RMAi Blog

FEBRUARY 20, 2025

The recent gathering focused on findings from the Financial Conduct Authoritys (FCA) Credit Information Market Study. As part of the Credit Information Market Study, the FCA provided a number of recommendations to address problems faced by borrowers experiencing financial difficulty. For more information, please visit www.pragroup.com.

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Credit Scoring Credit and Collections 130

Your Virtual Credit Manager

DECEMBER 31, 2024

For more information on this subject, please click on this link. Fraud can occur at various points in the customer lifecycle, particularly during customer onboarding, changes in customer information, and when payments are made. Need help improving cash flow? Ensuring legal due diligence and credit reviews are crucial to prevent loss.

Collector 130

Collector Credit and Collections Bad Debt High-Risk Accounts 130

Gaviti

JANUARY 7, 2025

Key Components of an Effective Past Due Invoice Email All past due invoice emails should include specific details, such as: Relevant information. Should you need a copy of the invoice or have any questions, feel free to reach out to us directly at [Your Contact Information]. Thank you for your prompt attention to this matter.

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Past Due Invoices Invoice Amount Payment Portals Credit and Collections 105

RevCycle

OCTOBER 31, 2024

The goal is to use data to make informed, strategic decisions that minimize future denials and improve overall revenue integrity. Denial Dashboards : Comprehensive dashboards display common denial reasons, by payer or by department, and offer actionable insights to improve processes and reduce future denials.

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Dashboards 194

Your Virtual Credit Manager

MARCH 4, 2025

As discussed in a recent post , gathering customer information doesn’t stop with the credit application. Indicators of customer financial strength: These are found in the information you collect on a customer such as credit bureau reports and ratings (e.g., Photo by Lubo Minar on Unsplash Risk assessment is an ongoing process.

Bad Debt 130

Bad Debt Credit and Collections Accounts Receivable (AR) Collector 130

Abrigo

OCTOBER 21, 2024

In an ideal world, banks and credit unions would have perfect information and would know from the outset of any early warning signs that a borrower is experiencing distress. Some early warning signs of problem commercial real estate (CRE) loans include new liens or the failure to deliver required financial information.

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Credit Unions Default Credit and Collections Credit Risk 78

Your Virtual Credit Manager

JANUARY 14, 2025

Fortunately, you usually have time to prepare because public firms are required to share their financial information, making it relatively easy to identify customers that are floundering. This was discussednin a previous article: Big Company Red Flags You Can't Afford to Miss.

Bad Debt 130

Bad Debt Bankruptcy Credit and Collections Accounts Receivable (AR) 130

Abrigo

MARCH 31, 2025

Lenders and credit analysts must organize into one cohesive credit memo the following: borrower information, financial ratios, any global cash flow analysis, the assigned risk rating, proposed loan pricing, and terms of the proposed loan. Focus on relevant repayment and credit risk information Whats relevant in a credit memo?

Credit Risk 78

Credit Risk Credit Unions Transactions 78

Your Virtual Credit Manager

NOVEMBER 12, 2024

While the principals of credit are the same for businesses of every size, there is a lot more information on the big guys making it easier to see any red flags that suggest they are in trouble. Consequently, a large percentage of your accounts receivable (AR) is likely to derive from large firms.

Chapter 11 130

Chapter 11 Accounts Receivable (AR) Bankruptcy Credit and Collections 130

SAP Credit Management

SEPTEMBER 5, 2023

SAP Signavio Process Navigator is a free service that is integrated into SAP for Me to provide access SAP solution scenarios, such as Lead to Cash or Plan to Fulfil ; respective solution processes; contextual process information such as applicatons, integrations, and implemented solution capabilities.

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SAP Credit Management

JANUARY 10, 2023

It is possible to cut costs, speed up workflows, and improve patient care by digitally modeling administrative, nursing, and medical responsibilities using information technology solutions. The Application of Information Technology to the Healthcare Industry. Factors for Integrating Healthcare System. This pertains to procurement.

