2023

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Debt Ceiling Drama: We’re in for a Nail-Biter

Loomis Sayles Credit Research

The issue of the debt limit, also called the debt ceiling, has moved to center stage. On 1 May, Treasury Secretary Janet Yellen warned that the X-date, the date when the Treasury would not be able to meet all of its debt obligations if the debt ceiling is not raised, could arrive in the first half of June, perhaps as early as 1 June. It is terrible timing, coming on the heels of 14 months of aggressive Fed tightening, a shaky banking industry, a slowing US economy and a world still contending wi

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How to Create Generational Wealth With AI

Due

Artificial Intelligence (AI) is changing the world, and it’s no secret that those who master and harness this technology can create immense wealth for themselves and their clients. The rapid evolution of AI has brought about a new era where countless business opportunities can be pursued. This article will discuss why AI is the key to becoming wealthy in five years and how you can take advantage of this technological revolution.

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How Automation is Changing the Game for Today’s Accountants

Plooto

In 2024, accountants will no longer be deemed company number crunchers as they gain access to technology that allows them to play an increasingly strategic role in business decisions. It’s a role transformation that’s already begun, sparked by the accelerated adoption of digital accounting, fueled by cloud computing, automation, and AI.

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Take Control of Your Cash Flow: How Factoring Works

Sky Business Credit

Running a successful business comes down to a few key factors; the most important one is cash flow. Factoring is a type of alternative financing that allows you to take control of your cash flow by selling your accounts receivable to a third party (also known as a factor) to obtain immediate working capital. Now, instead of waiting for your customers to pay based on 30-, 60-, or even 90-day terms, you get cash immediately, and the factor collects the payment later.

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How Can Municipalities Deal with the Lack of Affordable Housing?

Loomis Sayles Credit Research

Affordability has been stretched thin across the United States as inflation, rising rates and limited housing stock have driven residential property values out of the price ranges of many buyers. According to data from the Zillow Home Value Index, home values in popular migrant destinations like Arizona, Nevada and Texas have increased 40-55% since 2020.

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Stock Market Surge Concerns Federal Reserve

Due

The stock market has experienced a remarkable surge, with the S&P 500 increasing by 10% since the last Federal Reserve meeting just a month ago. This rapid growth has caused concern for the Federal Reserve, as they worry about the potential impact on inflation. Despite speculation of potential interest rate cuts by the end of 2024, examining how the Federal Reserve might respond to this recent market euphoria is crucial.

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Revenue cycle 101: prior authorization + referrals

Waystar

[Note: This post was originally published in January 2021 but was updated in October 2023] Prior authorization. Pre-authorization. Precertification. Prior approval. Prior review. All of these names, though slightly different, refer to the same thing: prior authorization. What is prior authorization? Prior authorization is the process by which healthcare providers must request confirmation that an insurance provider will cover a prescribed medication, service, or treatment for a patient.

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Do Joint Credit Cards Affect Both Spouse’s Credit?

Credit Absolute

Getting married can help boost your financial standing, but it doesn’t mean that you and your spouse will share a credit report. Your credit reports will remain separate, and any joint accounts and shared loans you open together will appear on both of your reports. While this can be beneficial, it’s important to keep in […] The post Do Joint Credit Cards Affect Both Spouse’s Credit?

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Holiday Collection Policy Tips from the RevCycle Heroes

RevCycle

The holiday season is a time for giving and receiving. It’s also a time when many businesses experience an increase in delinquent payments. This can put a strain on your staff and increase your operating expenses. Reducing delinquent payments during the holiday season is crucial for businesses, as it can significantly impact cash flow and profitability.

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SAP Developer Challenge – Full-Stack (SAP CAP + SAP Fiori elements)

SAP Credit Management

Welcome to the SAP Developer Community Challenge for the month of September. We will cover full-stack development with SAP Cloud Application Programming Model and SAP Fiori elements: a set of four weekly challenges encompassing front-end/client-facing and server-side/back-end development. This month’s challenge is to build a full-stack application based on the domain of tests/exams like in a school set-up.

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Eight Signs a Customer Is Becoming a Problem Debtor

Your Virtual Credit Manager

Business customers pay for the goods and services they purchase from other companies. After all, a sale isn’t truly complete until it has been paid. Good customer purchases generate a profit for the seller, and I’m not just talking about gross margin. Gross margin is what’s left over after subtracting the cost of goods sold from the revenue generated by the sale.

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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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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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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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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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A New Home in the New Year for the SAP Community

SAP Credit Management

In 2016, the SAP Community moved from its old SCN home to its current platform. And in 2024, we’ll have moved once again — but to a new home that, actually, isn’t entirely new at all. In late 2021, we launched our groups platform on Khoros. Starting with a few areas, this platform has since exploded to cover a wide variety of topics, providing discussion forums where participants can connect with peers in their locations , chat with like-minded members about common interests

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SAP???? ???????? SAP Build??????????????????????????

