January 2024 Commercial Credit Management News
Credit Management Group UK
FEBRUARY 13, 2024
We hope this blog finds you well.
Navigating the looming Credit Manager shortage: now is the time for smart credit management software
Onguard
JANUARY 5, 2024
As we step into 2024, the landscape of credit management is undergoing a significant transformation. The looming issue of a Credit Manager shortage is not just a fleeting concern but a stark reality that businesses must address. In the face of this shortage, companies must pivot towards innovative solutions.
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Chaser shortlisted for Best Technology Provider at 2024 Credit Awards
Chaser
APRIL 24, 2024
I am thrilled to share that Chaser has been shortlisted for the Best Technology Provider award at the 2024 Credit Awards. The Credit Awards recognize outstanding individuals and companies that have had a significant impact on the credit management industry.
SAP Enable Now – Adoption Sessions 2024 (Americas-friendly time zone)
SAP Credit Management
SEPTEMBER 21, 2023
SAP Enable Now – Americas Adoption Sessions 2024 Please click on the links below to Register for each of the upcoming SAP Enable Now adoption sessions (Americas-friendly time zones). Previous sessions have a link to the corresponding recordings and slide decks.
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Resolve to Be More Proactive in 2024
Your Virtual Credit Manager
JANUARY 9, 2024
Then last week we looked at credit hold best practices. From a credit management perspective, these are largely reactive topics. In fact, once you decide to sell a customer on open credit, most of the accounts receivable (AR) management tasks that follow have a reactive component. There is nothing wrong with that.
Scottish fintech Know-it to expand into Australia in 2024
Know-It Global
AUGUST 16, 2023
Scottish FinTech Know-it has revealed it will enter the Australian market in 2024, as part of its global expansion strategy. This strategic move aims to deliver Know-it’s credit management solution to the Australian market, ensuring that Australian SMEs have access to the platform to effectively manage their credit control process.
Lessons for Trade Creditors from Recent Bankruptcies
Your Virtual Credit Manager
APRIL 23, 2024
The good news is that until May 1, 2024, annual subscriptions are only $29.40. The experts at Your Virtual Credit Manager are currently offering 33 percent off our standard consulting rates. The experts at Your Virtual Credit Manager are currently offering 33 percent off our standard consulting rates.
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Get Ready for a Wave of Commercial Bankruptcies
Your Virtual Credit Manager
FEBRUARY 13, 2024
Likewise, the construction and business services industries, accounting for nearly 20 percent of insolvencies last year, are projected to remain the hardest hit in 2024. percent in 2024 — that’s roughly one in twelve. Here’s a primer on credit insurance. Fitch Ratings forecasts U.S. What do you need help with?
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Prompt Payment Law: What Does it Mean for Your Business?
Know-It Global
APRIL 2, 2024
New changes have come into place in April 2024, with updated standards for Prompt Payments being introduced. As of April 1 st, 2024, there are significant changes for big businesses bidding for large government contracts. At Know-it, our platform uses automation to support small businesses with their credit control process.
Know-it 2023 Round Up- It’s Been a Blast ?
Know-It Global
DECEMBER 20, 2023
March Our First Customer Success Manager – Clara Gobrecht With more and more subscribers on our amazing credit management platform every day, Clara was introduced officially as Know-it’s first customer success manager who is on hand to give support to our users to help them get the most out of the Know-it platform!
Strategies for Navigating Elevated Interest Rates
Your Virtual Credit Manager
APRIL 9, 2024
” Federal Reserve Bank of Minneapolis President Neel Kashkari penciled in two rate cuts for later in 2024 at the last Fed meeting but noted, "If we continue to see inflation moving sideways, then that would make me question whether we need to do those rate cuts at all."