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RMAi Blog

FEBRUARY 21, 2025

The TransUnion Debt Collection Annual Report highlights detailed stats and key takeaways we believe youll find both interesting and informative, including: A significant increase in the use of SMS/text messaging and email for consumer outreach A heightened focus on online self-service options driven by convenience and efficiency Expansion of agencies (..)

Debt Collections 130

Debt Collections Credit and Collections 130

Your Virtual Credit Manager

NOVEMBER 25, 2024

One thing that may help is adding some information or verbiage that explains in plain language what product or service you have delivered and are billing. An Example of Problematic Invoices You want your customer’s AP function to pay your invoice quickly and in full.

Credit and Collections 130

Credit and Collections Credit Management Default Small Businesses 130

SAP Credit Management

SEPTEMBER 25, 2023

For example, it might be required to get someone with special knowledge or qualification to fulfil the task, control of the budget is required, the buyer side may want to collect detailed information about the services provided and all this needs to be managed as part of the process. This is optional information.

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Default 196

Abrigo

NOVEMBER 13, 2024

Bank and credit union leaders can use data to inform small business lending Small businesses are showing resilience. Abrigo’s proprietary analysis comes from the largest real-time database of private-company financial statement information in the United States. Businesses' working capital cycles are longer. A recent U.S.

Small Businesses 88

Small Businesses Credit Unions Credit Risk Accounting Firms 88

RMAi Blog

MARCH 11, 2025

This Member Alert is intended for members of the Receivables Management Association International, is for informational purposes only, and is in no way intended to provide legal advice. Members are encouraged to consult with an attorney of their choice for legal advice concerning this matter.

Credit and Collections 130

Credit and Collections Collector Default 130

SAP Credit Management

SEPTEMBER 20, 2023

This allows you to deep dive into precisely what you need to see, enabling you to make informed decisions with confidence. This historical context helps you see if threshold violations are isolated incidents or part of a larger pattern, helping you make more informed decisions about how to address them.

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Default 201

SAP Credit Management

SEPTEMBER 8, 2023

After typing in the SFC number, you can find under the section Components the corresponding information: Component Search in SFC Report Many customers however want to start their search with the component in order to identify all the SFCs and Orders which have the specific component assembled (backward search).

Dashboards 195

Dashboards Transactions 195

RevCycle

AUGUST 23, 2023

Without access to accurate pricing information, patients are unable to shop around for the best prices on medical care. The No Surprises Act is designed to protect patients from surprise bills, while the Price Transparency Rules are designed to give patients more information about the prices of healthcare services.

Insurance Companies 204

Insurance Companies 204

RMAi Blog

JANUARY 28, 2025

This Member Alert is intended for members of the Receivables Management Association International, is for informational purposes only, and is in no way intended to provide legal advice. Please see related RMAI Member Alerts from August 16, 2024 , October 21, 2024 , and November 4, 2024.

Debt Collections 130

Debt Collections 130

RMAi Blog

JANUARY 20, 2023

The panelists will share top compliance topics for the coming year, information and resources for addressing them, and strategies for handling internal and client-driven changes. More information about RMAI is available at www.rmaintl.org.

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Law Firms 234

SAP Credit Management

SEPTEMBER 21, 2023

For more information on the rules of defining your tracking status, see Define the Codes for Displaying the Tracking Status. For more information about how to create a custom filter, see Creating Custom Filters. On the respective detail pages, you can add its tag on the header with the flexible UI function.

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SAP Credit Management

AUGUST 31, 2023

You will find further product information on our Community with various subpages about Getting Started , Business Content , the SAP BW Bridge as well as content for Best Practices & Troubleshooting and the FAQ for SAP Datasphere.

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RMAi Blog

FEBRUARY 27, 2025

” The full article can be read here: [link] For more information about CSS Impact and its industry-leading solutions, visit www.cssimpact.com or call 1.877.277.4621 The post CSS Impact Recognized by Los Angeles Business Journal for AI Innovations in Debt Collection appeared first on Receivables Management Association International.

