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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Abrigo

OCTOBER 17, 2022

Abrigo announced the retirement of Chief Executive Officer Wayne Roberts and the company’s search for its next CEO. . Roberts, who joined the company in 2016, is stepping back to focus more time on personal interests and passions. In addition to dedicating himself to growing the company over the past 6 years, Wayne served as the primary caregiver to his wife, Shannon, during her battle with glioblastoma brain cancer.

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Credit Risk 148

Lockstep

MAY 19, 2022

Patent-pending Email and Accounting Software Integration Revolutionizes and Streamlines Payments and Month-end Closing Workflows. Seattle, WA – May 19, 2022 — Lockstep® , the leader in connected accounting, today announced the launch of Lockstep Inbox , the first-ever shared inbox for accounting teams. An industry first, Lockstep Inbox is a free solution that streamlines accounting workflows between companies such as onboarding, invoicing, disputes, payments, and reconciliation.

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Invoice Disputes Transactions 138

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

RevCycle

JULY 20, 2022

Make no mistake, the healthcare industry is rife for new entries across a wide span of verticals and corporate America has taken note. This is due to the cost burden crushing consumers and employers alike; and is a natural extension of the increased consumerism patients have been exhibiting for years. The image below does a great job highlighting just what makes the marketplace so appealing to the largest corporations: Image Source: CBINSIGHTS, “The Big Tech in H

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Bad Debt Debt Collections 130

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

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

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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SAP Credit Management

DECEMBER 26, 2022

This blog is co-authored by Makesh Gupta and Rena Yu Ning Wang, and it is about our journey participating in the SAP.iO journey, with the idea of building a SAP Live Shopping Platform. Context: It was a late Friday evening and I was bored and so I did what I always do when most of us feel bored – pick up the phone and started scrolling through my social media feed – Facebook, instagram and then my latest favorite – TikTok.

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Dashboards Small Businesses 243

Abrigo

MAY 10, 2022

Strategies for being a better SAR writer With the volume of SARs law enforcement have to sift through, what can a BSA officer do to stand out? Here are a few techniques that should help. Would you like other articles like this in your inbox? Takeaway 1 You work hard on SARs so make sure you are filling them out fully to get the attention of law enforcement.

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Transactions 148

Lockstep

MAY 19, 2022

Lockstep is pleased to announce our latest offering, Lockstep® Inbox. Revolutionizing accounting, Lockstep Inbox creates an shared inbox where accounting teams professionals can work better with customers and vendors. Today, more than 90% of accounting professionals are using manual personal, email inboxes and spreadsheets to manage their “digital” accounting workflows.

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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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Law Firms Cybersecurity Transactions 130

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

RevCycle

MAY 31, 2022

The COVID 19 pandemic has exacerbated the effects of what was already a demanding industry to work, making staffing even more difficult. For example, 60 – 75% of clinicians report symptoms of exhaustion, depression, sleep disorders, and PTSD; while nurses are equally stressed, said Dr. Victor Dzau (President of the National Academy of Medicine). These are jarring figures on a human level.

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Bad Debt Debt Collections 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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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

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

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

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

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

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

incfile

DECEMBER 6, 2022

Incfile is excited to announce the next round of entrepreneurial grant winners. We’re looking for the business leaders of tomorrow, and our Entrepreneur Grant Program gives entrepreneurs a chance to get their projects off the ground.

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Small Businesses 98

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.

Credit Scoring 130

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

Eagle Business Credit

DECEMBER 8, 2022

Funding Your Business. The boot-strap method of financing your business—tapping into your savings, retirement, or refinancing your mortgage for all the available capital possible—can be enough to get your business off the ground, but then what? Growing businesses require more funding, and when 82% of failed businesses cite cash flow problems as a cause, it is smarter to find a funding source sooner rather than later.

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Small Businesses Credit and Collections Credit Scoring 98

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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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

TMC Financing

DECEMBER 20, 2022

SBA 504 Program Provides Hoteliers with Affordable Financing Starting or expanding a hotel business is a huge undertaking – and securing financing is a large part of it. Luckily for. The post TMC Financing is the No. 1 SBA 504 Hotel Lender in the Nation appeared first on TMC Financing.

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