAY 17, 2024

When you execute a business transaction and receive money, that’s an inflow of cash. For example, if you sell an item on credit, you don’t actually have the cash on hand—it’s an account receivable, which still needs to be collected. When you spend money on inventory, bills, or other expenses, that’s an outflow of cash.

Credit and Collections 98

Credit and Collections Transactions Small Businesses 98

Fundera

AUGUST 2, 2017

I’ve compiled a list of the five best accounting blogs I’ve found that can help you answer questions, learn accounting principles and keep you up to date on topics like accounting technology, best practices for bookkeeping and taxes. Accounting Coach Writer, Harold Averkamp, CPA, MBA. 5minutebookkeeping.com Editor, Veronica Wasek, CPA.

Bad Debt 75

Bad Debt Credit and Collections Small Businesses Transactions 75

Abrigo

SEPTEMBER 8, 2023

However, banks and credit unions must balance their fraud-fighting obligations with consumer compliance requirements on deposit-availability timeframes and notices under Reg CC. Efficient compliance with both Reg CC and the requirements tied to anti-fraud or anti-money laundering can also greatly impact customer or member experiences.

Credit Unions 78

Credit Unions Credit and Collections Transactions 78