Debt Collections 130

Debt Collections 130

SAP Credit Management

SEPTEMBER 7, 2023

As the “debit” and “credit” information is not present in SAP system, information 12 and 13 can be replaced by “Amount” and “Credit/Debit indicator” respectively, as follows: Click on ‘Save’ to save the data view 2FR_FI01. Following Article A.47

Transactions 190

Transactions 190

SAP Credit Management

SEPTEMBER 14, 2023

With predictive insights at your fingertips, you can make more informed decisions, optimize your planning processes, and stay ahead of the curve in a rapidly changing world. Follow me to stay updated and informed! Ramy Salem Customer Success, SAP Australia

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Abrigo

FEBRUARY 28, 2025

Phishing scams Phishing scams involve fraudsters impersonating legitimate entitiessuch as banks, government agencies, well-known companies, or business contactsto trick individuals into providing sensitive information like login credentials, Social Security numbers, or financial details.

Cybersecurity 88

Cybersecurity Transactions 88

SAP Credit Management

SEPTEMBER 1, 2023

Therefore, we completed RSA as a domain in the Information Model. Nevertheless, corresponding information is still available in the SAP Business Accelerator Hub. Stay tuned since we will join forces with the Business Accelerator Hub team – More information on future releases!

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Invoice to Cash 191

SAP Credit Management

SEPTEMBER 2, 2023

Problem Statement: You got lots of unstructured information and willingness to extract the meaningful information. Q2 – What is RAP Q3 – What is Build Apps If you see the response from OpenAI – it does not have any relevant information about these queries hence this custom training comes into Play. Q1 – What is CAP Ans.

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SAP Credit Management

SEPTEMBER 12, 2023

Situation Handling detects business situations and automatically informs the right users about issues requiring their attention. Contextual information and solution proposals support the users in solving a situation. What are the value and risks, and who needs to be informed about a situation?

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SAP Credit Management

SEPTEMBER 25, 2023

For further information, visit our SAP Analytics Cloud Community pages to find more product information, best practices, and more. See this SAP Knowledge Base Article if you’d like to learn more about FastTrack and Quarterly Release Cycle releases. Thanks for reading!

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SAP Credit Management

SEPTEMBER 11, 2023

Find all necessary information, including answers to questions asked during the session, on this blog. I will continue to update it with more information on business examples, upcoming sessions on extensibility, upcoming podcasts, and more. You can access the Session Presentation and Recording through the SAP Learning Hub.

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SAP Credit Management

SEPTEMBER 18, 2023

Intelligent access to information Intelligent access to information means using conversational AI in the guise of a natural language model behind a search field, for example in SAP Companion. SAP Enable Now is in ideation phase here.

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Process Mining Transactions 208

RMAi Blog

NOVEMBER 4, 2024

This Member Alert is intended for members of the Receivables Management Association International, is for informational purposes only, and is in no way intended to provide legal advice. Please see related RMAI Member Alerts from August 16, 2024 and October 21, 2024.

Debt Collections 130

Debt Collections 130

SAP Credit Management

AUGUST 29, 2023

The SAP Analytics Cloud agent requires additional setup steps, for more details see SAP Note 3262098 Version 1.0.353 for SAP Business Warehouse (BW) Version 1.0.235 for SAP HANA View Version 1.0.248 for File Server For more information, see System Requirements and Technical Prerequisites.

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Default 203

SAP Credit Management

SEPTEMBER 7, 2023

This item can be accessed by anyone with the public link [link] By means of the transfer of requirements, the MRP department is informed about the quantities and deadlines by which incoming orders should be delivered. Example You want to implement an availability check without transfer of requirements for sales information.

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Default Transactions 188

TreviPay

MARCH 18, 2025

For more information, visit www.trevipay.com. It is a powerful tool for airlines to drive sales and strengthen corporate relationships. TreviPay helps take the risk by extending credit and guaranteeing corporate payment while eliminating time-consuming manual billing and invoicing.

Credit Risk 99

Credit Risk 99