Sat.Jul 29, 2023 - Fri.Aug 04, 2023

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Your Customer Filed for Bankruptcy: Now What?

Your Virtual Credit Manager

Even though the economic headwinds are moderating, now is not the time to become less vigilant from a customer credit perspective. Commercial bankruptcies began rising earlier this year after an unprecedented lull during the Covid crisis. Historically, bankruptcies have tended to peak after an economic crisis has passed and that appears to be what is happening now.

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Now available: ABAP Platform Trial

SAP Credit Management

Dear SAP customers and partners, dear ABAP developer community, ABAP Platform Trial 1909 is available now. ABAP Platform Trial replaces the former Developer Edition 1909. With ABAP Platform Trial 1909 we want to return to you what the ABAP developer community and many SAP customers and partners were missing for a long time: a standalone ABAP trial offering free of charge which you can use for your own educational purposes, for your own configuration and test setups and as a home for your open s

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Two More Banks Failed — Will More Follow?

Due

All right, Life Goal Nation! The United States banking sector has been facing considerable challenges recently, with several bank failures and forced mergers causing concerns among experts and analysts. Back in March, the banking industry witnessed two of the largest bank failures in US history, involving Silicon Valley Bank and First Republic Bank.

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What Can You Do When a Bank Turns You Down for Equipment Financing?

Team Financial Group

Facing rejection from a bank for equipment financing can be disheartening and frustrating, especially when you have a solid business plan and a clear vision for your company’s growth. As a business owner, you understand the importance of acquiring the necessary equipment to enhance productivity, expand operations, and stay competitive in the market.

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6 reasons to meet Chaser at Xerocon Sydney 2023

Chaser

Xerocon Sydney is only 3 weeks away! If you’re attending, make sure you don't miss out on visiting Chaser's stand. The Chaser team is excited to be exhibiting at this year's event, which is set to take place on Wednesday, August 23rd, and Thursday, August 24th at the ICC Sydney Xerocon Sydney is an annual conference organised by Xero and stands as one of the major events in the accounting and finance industry in Australia and New Zealand.

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SAP Developer Challenge – APIs

SAP Credit Management

We have a new SAP Developer Challenge for you for the month of August. This time it is all about APIs – introducing you to the basics, revisiting some classic aspects, and having a bit of fun along the way. By the way, the July SAP Developer Challenge is still live for the next few days, and you still have time to complete the tasks. Head over to Nicolai Schoenteich ‘s blog post SAP Developer Challenge – SAP Cloud Application Programming Model for all the detail.

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Streamlining Financial Processes: How Client Accounting Services Drive Efficiency

Accounting Department

Efficient financial processes are essential for the success and growth of any business. However, managing tasks like invoicing, payroll management, and financial reporting can be time-consuming and complex, diverting valuable resources from core operations.

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Reach customers when they're most likely to pay: recommended times

Chaser

Did you know that 50% of businesses spend more than four hours per week on accounts receivables tasks? This time goes to tasks like working out which customers to chase, when, how often, and manually following up on overdue payments. In total businesses waste a predicted 56.4 million hours per year on these types of tasks, according to QuickBooks.

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Guide to : Handle Deleted Custom Fields from CFL App

SAP Credit Management

Problem Statement: You created Custom fields in CFL APP and transported the same to next landscape. Then, you deleted the fields and created new. Ideally the deletion should get captured in the transport automatically but you see it is not captured. Once you move the transport to quality, you see new fields but the old fields still sitting in quality system although you deleted them from Development system.

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Exploring Bitcoin As a Retirement Investment Avenue

Due

Selecting Bitcoin as a retirement strategy requires careful consideration. While Bitcoin exhibits promising potential for long-term growth and can serve as an inflation hedge, its volatility poses considerable risks. Investors must be prepared to navigate substantial price fluctuations and embrace the associated uncertainties. Regulatory and security concerns within the cryptocurrency space necessitate comprehensive evaluation.

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Is it Time for an Outsourced Bookkeeper?

Accounting Department

Some business decisions are obvious. Others can seem like 50/50 propositions that make doing nothing a good third option. Deciding what to do about your bookkeeping, fortunately, is not a dilemma when you know what to factor into your considerations. So, how can you determine whether you would be better off with outsourced bookkeeping services or continuing it onsite at this stage of your growth?

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CRE risk: Lessons from recent earnings reports

Abrigo

CRE credit risk is in the spotlight A structured approach to assessing commercial real estate risk helps banks and credit unions address inquiries about the health of CRE loans. You might also like this on-demand webinar, "Stress testing & CECL efficiencies." LISTEN Takeaway 1 The health of CRE loans and related credit risk is a focus of investors, board members, other stakeholders, and upcoming regulatory exams.

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What’s New for SAP Integration Suite – July 2023

SAP Credit Management

We are pleased to bring you the latest innovations for SAP Integration Suite that we have also presented during our Monthly Updates webinar last week. July highlights are: Graph to expose business data in a single, unified API Inspect database resources in Cloud Integration Import function libraries, message types and data types to support our SAP PI/PO customers Type system extensions in Trading Partner Management Mass actions in Trading Partner Management Standard APIs for Integration Assessme

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Hack the FAFSA: How Fintech Can Streamline Your Financial Aid Application?

Due

Standing at the crossroads of high school and college, the key to shaping your academic journey lies in strategizing your college funding. While you desperately apply for Free Application for Federal Student Aid (FAFSA), the elusive nature of these funds makes you think of alternate funding sources. There’s no denying that FAFSA has lots of holes. As an informed student, you need to make the most of it.

