SAP Credit Management

DECEMBER 21, 2022

Clean code is a term used to describe software that is easy to read, understand, maintain and test. In this blog I want to summarize some important principles, provide an entry into the topic for beginners. Besides, the blog shall connect to the style guide repository, the books and current initiatives where experts can contribute. If you do not want to miss an update on clean code, test automation, code reviews, unit testing, decision making, testability and other engineering / craftsmanship /

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RMAi Blog

DECEMBER 30, 2022

Most would agree, 2022 has been a shocker. We have endured a year of price hikes, flat wages, and gas prices that hit all-time highs. In fact, the overall impact of inflation between November of 2021 and November of 2022 was 7.1%, and the impact of that kind of inflation on goods and services alone was even more dramatic. Consumers are now paying 8.5% more for goods and services than they were in March of 2021, according to the Bureau of Labor Statistics , U.S.

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Your Virtual Credit Manager

DECEMBER 27, 2022

Photo by engin akyurt on Unsplash Creditworthiness refers to a business's ability to repay its debts. A customer that has a history of paying their debts on time and in full has clearly been creditworthy, but will they continue to pay within terms on their next order, or six months from now, or a year from now? The further you project into the future, the less certain you can be about your customer’s creditworthiness.

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Credit Scoring Credit and Collections Accounts Receivable (AR) Credit Application 130

Due

DECEMBER 19, 2022

Everyone wants to retire and spend the rest of their lives in comfort and happiness. However, the harsh reality is that a comfortable retirement might take a lot of time to reach for many people unless they properly and intentionally prepare for it. More often than not, the financial decisions you make today can have a long-term effect, especially on your retirement budget.

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Medical Billing Deductions Bad Debt 128

TMC Financing

DECEMBER 15, 2022

SBA 504 Program Helps The Hotel Castro Beat the Odds to Open in The Castro Hotel financing can be challenging, but when new construction and a pandemic are involved, it. The post TMC Financing Secures Financing to Boutique San Francisco Hotel after other Banks Said No appeared first on TMC Financing.

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Lendio

DECEMBER 2, 2022

Ready or not, the holiday season has arrived. A number of experts are predicting more consumer spending for holiday 2022 and Deloitte’s State of the US consumer: September 2022 found that consumers are both spending more money and expressing less concern over day-to-day expenses. Both of these are great news for seasonal businesses that depend on holiday sales.

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Credit and Collections Small Businesses 105

RMAi Blog

DECEMBER 29, 2022

December 29, 2022 (Sacramento, CA)  – FLOCK Specialty Finance has again demonstrated their ongoing commitment to superior education for the receivables management industry through a sponsorship of the Receivables Management Association International (RMAI) 2023 Annual Conference. FLOCK is participating as a Gold Sponsor, the highest sponsorship level available.

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Your Virtual Credit Manager

DECEMBER 20, 2022

Photo by Edward Howell on Unsplash How would you characterize your most valuable customers? Are they accounts with a strong and growing volume of profitable sales that don’t try to take advantage of their purchasing power by extending payments beyond terms, aren’t constantly demanding that you process rush orders for them, or don’t nickle and dime you to death with outsized levels of returns, disputes, and payment deductions.

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Deductions Credit and Collections Bad Debt Credit Risk 130

Due

DECEMBER 29, 2022

A 2022 study found that by September of that year, 63% of Americans lived paycheck to paycheck. Many of these people don’t think about how their spending habits will impact their future financial state. It’s easy to get so caught up in your daily wants and needs that you lose sight of your future financial goals. Although people don’t think of accumulating savings as exciting in the short term, it’s extremely important later on down the road. .

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Credit Absolute

DECEMBER 26, 2022

Now that the festive season is behind you, what remains with you are the beautiful memories and of course, the huge holiday debt that you accumulated. As the new year kicks off, two factors can greatly impact your credit; how you pay (or not pay) your debt and how much of your available credit you […]. The post Tips for Paying off Holiday Debt Before it Hurts Your Credit appeared first on Credit Absolute.

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The Esker Blog

DECEMBER 29, 2022

Close-up of business document in touchpad lying on the desk, office workers interacting in the background. In Part 1 of the Rethinking Receivables blog series, we highlighted four strategies that all finance leaders should prioritize in 2023 in order to maintain a healthy cashflow and resilient business model. Now, in Part 2, we explore the influence and impact of AI-driven automation within accounts receivable (AR), how to spot a best-in-class solution, and how they benefit stakeholders throug

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AR Automation Accounts Receivable (AR) Cash Forecasting Credit and Collections 98

SAP Credit Management

DECEMBER 29, 2022

Introduction – SAP and Microsoft Webcast. Together with my colleagues Robert Boban and Goran Condric I run a weekly podcast (we should start calling it webcast…) about “ SAP and Microsoft ” and we just wrapped up the year 2022 in our episode 124. #124 – The one wrapping up 2022 (Jürgen Thomas) | SAP on Azure Video Podcast – YouTube.

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Order to Cash 234

RMAi Blog

DECEMBER 27, 2022

Inflation makes basic housing, energy, food, and transportation costs more expensive and causes economic stress for most people. Economic stress can make money management more difficult and unpredictable. If you are finding it challenging to pay your monthly bills or pay off your credit card balance in full each month, it is time to create a strategy to cut costs wherever you can.

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Credit Scoring 130

Your Virtual Credit Manager

DECEMBER 13, 2022

Photo by Icons8 Team on Unsplash Commercial collections is not unlike convincing somebody to buy something, but people with that talent tend to go into Sales. For most people, however, collecting B2B debts is an acquired skill. It is not a task that requires special talents. 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.

