January, 2023

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Late Payments: Reasons and Remedies

Your Virtual Credit Manager

Photo by Pierre Bamin on Unsplash There are any number of reasons a business may pay beyond your terms of sale. Some of the reasons for paying slow are more serious than others, but they all impact your cash flow and your collection efforts. There are several keys to effective past due collections and they start with your order-to-cash process. You first must meet the customers expectations in terms of the delivery of goods and services as well as provide them with a timely and accurate invoice.

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Using Scoring to Increase Effectiveness and Reduce Compliance Risk

RMAi Blog

By Michael Magarrell. Time is a valuable resource, especially in a production business. Resources spent dialing, answering, negotiating, and closing payments have measurable value. Resources spent dialing outdated numbers, speaking with wrong party contacts, and buying/using outdated data are measurable expenses. . When determining who to contact first in a dialing strategy, many agencies use a propensity to pay (PTP) or collect score to concentrate on the accounts with the most potential for p

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CAP (Node.js) – Performance Testing and Tuning

SAP Credit Management

Background. It all started with a little project I was working on to synchronize thousands of records from SuccessFactors into a HANA database. (Yes, I know there are more automatic ways than writing something yourself, but when you know SuccessFactors you know that no SF system API’s look the same.). The structure of my solution is as follows: I have microservice #1 that merely exposes an ODATA API on top of my generic data model.

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Sales Commissions Impact the Collection Process

Your Virtual Credit Manager

Photo by Alex Radelich on Unsplash When small businesses add customers and increase sales, their company’s Accounts Receivable (AR) will grow. Inevitably they will need to initiate Collection activities to recover some of this money owed; in other words, contacting delinquent customers and requesting them to pay your firm for goods and/or services provided on credit terms that have become past due.

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The Innovation of SAP in the Healthcare Industry

SAP Credit Management

The Innovation of SAP in the Healthcare Industry. Healthcare delivery is increasingly becoming more organized, patient-centered, and dependent on collaborative efforts. Healthcare organizations are emphasizing cost-cutting strategies and technology to expand their operations and gather and utilize financial and clinical data to improve performance and quality. .

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Finvi Demonstrates Support for RMAI with Gold Sponsorship of 2023 Annual Conference

RMAi Blog

January 20, 2023 (Sacramento, CA)  – Finvi demonstrates their support of RMAI and the receivables management industry through a Gold sponsorship of the 2023 RMAI Annual Conference. The conference will be held February 6-9, 2023, at the Aria Hotel in Las Vegas. The Annual Conference is an important networking opportunity for professionals in the receivables management industry, kicking off business development conversations at the beginning of the year.

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SAP Inside Track Bengaluru 02/2023: Register Now!

SAP Credit Management

Registrations for the SAP Inside Track Bengaluru 02/2023 are officially open now! Join us on February 25th, 2023 for a jam-packed day of learning, networking & fun. . When. Mark your calendars for February 25th, 2023 and be sure to arrive early for registration between 8:30 AM – 9:30 AM. The event will run from 9:30 AM – 5:00 PM, giving you a full day to immerse yourself in all things SAP. .

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SAP Fiori End to End Workshop for Partners – nächster Stop – Leimen

SAP Credit Management

In diesem Jahr starten wir wieder unsere Workshop Reihe der SAP Fiori End to End Workshops für SAP Partner. Die erste Veranstaltung findet in Leimen in der Nähe des SAP Mutterschiffs statt. 21 – 23 Februar 2023 Alle Vorträge werden in deutscher Sprache gehalten. Daher auch dieser Blog Post von mir ausnahmsweise auch in Deutsch. In diesem Workshop werden sowohl die Entwicklung von SAPUI5-Anwendungen mit SAP Business Application Studio als auch die Entwicklung von OData-Services mithilfe des

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Learning License User Types in SAP SuccessFactors Learning

SAP Credit Management

SAP SuccessFactors licenses for Learning classify the users into two License user types, “Active” or “Functional”. It is important to classify the users into right type for compliance with the licenses purchased by the customer. Difference between Functional user and Active user: The Learning management system does not differentiate between an Active and Functional User.

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Snap! learning and teaching resources

SAP Credit Management

This blogpost will show you teaching and learning resources available for the Snap! visual programming language. Snap! is free and open source and developed at SAP together with UC Berkeley. It invites learners to creatively implement ideas and experience computer science in a playful and experimental way. What makes Snap! special is its audacious claim not to compromise on expressiveness despite a low entry threshold.