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Small Business Cybersecurity Concerns

Eagle Business Credit

Cybersecurity is a huge concern for businesses of all sizes. It will only become a larger issue with many businesses turning to remote work in some capacity. This inevitably opens your small business up to more risk if you do not have IT security systems in place already. Here are some tips on addressing small business cybersecurity. Anti-Virus Cybersecurity for Small Business First of all, if you’re relying on a free anti-virus software it’s probably time you upgraded.

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20 Ways To Effectively Communicate Financial Reports To Stakeholders

ForwardAI

Originally published on Forbes. Clear communication and insightful financial reports are pivotal for businesses and organizations to thrive. Now more than ever, stakeholders demand transparency and seek a clear understanding of a company’s financial performance, risks, and the opportunities that lie ahead. By adeptly implementing and executing strategic communication tactics, organizations can establish a meaningful snapshot of overall financial health, strengthening trust and equipping

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Important Item Categories to Know for SAP S/4HANA Sales in SAP S/4HANA On’Prem

SAP Credit Management

Together with sales document types, item categories set the framework for the different business transactions in an SAP S/4HANA system. The item category allows you to process the same material differently depending on the document type. For instance, if a material is used in a quotation, the item category determined by the system is not relevant for delivery or billing.

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California Freelancing: How AB5 can change the freelancing game?

Due

The gig economy is booming, and there’s no denying that traditional workers are inching toward this independent lifestyle. Being a freelancer or independent worker, you love celebrating your free-flowing income and self-regulated work schedule. Thanks to the internet, the gig economy holds plenty of promise for freelancers and contractors. Well, changes in federal or state laws have their respective implications on the country’s workforce, and freelancers aren’t shielded from this impact.

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Annual accounts – a milestone or a millstone?

blue dot counseling

Drafting your annual accounts while last year's performance is still in everyone's mind is easier than leaving it for several months and coming back to the task when the business has moved on. The post Annual accounts – a milestone or a millstone? appeared first on Blue Dot Consulting.

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Party City Obtains Conditional Approval of DS Supplement; Minority Noteholder Mudrick Capital Previews Plan Confirmation Objections

Reorg Blog

The post Party City Obtains Conditional Approval of DS Supplement; Minority Noteholder Mudrick Capital Previews Plan Confirmation Objections appeared first on Reorg.

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Aggregations and Included Quantities

SAP Credit Management

Welcome back to our double feature about aggregating usage-based charges. In the previous blog post, we looked at configuring aggregations to enable multiple rating periods within a billing cycle to be considered during price calculation for usage-based charges. If you haven’t read it yet, get up to speed here. Today, we’ll learn how you can use business rules when defining aggregations.

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A Big Inflation Indicator Just Came Out! The 2023 July Job Report

Due

All right, Life Goal Nation! The monthly jobs report is a crucial economic indicator closely monitored by governments, businesses, and investors. The latest report for July has drawn attention due to its potential impact on inflation. While the numbers present a favorable balance in managing inflationary pressure, they also reveal concerns about wage growth.

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LSQ’s Approach to Managing Customer Credit

lsq

Based on 25-plus years experience, LSQ FastTrack® Credit Management helps businesses mitigate risk and make responsible customer credit decisions. Managing customer credit is critically important to success. Growing your business relies on quality customers and not putting yourself at risk of trying to build a business with customers that are not financially healthy.

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How to Apply for an EIN for a Trust: All the Tips You Need

incfile

If you're fortunate enough to amass wealth and assets that you'd like to pass on to your beneficiaries, you've likely considered setting up a trust for your inheritors. A trust is an entity that holds your assets and eventually transfers them to your beneficiaries, allowing your assets to bypass the probate process. This can make the transfer of wealth quicker and simpler in most cases.

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#5. SAP BTP at SAP Inside Track Chennai

SAP Credit Management

Intro: This is a blog post series about all the SAP Community events I attend, specifically focusing on SAP BTP content, speakers, and sharing my experiences. By doing this, I want to let the community members in this region know the significance of attending these events and what they get out of it, especially an opportunity to learn about SAP BTP and a platform to share their BTP knowledge.

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The Solution to the US Debt Spiral – Rich People Might Not Like This

Due

All right, Life Goal Nation! The United States is drowning in an astronomical debt , currently at a staggering $32.5 trillion. This issue has been in the making for the past 22 years, with governments from both parties contributing to this crisis. In light of the recent debt downgrade, one cannot help but wonder why this continuous debt accumulation has not been effectively tackled by any administration thus far.

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B2B Loyalty Management and OEMs  

TreviPay

“Rewarding your clients will result in more revenue and more positive association with their buying experience.” -Boost Your Sales with a B2B Loyalty Program by Teresa Cain TreviPay uses a variety of methods when partnering with companies across the commercial equipment space to implement business programs that are designed to grow sales volume. The potential for growth is maximized by incentivizing customers to return to our merchants again and again.

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Fundamentals by Reorg Tracks Volumes in Airline Sector

Reorg Blog

According to data from Fundamentals by Reorg, passenger miles for major carriers have shown a 12.9% year-over-year increase.

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Solution Order Management in SAP S/4HANA Cloud, Public Edition 2308

SAP Credit Management

This blog shares highlights on Solution Order Management in SAP S/4HANA Cloud, public edition 2308. Watch the following video to get a glimpse of the new features: Credit Checks for Solution Orders Credit checks can be performed against the payer of solution orders. When you release a solution order, you will be notified about the credit check results.

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U.S. Debt Has Downgraded?! What It Means For You!

Due

The US debt was downgraded yesterday, signaling potential problems on the horizon for the American economy. This article explores the implications of this event, how it directly affects individuals, and what it means for the broader financial landscape. To grasp the significance of the recent debt downgrade, we will delve into the US government’s spending and borrowing practices, shedding light on the nation’s future economic health.

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