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5 Accounts Receivable Collection Mistakes You Should Avoid

Gaviti

This mindset often leads to underinvestment in collections efforts, and when budget cuts are necessary, accounting departments like collections are typically the first affected. However, maintaining a steady cash flow is essential for business survival, and efficient collections directly impact the bottom line.

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Top 10 Collection Reminders Writing Tips

Gaviti

Managing accounts receivable can be challenging, but having a structured approach to writing collection reminders can make a significant difference. Having a defined plan will help you to act systematically in order to collect your receivables in a timely manner. Even a CRM log is better than nothing.

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Event Driven Architecture with Event Mesh – Part-2

SAP Credit Management

Introduction This is the continuation of my previous blog , where I started with the concepts of event driven architecture and integrated event mesh with CAP project. In this blog (Part-2), we will create a REST API using SAP Integration suite and configure it as a consumer for consuming the messages from Event Mesh.

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Avoid these Six Collection Myths

Your Virtual Credit Manager

Commercial collections is no different. Collection myths can be found at the very root of bad decisions as well as informing counter-productive activities. Adhering to collection myths more often than not leads to bad outcomes. Simply put, collection myths get in the way of doing the best job possible. Subscribe now 1.

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How Are Your Customers Doing?

Your Virtual Credit Manager

We often talk about the importance of having an efficient and effective collection process and how, from a process improvement perspective, collections automation provides substantial benefits. We don’t, however, want to minimize the importance of the credit side of the equation. Do you need help improving cash flow?

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Managing credit concentration risk

Abrigo

Finding and managing vulnerabilities in credit portfolios Fresh reminders of why it's important to manage credit concentration risk are everywhere. Its a good reminder that in todays environment, risk managers and credit professionals should reexamine how they identify, assess, and communicate portfolio vulnerabilities.

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Streamlining Real-time Business Processes with SAP Event Mesh: A Prototype Exploration

SAP Credit Management

Event-driven architecture, exemplified by the SAP Event Mesh, addresses this by allowing systems to promptly respond to changes, optimizing both performance and efficiency. Through my integration of SAP Event Mesh and SAP S/4 HANA Cloud, I aim to demonstrate the potential for businesses to elevate transparency, speed, and adaptability.