Your Virtual Credit Manager

NOVEMBER 21, 2023

For most small businesses, collections are reactive. In the meantime, routine collections are driven by passive activities, often just a monthly statement. While statements provide a history of invoice, credit, debit and payment activity on an account, dunning notices focus on past due balances.

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Credit and Collections Past Due Invoices Small Businesses Credit Management 130

Your Virtual Credit Manager

JANUARY 30, 2024

The evolution of Accounts Receivables (AR) automation has revolutionized our collection strategies. Manual collection processes centered on an aged accounts receivable trial balance (ARTB) lack the regimentation and efficiency brought about by automation. For a more in depth discussion of systematic collections, click here.

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Credit and Collections Collector Accounts Receivable (AR) Days Sales Outstanding 130

Your Virtual Credit Manager

MARCH 19, 2024

If all your customers paid promptly — by the time the invoice was due — you would not need to do any collection work. Collections is a reactive process. The amount of collection activity with which you are tasked is directly proportional to your customers’ payment habits.

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Bulk Transfer Credit and Collections Bankruptcy Third Party Collections 100

Your Virtual Credit Manager

DECEMBER 26, 2023

In our case, we found our readers had an affinity for articles on identifying collection risks and the best ways of dealing with past due balances. Hopefully, these insights will help you with your collection efforts Not a subscriber … why don’t you take advantage of a YVCM subscription?

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Collector Credit and Collections Default Third Party Collections 130

SAP Credit Management

JANUARY 12, 2023

Fluid Tele-collaboration in Virtual Reality using the Metaverse Today: An SAP Recruitment Event Case Study. It was implemented as a case study exercise, utilized in a recruiting event, adressing “How it feels to be an SAP consultant.” The results were quite encouraging, informative, and in some respects also surprising! .

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Transactions 139

Your Virtual Credit Manager

APRIL 2, 2024

Commercial credit scores predict the likelihood of a business fulfilling its financial obligations, particularly regarding debt repayment and trade credit. Commercial credit scores are often not as well understood as consumer credit scores such as FICO. Photo by Element5 Digital on Unsplash First, a little background.

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Credit Scoring Credit and Collections Bad Debt Credit Risk 130

Gaviti

NOVEMBER 21, 2024

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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Automated Cash Application Credit and Collections Cash Applicator Deductions 98

Gaviti

JANUARY 6, 2025

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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Credit and Collections Days Sales Outstanding Invoice to Cash Invoice Amount 92

SAP Credit Management

SEPTEMBER 17, 2023

Devtoberfest 2023 is a four-week virtual event for developers featuring many interesting, interactive, and educational content sessions on various key SAP technologies. Enjoy the event! Here we go again! Today is the start of SAP’s Devtoberfest 2023 ! This could be fun!

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SAP Credit Management

SEPTEMBER 11, 2023

Recently, we had the privilege of hosting an exciting and collaborative event, “Hack2build: Develop SAP Ariba / Business network/ Fieldglass / Concur use case in Intelligent Spend Management Business Networks (ISBN) LoB with SAP Build” which brought together eight SAP partner teams from diverse backgrounds and industry solutions.

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Transactions 200

Know-It Global

NOVEMBER 10, 2022

Thinking about outsourced credit control? Credit control is the solid foundation that a finance team should be built around. Outsourced credit control. And it’s only at this point they recognise the magnitude of having a sound credit control process mapped out and followed.

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Credit Management Credit and Collections 98

Your Virtual Credit Manager

JANUARY 23, 2024

Approving a customer for credit terms is merely the first step in an open credit relationship. Economic circumstances may cause you to tighten your credit policies and customer credit limits. The remainder of the review will mirror an initial credit evaluation (here’s more information on Evaluating Credit ).

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Credit Application Bad Debt Bankruptcy Credit Scoring 130

SAP Credit Management

DECEMBER 20, 2022

Our team is dedicated to collect and generate value accelerators (including process models, metrics, industry best practices, thought leadership and much more) that embed the collective knowledge and experience from thousands of transformation projects that SAP delivered over the years. How do you become a part of it?