LSQ Creates $2MM in Invoice Finance Facilities for N.Y.-based Software Companies
lsq
MAY 6, 2024
May 6, 2024) – LSQ, a leading provider of working capital and payments management solutions, recently originated twin $1 million accounts receivable finance facilities ($2 million total) for sister software firms offering access management SAAS solutions for numerous industry verticals. ORLANDO, Fla.
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HCM BR: eSocial – Como configurar o novo leiaute S-1.2
SAP Credit Management
SEPTEMBER 18, 2023
No vídeo tutorial, mostramos como exemplo a data 21 de janeiro de 2024. A partir de 01/01/2024 , o sistema não permite a configuração parcial de eventos para a nova versão. é 01/01/2024. Vamos ver mais detalhes? Veja no vídeo que preparamos para você como configurar o novo leiaute: Quando realizar a troca de leiaute?
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LSQ Creates $3.5MM Invoice Finance Facility for Hospitality/IT Staffing Firm
lsq
APRIL 30, 2024
May 1, 2024) – LSQ, a leading provider of working capital and payments management solutions, recently originated a $3.5 million accounts receivable credit facility for a staffing firm specializing in hospitality and IT. ORLANDO, Fla. The company was referred to LSQ by a bank partner.
LSQ Creates $20MM Invoice Finance Facility for Ohio-based Aerospace Tooling Manufacturer
lsq
APRIL 29, 2024
April 30, 2024) – LSQ, a leading provider of working capital and payments management solutions, recently originated a $20 million account receivable credit facility for an Ohio-based aerospace tooling and precision assemblies manufacturer. The company was referred to LSQ by a wealth management advisor. ORLANDO, Fla.
There's Nothing Good about Extended Payment Terms
Your Virtual Credit Manager
APRIL 30, 2024
To continue reading and learn 6 things to consider when confronted with a request for extended payment terms, as well as how to combat Payment Timing Optimization, you need to be a paid subscriber to Your Virtual Credit Manager. The good news is that until Wednesday May 1, 2024, annual subscriptions are only $29.40.
Call, connect, collect: Call your debtors directly in Chaser for simplified collections
Chaser
JANUARY 9, 2024
billion in collected payments in 2023 - the landscape of credit management is evolving. According to The Late Payment Report (2022 ), 61% of businesses rely on phone calls in their credit management process, as direct calls can expedite payment resolutions.
Tips and Tricks (Best practice Workaround) – Accruals & Entitlements with Recurring Time Accounts
SAP Credit Management
AUGUST 24, 2023
days every month) from say June 2022 – May 2023 in the Acquisition account These accruals are transferred on a regular basis to Vacation Taking Account which is valid from June 2023 – May 2024. So the employee would have 30 days of vacation accrued (2.5 at the end of vacation acquisition period i.e May 31 st of a year.
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Are You Managing Your Receivables with the End of the Year in Mind?
Your Virtual Credit Manager
SEPTEMBER 26, 2023
Readers of Your Virtual Credit Manager can access sharply discounted business credit reports from D&B, Experian, or Equifax through our partner accredit. More About Purchasing Credit Reports Be proactive with larger balances that may become past due. What do you need help doing?
3 ideas for sustainability in fintech
Onguard
MAY 7, 2024
Read also: Sustainable credit management: Working together for the future 3. On March 15th, employees were encouraged to block off 30 minutes in their calendars to declutter their digital spaces. The goal was for each Visma employee to delete 5GB of unnecessary data, resulting in a significant reduction of CO2 emissions.
Onguard announces changes to Management Team
Onguard
JANUARY 15, 2024
New structure underlines a customer-centric approach for 2024 Credit management software specialist Onguard announces changes to its Management Team from 1 January 2024. As of 1 January 2024, Pouw is therefore the People & Culture Director.
Know-it Now Integrates with Sage 50! ?
Know-It Global
FEBRUARY 26, 2024
We are excited to announce our first platform update of 2024! Know-it CEO & Founder Lynne Darcey Quigley says, “We’re delighted to offer another integration that will enable us to help even more businesses to make more informed credit decisions to better manage risk, minimise instances of late payments and protect their cashflow.”