SAP Credit Management

はじめに 本ブログは2023年度の「SAPジャパン パートナー様向け SAP Buildハッカソン」インタビュー記事第1弾です。 「SAPジャパンパートナー様向け SAP Buildハッカソン」は、SAPパートナーを対象としたハッカソンイベントです。変化が激しい時代の中で求められる企業の業務効率化・開発の迅速化・回復力を実現するために、SAPが提供しているSAP Build (※)を用いたソリューションの開発を行い、発想の新規性や実現性などを競い合います。今年は、「SAPユーザーの業務を自動化・効率化するソリューション」という出題に対して、29社37チームと数多くの応募があり、その中で、1次選考を通過したファイナリスト6組が、2023年6月23日(金)の発表イベントにて最終選考を行いました。

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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 BTP Partner Co-Innovation Day January 24 – 25, 2023

SAP Credit Management

What an event, we had around 150 participants from the partner eco-system from global service providers to VARs and software developers in North America at the beautiful SAP Engineering academy in San Ramon, California. We had the goal to: Discuss your opportunities related to innovating on SAP BTP Provide SAP BTP related solutions and product updates Help you accelerate your SAP BTP journey Explore SAP BTP enablement and coaching offerings (including SAP Integration and Certification Center ser

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The SAP Fiori Elements feature showcase with RAP: What’s new in Release 2308?

SAP Credit Management

A good day to you and welcome to another round of ‘What’s New in the Feature Showcase App’! *audience applause* My name is Jessie and I am your host today from the ABAP Platform. If you are new onto the scene, read this blog post to find out what exactly this feature showcase app is. And without further ado, let’s dive right into the plethora of features that are available in conjunction with the newest release of SAP BTP, ABAP Environment (aka Steampunk) Release 2308.

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Cloud ERP Close-Up: Transforming Finance-Led ERP and Service-Centric Industries with Cloud ERP Solutions

SAP Credit Management

Welcome to a new edition of the Cloud ERP Close-Up after a short summer break! As business complexity and pace of change rises, companies must drive rapid transformation of finance operations, monitor the business, and reduce organizational risk. Particularly fast-growing organizations have the need to follow a “post-modern ERP strategy” – which means that they differentiate between their operational and their administrative ERP capabilities.

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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 for SAP S/4HANA – Synchronizing Default Values with Set/Get Parameters

SAP Credit Management

I am often asked about Default Values in SAP Fiori by customers in the SAP S/4HANA Customer Care/Early Adopter Care programs and others I come across in my travels. In this blog post I’m tackling the occasionally contentious synchronization with classic Set/Get Parameters. Once you understand how it works and your options you will be able to let go of some of that stress.

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Characterization of Ship Trajectories in the Maritime Domain using Automatic Identification System (AIS) Data – An Application of SAP HANA Spatial Enabled by Coordinate Transformations.

SAP Credit Management

Motivation Navies around the world aim at developing methodologies to better understand vessel behavior in the maritime domain in order to be effective in their operations. The first step for this understanding is the ability to track the vessel in real time. Vessels are tracked via satellite navigation system operating as part of a radionavigation-satellite service, e,g, GPS, Glonass, automatic identification systems (AIS), radar systems, and other sensor tools.

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Unleashing Synergy: Master the Future of Cloud Development with SAP BTP and AWS

SAP Credit Management

Introduction: In today’s dynamic landscape, businesses are under immense pressure to embrace change at an unprecedented pace. Those organizations capable of swiftly adapting their business processes are not just surviving but thriving. SAP, in collaboration with AWS, is at the forefront of enabling businesses to achieve this agility. For over a decade, the partnership between AWS and SAP has been synonymous with delivering cutting-edge capabilities for SAP solutions in the cloud.

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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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Devtoberfest – the best developer prep for SAP TechEd

SAP Credit Management

Devtoberfest 2023 kicked off today, with a wealth of live sessions. Read on to find out why I think Devtoberfest is a great way for developers to get themselves ready for SAP TechEd. The Developer Advocates at SAP have been busy over the past few weeks putting together the content for our now much anticipated annual event – Devtoberfest. If you don’t know what Devtoberfest is, let me explain: it’s a month long open celebration of what makes us developers: coding and collabor

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The most important SAP skills for 2023 – and how to gain them

SAP Credit Management

The year 2023 has been declared the Year of Skills by the European Commission. Currently more than three quarters of companies in the EU report difficulties in finding workers with the necessary skills, and latest figures from Eurostat suggest that only 37% of adults undertake training on a regular basis. The Digital Economy and Society Index shows that 4 out of 10 adults and every third person who works in Europe lack basic digital skills.

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Become an SAP Builder and Win an Exclusive Hoodie!

SAP Credit Management

Calling all aspiring builders! Are you ready to take your SAP skills to the next level? In the new learning journey “ Extending SAP S/4HANA with SAP Build Apps and Key User Extensibility ” you’ll discover how you can extend your SAP S/4HANA Cloud system while maintaining a clean core with minimal coding. New set of skills, new look: start learning now and get a chance to win a limited-edition SAP Builder hoodie Learning Journey Highlights : In only 4 hours of training, you’ll learn: The be

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