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SAP Credit Management

SEPTEMBER 17, 2023

Even before i reached i got a call from my ex colleague if i am attending the event as he was able to see my summit ID card not yet collected. He provided more values on the textile wastes and the challenges in the collection and segregation. There was even call made to many to check on the participations.

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Your Virtual Credit Manager

JULY 18, 2023

Photo by Campaign Creators on Unsplash Commerce between companies is facilitated by a trade credit relationship. When a supplier or vendor grants open credit terms to their business customers, both parties benefit. It’s important to keep in mind Pareto’s theorem when you are approving credit.

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Credit and Collections Credit Scoring Credit Management Credit Application 130

SAP Credit Management

SEPTEMBER 5, 2023

Introduction: I recently had the privilege of being a part of the dynamic SAP Inside Track event, an exceptional gathering organized by the SAP community. Held on August 19th, this event brought together passionate learners, industry experts, and enthusiastic speakers under one roof. I’m honored to have been a part of it.

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RMAi Blog

OCTOBER 4, 2024

On October 1 st , 2024, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra announced actions to reduce the burden of medical debt and address medical debt collection practices in a coordinated event with the White House. The video of the White House event can be found here.

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Medical Billing Collector Debt Collections Credit and Collections 130

SAP Credit Management

SEPTEMBER 8, 2023

Join the SAP Builders group, connect with other builders, discover the latest learning opportunities and special events! All of the above materials that are created and/or submitted for the Contest are collectively the “Entry” or “Entries”. For the complete participation rules, please read the official rules below.

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Your Virtual Credit Manager

JULY 23, 2024

Once each customer’s payment proclivities are known, assigning appropriate monitoring and collection strategies is easily done, thereby ensuring adequate collection coverage. However, over the course of a year there will be events and situations that will cause these patterns to change.

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Credit and Collections Accounts Receivable (AR) Shared Service Center Small Businesses 130

SAP Credit Management

SEPTEMBER 12, 2023

Devtoberfest is back, and this year this four-week free virtual event starts on September 18th. This year all Data && Analytics as well as all AI presentations are taking place on Thursdays during the event. Similarly to last year, we will have presentations and tutorials for you.

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SAP Credit Management

JANUARY 25, 2023

Documentation : API HUB help.sap.com SAP Cloud ALM Analytics API If you want to start and discover the SAP Cloud ALM Analytics API, you can check this postman collection. Documentation : help.sap.com API Hub The SAP Cloud ALM Event Situations API enables you to close event situations depending on the status of the external tickets.

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Your Virtual Credit Manager

JUNE 18, 2024

That’s why it is standard to ask on a credit applications the year in which the business was formed. Years in business is a critical factor in the assessment of credit risk along with number of employees, which can be a good proxy for sales volume, something private businesses are not always willing to disclose.

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Bad Debt Credit and Collections Credit Risk Credit Card Companies 100

Lendio

MAY 3, 2024

A personal credit score determines the level of risk that comes with lending to you. You use it to apply for credit cards and other financing options to cover major purchases. A business credit score works similarly, except instead of evaluating your risk as an individual, financial institutions evaluate your business’s viability.

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Credit Scoring Credit and Collections Bankruptcy Transactions 97

SAP Credit Management

AUGUST 7, 2023

Image1 (Image Credit : Blog) What is SAP Build Apps? Users can create event-driven workflows by connecting logical components with visual nodes. Logic describes the actions that are taken in response to user interactions or application events. However, events are not limited to a user’s button click.

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Credit and Collections 165

Know-It Global

JUNE 20, 2023

Credit control is a vital aspect of financial management for businesses. It involves managing credit sales and making informed credit decisions, ensuring timely payment from customers, and minimising bad debt. Setting Up Credit Control Processes 1.1 This is where business credit checking comes into play.