Know-it set for Expansion into Australia to ‘Safeguard Business Continuity’ for SMEs
Know-It Global
AUGUST 18, 2023
Scottish fintech Know-it is no exception, as they have announced the launch of their cloud-based credit management platform in Australia for 2024. It’s a critical juncture where technology can step in and offer a helping hand through an affordable and innovative credit management platform.
Four Goals Guaranteed to Improve Cash Flow
Your Virtual Credit Manager
DECEMBER 19, 2023
If you are an executive at a small or mid-sized business, chances are you are in the process of putting together a budget for 2024, or have already done so. Hopefully, that is why you are reading Your Virtual Credit Manager. We can help you focus on the AR issues that matter the most.
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LSQ Creates $6MM AR Finance Facility for Pennsylvania IT Services Firm
lsq
FEBRUARY 5, 2024
February X, 2024) – LSQ, a leading provider of working capital and payments management solutions, recently originated a $6 million account receivable credit facility for a Pennsylvania-based IT services provider. ORLANDO, Fla. The company was referred to LSQ by a strategic banking partner.
SAP SSAM at SAP Inside Track Kolkata
SAP Credit Management
JULY 25, 2023
SAP provides another cool solution SAP Service and Asset Manager which also supports offline mode. Infact, you can also check sap roadmap reference document, you can see that in 2024 sap will be providing some cool features such as ai chatbot, inbound transaction queue out of the box. Also, new features are coming up every 6 months.
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LSQ Creates $3MM AR Finance Facility for Auto Parts Manufacturer
lsq
FEBRUARY 1, 2024
February 1, 2024) – LSQ, a leading provider of working capital and payments management solutions, recently originated a $3 million account receivable credit facility for a Georgia-based auto parts manufacturer. The company was referred to LSQ by a wealth management advisor.
1st SAP Sustainability Summit -2023 @SAP Labs Bangalore
SAP Credit Management
SEPTEMBER 17, 2023
The Stage was so simple and elegant with the sustainability theme The key note was opened by Sindhu Gangadharan on the Sustainability and there were so much relevance with the SAP Labs with pointers on how in 2024 it will be sustainable on NetZero.
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SAP Analytic Cloud Usage Tracking Content will be replaced with new System Overview (Admin Content)
SAP Credit Management
AUGUST 14, 2023
During the transition phase until September 2024 , you’ll have enough time to recreate your custom reports with the new Models. Smooth Transition with Custom Reporting If you’ve created custom reports based on SAP__SAC_USAGE_* Models, we’ve got you covered.
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Value Management for the Chemical Companies (Part 4) – NPV & IRR Estimation
SAP Credit Management
JANUARY 22, 2023
It´s important because costs or spends are started earlier (in 2022, lines # 4 … 13) than we expect the benefits (in 2024, line #3), and the program outcomes should be calculated considering this time lag. The most important task of the table is to compile all financial data in one timely (early) dimension.
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Budget Changes 2023-24 for Country India Payroll
SAP Credit Management
FEBRUARY 12, 2023
Check out the details at: [link] Important:- Keep an eye on the following SAP note and KBA for more information :- SAP Note – 3298673 – FAQ on Budget 2023-2024 Customers who have not yet subscribed to the Newsletter, please do Subscribe to SAP Payroll India Newsletter Today !
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Scottish fintech Know-it sets its sights on Australia expansion
Know-It Global
AUGUST 18, 2023
Scottish fintech Know-it is no exception, as they have announced the launch of their cloud-based credit management platform in Australia for 2024. It’s a critical juncture where technology can step in and offer a helping hand through an affordable and innovative credit management platform.
Scottish fintech Know-it sets its sights on Australia expansion
Know-It Global
AUGUST 16, 2023
Scottish fintech Know-it is no exception, as they have announced the launch of their cloud-based credit management platform in Australia for 2024. It’s a critical juncture where technology can step in and offer a helping hand through an affordable and innovative credit management platform.