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Retail Finance Transformation in an SAP S/4HANA Platform Strategy

SAP Credit Management

General Retail Industry Trends. The retail industry is driven by huge transformation trends in global and local supply chains and their disruption due to the pandemic, geopolitical instability, and other environmental factors such as inflation, climate disruptions, labor shortage and emerging trade barriers. This meta-trend is combined with an ever-increasing shift to e-commerce channels and digital logistics with major wholesale suppliers and customers who, in many cases, have substantial marke

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Automating SAP BTP setup with Terraform – Infrastructure as Code for Cloud Foundry and Kyma Environments

SAP Credit Management

In this blog, we’ll see how to automate SAP Business Technology (BTP) provisioning and configuration using Terraform. But before get to it, we need to understand what is Terraform and Infrastructure as Code (IaC). What are the benefits and the problems it solves? What is Infrastructure as Code (IaC)? Microsoft defines it as: Infrastructure as Code (IaC) is the management of infrastructure (networks, virtual machines, load balancers, and connection topology) in a descriptive model, using th

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Chatp GPT, help me refactor my class

SAP Credit Management

During a workshop, I asked the contestants to refactor the sources of the Ski Lift Price Kata by Dominik Panzer. We made three rounds with about 45 minutes per round and 15 skilled and experienced developers tried to identify, what the code does, write sensible unit tests and refactor the code to make it better to read and maintain. This morning I chatted with ChatGPT to see, how it can help me to solve this task.

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Vom CDS-View zur Fiori-Launchpad-Kachel (der ganze Weg)

SAP Credit Management

Einführung Als SAP BW Berater weiß man die Vorzüge eines ad-hoc-Reportings zu schätzen. SAP S/4HANA Embedded Analytics führt ein breites Spektrum an CDS-Views mit sich. Daneben lassen sich mit selbst erstellten CDS-Views vielfältige, unternehmerische Anforderungen abdecken. Wie aber lassen sich solche CDS-Views möglichst einfach in einem ad-hoc-Reporting nutzen?

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Dedication and Contribution Pave the Way to Success / SAP Champion Spotlight with Lakshmipathi Ganesan

SAP Credit Management

The SAP Champion Spotlight Interview Series highlights key strategic topics and provides insights from SAP Champions and SAP leaders on turning ideas into innovative approaches that impact people, processes, and technology. How many times do we hear that an individual has the talent, but does not apply it in the best way? Many people think that talent is the key to success.

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2023 Supply Chain Predictions: Resiliency, Sustainability And Visibility Set New Expectations

SAP Credit Management

“Making predictions are hard, especially when they are about the future.” That quote, or similar ones have been attributed to numerous people including Niels Bohr, Sam Goldwyn, Robert Storm Petersen, and Yogi Berra. So, to make some forward looking predictions this year, I decided to reach out to some of my friends in the industry to get their point of views.

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Esteja preparado para o RISE with SAP Private Cloud Edition

SAP Credit Management

Olá, Neste blog trarei algumas dicas e tópicos de como estar preparado para o RISE with SAP com ‘ S/4HANA Cloud, private edition ’. Estratégia Multinuvem. O RISE with SAP faz parte da estratégia multinuvem, onde várias soluções SAP de suas nuvens estão embaixo do mesmo contrato e são utilizados pelo cliente de maneira integrada, afim de realizar os respectivos processos de negócio.

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Monthly ABAP to EXCEL Blog – January 2023

SAP Credit Management

For over ten years now every month on the SAP Community Site someone publishes a blog about how to upload/download data from EXCEL to ABAP. So, I am going to start doing this as well – only I will always be talking about ABAP2XLSX as the preferred mechanism to do this. Blogs from Last ten Years. The 120 blogs posted over the last ten years usually never mention ABAP2XLSX at all.

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SAP Training: These are the updates for 2023

SAP Credit Management

Bitkom President Achim Berg, referring to the association’s latest study , emphasizes that the shortage of skilled workers “could become the main obstacle to digital transformation” and thus underscores the relevance of continuing professional development. Without continuous education and re-skilling, there will not be enough IT specialists to successfully tackle SAP projects.

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Abap2ui5 Project – Development of UI5 Selection Screens in pure ABAP (no app deployment or javascript needed)

SAP Credit Management

Introduction In ABAP Cloud there is no SAP GUI anymore and one thing i miss is a lot is the former selection screen. Just write a few lines of abap code and an application with gui and event handling is automatically generated. The IF_OO_ADT_CLASSRUN approach is no replacement, because you can not transfer any inputs and you also do not get a standalone UI5 app usable by an end user.