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Bad Debt Credit and Collections Debt Collections Credit Risk 19

SAP Credit Management

SEPTEMBER 6, 2023

I have been to various SAP events when working in SAP and other companies, but always as an attendee. I collected the registration badge and speaker t-shirt. AM, the event started with keynote from Sindhu Gangadharan. I want to convey my heartfelt thanks to SITBLR event organizers for conducting it so well.

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SAP Credit Management

JANUARY 25, 2023

Starter Content for Building Forms to Collect ESG Data Group Reporting Data Collections package of sample data entry forms for ESG (environmental, social, corporate governance) metrics based on requirements of GRI and WEF SCM standards allows for quick and easy data collection from entities.

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Revenue Recognition Credit and Collections Transactions 166

SAP Credit Management

SEPTEMBER 6, 2023

At its core, SIT is more than just an event; it’s a community-driven initiative, orchestrated by the people, for the people. We gather not merely as attendees but as collaborative partners in the pursuit of knowledge, innovation, and the advancement of our collective wisdom. Sap + Google for open data AI 7.

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Your Virtual Credit Manager

AUGUST 27, 2024

Imagine a world where extending trade credit was completely risk-free, and granting open terms of sale to business customers required no second thought. In such an ideal scenario, every customer would have both the ability and the integrity to pay their bills in full and on time, eliminating any need for a credit management.

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Accounts Receivable (AR) Default Credit and Collections Cybersecurity 100

RMAi Blog

AUGUST 14, 2024

This intimate event was packed with opportunities to meet new people, connect with friends, and learn more about the latest news in the industry. RMAI is concerned that the current exemption for credit cards is not broad enough. Last week, 175 executives gathered in beautiful Santa Ana Pueblo, NM for the 2024 Executive Summit.

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Electronic Funds Transfer Credit and Collections Bankruptcy Law Firms 130

Your Virtual Credit Manager

OCTOBER 18, 2022

Photo by Scott Graham on Unsplash We’re not saying you shouldn’t bother with credit evaluations — just that you shouldn’t waste time with a one size fits all process when most decisions are easily made. We discuss the key components of financial analysis in How Do You Determine if a Customer is Worthy of Credit?

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Sales Tax Exemptions Credit and Collections Online Credit Application Credit Application 130

Due

JANUARY 3, 2023

You might get asked similar questions by lenders when you apply for loans and credit cards. To find out, they might check your credit report. What are credit reports, why are they important and what is in them? What is a Credit Report and Why is it Important? Credit Reports vs. Credit Scores.

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Credit Scoring Bankruptcy Credit and Collections Credit Reporting Agencies 119

SAP Credit Management

AUGUST 11, 2023

On the 10th of August 2023, SAP Labs Gurugram was abuzz with excitement as SAP enthusiasts, professionals, and experts converged for the much-anticipated Stammtisch Plus Gurugram event. The collective wisdom in the room reflected the power of collaboration and shared aspirations to shape the future of SAP events.

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RMAi Blog

JANUARY 27, 2025

This is the premier event in the receivables management industry, and registration is open. Throughout his career, Dr. Nigrinis has managed investigations related to allegations of unfair or deceptive practices, fair lending, credit card fees, debt collections, and more.

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Law Firms Credit and Collections Debt Collections 130

SAP Credit Management

AUGUST 21, 2023

It’s an event which kicks off the SAP TechEd season. Devtoberfest takes some of the best aspects of the traditional hackathon type event, such as learning by building something, but opens the experience to the entire community and spreads across multiple weeks to better accommodate everyone’s busy schedules.

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SAP Credit Management

JANUARY 31, 2023

Hello Everyone, Here in this article, I’d like to walk you through the process of implementing a site-to-site transfer in SAP ME, specifically how data collection results are shared/transferred. And also the SFC numbers and product-related data can be transferred from one site to another.

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SAP Credit Management

AUGUST 29, 2023

in reference model collections): this can build the first bridge between experience and operations. If one or several journey models are present, experience datapoints (or sets thereof) can be first mapped to a model and then to a particular journey step or stage (collection of steps).

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Process Mining 170