Scottish fintech Know-it sets its sights on Australia expansion
Know-It Global
AUGUST 16, 2023
Scottish fintech Know-it is no exception, as they have announced the launch of their cloud-based credit management platform in Australia for 2024. It’s a critical juncture where technology can step in and offer a helping hand through an affordable and innovative credit management platform.
Scottish fintech Know-it sets its sights on Australia expansion
Know-It Global
AUGUST 16, 2023
Scottish fintech Know-it is no exception, as they have announced the launch of their cloud-based credit management platform in Australia for 2024. It’s a critical juncture where technology can step in and offer a helping hand through an affordable and innovative credit management platform.
Scottish fintech Know-it sets its sights on Australia expansion
Know-It Global
AUGUST 16, 2023
Scottish fintech Know-it is no exception, as they have announced the launch of their cloud-based credit management platform in Australia for 2024. It’s a critical juncture where technology can step in and offer a helping hand through an affordable and innovative credit management platform.
Scottish fintech Know-it sets its sights on Australia expansion
Know-It Global
AUGUST 16, 2023
Scottish fintech Know-it is no exception, as they have announced the launch of their cloud-based credit management platform in Australia for 2024. It’s a critical juncture where technology can step in and offer a helping hand through an affordable and innovative credit management platform.
Scottish fintech Know-it sets its sights on Australia expansion
Know-It Global
AUGUST 16, 2023
Scottish fintech Know-it is no exception, as they have announced the launch of their cloud-based credit management platform in Australia for 2024. It’s a critical juncture where technology can step in and offer a helping hand through an affordable and innovative credit management platform.
Scottish fintech Know-it sets its sights on Australia expansion
Know-It Global
AUGUST 16, 2023
Scottish fintech Know-it is no exception, as they have announced the launch of their cloud-based credit management platform in Australia for 2024. It’s a critical juncture where technology can step in and offer a helping hand through an affordable and innovative credit management platform.
Release Navigator for SAP Customer Experience by SAP Enterprise Support Coming Soon!
SAP Credit Management
SEPTEMBER 22, 2023
At the top of the Home Page you can also find resources to help you get the most out of the release navigator: A Guided Tour , created with native SAP Enable Now , which will instruct you how to use the release navigator. – Coming with the next update in Q1 2024 This SAP Community Blog Post for reference.
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The Future of Work is…
SAP Credit Management
JULY 25, 2023
What are the trends that you expect will shape the Future of Work agenda in 2024+? We would be remiss If we did not include Generative AI in the original challenge: Me: Give me 3 one-word options to complete the sentence, “the Future of Work is…” GPT-4: flexible, collaborative, automated Is AI right?
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RMAi Blog
MAY 12, 2023
Call for Presentations Beginning June 1, 2023, and ending August 7, 2023, RMAI will be seeking proposals for 2024 Annual Conference education, 2024 Executive Summit education, educational webinars, educational articles, and other educational resources. Credit Corp Solutions Inc. Read more about the Legislative Fund.
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HCM Brasil: FGTS Digital – Fase de Testes Iniciada
SAP Credit Management
AUGUST 22, 2023
Aproveitem esse período (que vai até 10 de novembro de 2023 ) para ajustar os processos internos em sua empresa e preparem-se para a substituição prevista para janeiro de 2024. Durante esse período de testes, é possível acessar o FGTS Digital, enviar os eventos para o eSocial e simular a emissão de guias para conferir se está tudo certo.
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A closer look at the European SEPA legislation
SOA People
FEBRUARY 8, 2024
Following on from our previous article on the introduction of the new SEPA XML version 2019 , which will be available from 17 March 2024, this article provides additional information on the technical background of the European SEPA legislation. It lays down requirements for the entire payment chain, i.e. from customer to customer.
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