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Collector Credit and Collections Past Due Invoices Credit Management 130

Due

DECEMBER 18, 2022

Most people fall into one of two categories. They are either savers or spenders. Savings are often prioritized for the future to secure retirement and financial security. Spenders prioritize their everyday desires and requirements while maintaining a sound financial situation with the idea of covering their retirement obligations in the future with better income or innovative solutions.

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Gaviti

DECEMBER 18, 2022

Are you looking for new ways to improve working capital management? Most business owners have this on their annual to-do lists. It is crucial for small businesses that typically do not have the extensive funding of their bigger competitors. Small businesses have increasingly turned to automation to resolve operational issues, and maintaining cash in hand is no exception.

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Bad Debt Debt Collections Dashboards Small Businesses 98

Chaser

DECEMBER 23, 2022

Siloing your sales and credit teams can have detrimental effects on your business, such as missing out on profitable customers, increased risks in collections, and decreased operational efficiency.

Credit and Collections 98

Credit and Collections 98

SAP Credit Management

DECEMBER 22, 2022

SAP Build came out last month, and most of the focus is on the individual products, but I wanted to take a look at the SAP Build lobby, the one part that really unites all the products – and give you a few tips so you can use it efficiently and effectively. In an SAP BTP tenant, if you are subscribed to all three products, all the links to open any of the applications will take you to the same lobby.

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Default 227

RMAi Blog

DECEMBER 27, 2022

Even without working 5 days a week, Communications Manager Cheryl Nelson is an essential part of RMAI. In her role she is responsible for all of the graphic design needs of the company including branding for events, digital and print publications, and advertising. She was also responsible for the website and social media before someone new took on the role.

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Your Virtual Credit Manager

DECEMBER 6, 2022

Photo by VD Photography on Unsplash Every Small to Medium Enterprise (SME), especially if you are a startup SME, has two overriding priorities: Selling your product/service to generate revenue Delivering the goods consistently at a high quality and on a timely basis. It is imperative you develop the people and infrastructure to do these things efficiently and well.

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DSO Credit and Collections Bad Debt AR Aging 130

Due

DECEMBER 28, 2022

A tumbling stock market and higher interest rates are forcing consumers to buy annuities. According to LIMRA , a trade group for the insurance industry, annuity sales in the third quarter of 2022 approached $80 billion, just beating the $79.4 billion record set in Q2. It’s an impressive 27% increase over last year. As in 2008, purchasing decisions seem largely driven by concern about stock market volatility and recession possibilities.

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Insurance Companies Transactions 124

Gaviti

DECEMBER 20, 2022

Information silos are one of the biggest thieves of efficiency at companies worldwide. Companies spread their data across multiple platforms that update at different rates. Ultimately, this data falls out of sync, and some departments never get access to invaluable information that could help them make better decisions. This is why so many companies now look to accounts receivable integration and other similar options to break down information barriers.

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Days Sales Outstanding Credit and Collections Transactions 98

Know-It Global

DECEMBER 15, 2022

Did you know you’re legally entitled to claim late payment interest and compensation for any of your overdue invoices? Late payments are one of the most frustrating parts of doing business and the effects are devastating, with 440,000 businesses possibly being forced to close as a direct result of being paid late. This shows the importance of good credit control when it comes to cashflow!

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Credit and Collections 98

SAP Credit Management

DECEMBER 22, 2022

I’m sure you often have the situation that you are implementing a method in ABAP with ADT and you need information about the signature and the types that are used in the signature. The standard answer for this is the Element info (Shortcut F2) on the method name. Unfortunately, the element info is displayed in a small popup that immediately disappears when I go on with the implementation of the method.

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RMAi Blog

DECEMBER 16, 2022

One of the hottest financing tools available to consumers today is the Buy Now, Pay Later (BNPL) payment option. Simply put, this payment option allows the consumer to take possession of an item they wish to purchase immediately but pay for it over time. The concept is not a new one. A similar payment option, that has been available to consumers for years, is the layaway purchase option.

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incfile

DECEMBER 27, 2022

California has a long history of innovation and entrepreneurship, so it's no surprise that millions of small businesses call it home — 4.2 million of them, according to the U.S. Small Business Administration. Together, they account for a staggering 99.8% of California businesses.

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Small Businesses 98

Due

DECEMBER 7, 2022

When you played video games as a kid, you would likely often look for cheat codes to help you gain a competitive advantage. Specific cheat codes would help you get to the next level of the game when you feel stuck. Suddenly, this cheat code would unlock a new achievement and allow you to save yourself a significant amount of time. Did you know that there are cheat codes to life that could put you ahead of others?

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Lendio

DECEMBER 12, 2022

The availability of dependable cash flow can have a big impact on the success of a small business. Yet a 2021 report from the Federal Reserve shows that, when businesses applied for financing, nearly 60% of applicants were either outright denied or able to borrow only a portion of the money they needed. . It’s tempting to look at the bank as the bad guy in this scenario.

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Small Businesses Credit Scoring Credit and Collections Credit Reporting Agencies 98

Know-It Global

DECEMBER 15, 2022

Updated December 2022: The Bank of England increased interest rates to their highest point in 13 years, up to 3.5%. The Bank of England have now raised interest rates for the ninth time this year in an effort to combat inflation. Interest rates have now climbed from 3% to 3.5%, the most rapidly these rates have climbed in a decade. So why are interest rates rising?

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Credit and Collections Default Transactions 98

SAP Credit Management

DECEMBER 22, 2022

Our new major release for SAP Business Client and SAP GUI for Windows is planned for Q1 2023. The beta started in July and is now closed. We received only positive feedback so far. Thanks for that and for the tireless testing! A glimpse of what’s coming with 8.00. Inplace-Navigation inside Fiori launchpad: You decide if your SAP GUI for Windows transaction is opened in a new tab or inplace.

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Transactions 216