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What’s New in SAP Analytics Cloud Release 2023.02

SAP Credit Management

SAP Analytics Cloud brings together analytics and planning with unique integration to SAP applications and seamless access to heterogenous data sources. It helps everyone in your organization make decisions without doubt with trusted insights and integrated plans. This blog post introduces the features of the SAP Analytics Cloud 2023.02 release available for SAP Analytics Cloud FastTrack customers.

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A Social Media Mashup with Visual Cloud Functions

SAP Credit Management

Last month, Sergio Geurrero started our Build Bros series of SAP Build example apps with an app that uploads files and integrates with AWS. Now it’s my turn. Here’s an example of using the new SAP Build Apps backend feature (aka, Visual Cloud Functions) to create a social media mashup with your SAP business data. Using the Northwind OData service , I’ll let users rate products and then have a chat around a specific product.

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Free, open source PLC emulator for SAP EWM MFS

SAP Credit Management

Introduction. PLC Sim is a free, open source, platform independent tool to test SAP EWM MFS connectivity and facilitate SAP EWM MFS implementation projects. The software has been made available under copyleft GNU Affero General Public License v3.0. Main Features. The current release of PLC Sim supports: Optional automatic telegram acknowledgment with handshake response.

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SAP private linky swear with Azure – global scale with Azure Cosmos DB and SAP Private Link

SAP Credit Management

This post is part of a series sharing service implementation experience and possible applications of SAP Private Link Service on Azure. Find the table of contents and my curated news regarding series updates here. Find the associated GitHub repos here. Dear community, Continuing with the implementation journey of SAP Private Link Service (PLS) for Azure we will have a closer look at connecting privately to the fully managed Azure Cosmos DB (Cosmos DB) using the Microsoft backbone.

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Alternative to BDC for Transactions F-30 or FB05 in RAP/Fiori Apps for Posting with Clearing

SAP Credit Management

Hello Experts, Posting the documents with Clearing open items and doing the transfer postings is a very common requirements in most of the SAP implementation FICO based projects. Clearing can done in multiple ways. G/L posting with clearing. Customer – Customer Posting with clearing. Vendor- vendor Posting with Clearing. Till today for the custom based requirements we are using either BDC on the transactions F-30 or FB05 with Transfer posting with clearing options or using the below three

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ArcGIS on the HANA Platform – putting the pieces together

SAP Credit Management

In the first blog in this series, we looked at how the HANA platform’s capabilities reduce technical debt and complexity by eliminating the need for ETL when integrating your SAP S/4HANA and ArcGIS Enterprise systems. In talking to a number of utilities, they have described their frustration with a file based interface between the two most important systems of record in their business: the ERP master data, and the GIS geometries and attribute data.

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DRC Colombia: Magnetic media reporting deadlines 2023

SAP Credit Management

For users who rely on screen readers: In the background, a black woman with short hair, golden earring and a navy blouse looks in the direction of a purple circle. Inside the purple circle, the white text says “DRC Colombia: Magnetic media reporting deadlines” ¿Quiere leer este post en español? Hello everyone! Today, our blog post is about the magnetic media reporting deadlines regarding the fiscal year of 2022.

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Discover the SAP Cloud ALM Analytics API

SAP Credit Management

To learn about and experiment with the SAP Cloud ALM Analytics API , you can check out this Postman Collection. You just need to retrieve your apiKey from SAP API Business Hub to try the OData and REST interfaces with the Postman client. Another way to discover the interface with the mouse is to use the SAP ALM Plug-in for Grafana with a data source pointing to the SAP API Business Hub Sandbox.

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New SAP Tool Prepares Existing Customers for an HR Cloud Transformation

SAP Credit Management

Most organizations using on-premise HR software could benefit from a cloud-based streamlining of their operations. However, some industry professionals report uncertainty over the need to customize and update their existing landscape. This presents iterative challenges in maintaining legacy systems that require significant dollars and time that could be otherwise allocated toward tools and initiatives that can make a greater impact on their organization.

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KAUST Transforms Campus to Smart City with SAP Business Technology Platform

SAP Credit Management

What started as a simple idea is becoming a broad smart city implementation powered by SAP Business Technology Platform. In 2019, when KAUST, the King Abdullah University of Science and Technology, and SAP initially started to re-imagine the campus dining experience for university members, it was still a long-term vision to grow this idea into a holistic smart city concept.

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