RMAi Blog

MARCH 20, 2023

ELK GROVE, CA – Superlative RM , a collection agency located in Elk Grove, CA and Phoenix, AZ, is honored to announce its receipt of the 2022 Tier 1 Top Agency Award from Cascade365 — a family of companies that provide accounts receivable liquidity solutions to the consumer finance and healthcare industries.

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Third Party Collections 130

SAP Credit Management

SEPTEMBER 7, 2023

Business Requirement From 1st January 2014, companies in France are legally required to export their accounting transaction data for a fiscal year. Upon receiving notice of a tax audit, a company has 15 days to prepare and remit the FEC file. Upon receiving notice of a tax audit, a company has 15 days to prepare and remit the FEC file.

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Transactions 190

SAP Credit Management

AUGUST 28, 2023

Interest Calculation Tax authorities may have to calculate and post credit/debit interests on payables/receivables. SAP PSCD provides the Interest Calculation feature to support the requirement. As a consequence, the account balance of a taxpayer is saturated with interest documents.

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Credit and Collections Transactions 138

SAP Credit Management

AUGUST 8, 2023

Advanced Shipping and Receiving (AS&R) is an innovative solution introduced in S/4H 2020 FPS01 for execution-driven transportation planning. The introduction of Advanced Shipping and Receiving in 2020 revolutionised the transportation planning process. Depending on your scenario, your HU might be blocked.

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SAP Credit Management

SEPTEMBER 1, 2023

In this experience, partners validate their ideas, get coaching and support during the build of the prototype, and get hands-on experience with SAP Technologies. For the next few days, the partners focused on developing their prototypes supported by SAP experts.

Dashboards 178

Dashboards 178

Accounting Department

MARCH 28, 2024

This is where client accounting services come into play. In this blog post, we will explore how client accounting services (CAS) streamline financial processes for businesses, highlighting the benefits of outsourcing accounting functions to improve efficiency and reduce administrative burdens.

Transactions 87

Transactions 87

SAP Credit Management

AUGUST 3, 2023

Simple Integration with Other Tools The external tool must: Expose REST APIs to receive messages. Expose an API endpoint accessible from your SAP Cloud ALM BTP sub-account. Support one of the following Authentication protocol described in the following documentation. Support a compatible payload for REST operations.

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SAP Credit Management

AUGUST 25, 2023

How does Universal Parallel Accounting (aka UPA) impact Financial Planning in SAP S/4HANA? I want to summarize my findings and what you need to know when you consider to activate the business function for Universal Parallel Accounting. I often receive questions about the latest innovations in the Finance area in SAP S/4HANA.

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Transactions Revenue Recognition 150

RMAi Blog

APRIL 13, 2023

In support of Financial Capability Month, the Receivables Management Association International (RMAI) presents the following information. How a Debit Card Works: A debit card is a payment card that deducts money directly from your checking account to pay for a purchase. When you use a credit card, you pay the bill later.

Credit and Collections 130

Credit and Collections Credit Unions Deductions Credit Application 130

SAP Credit Management

AUGUST 22, 2023

The default identity provider doesn’t support global user IDs. Subscribe to the SAP Task Center using Booster Once you have successfully set up an account for the SAP Task Center with SAP Build WorkZone, standard edition using Booster , Service instance, and the destinations to connect to other products are created automatically.

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Default 145

SAP Credit Management

SEPTEMBER 4, 2023

The external tool must: Expose REST APIs to receive messages. Expose an API endpoint accessible from your SAP Cloud ALM BTP sub-account. Support one of the following authentication protocol described in the following documentation. Support a compatible payload for REST operations.

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Default 181

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. The good news is that there are a number of actions you can take to reduce your loss exposure and shore up your accounts receivable (AR).

Bankruptcy 130

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

Your Virtual Credit Manager

SEPTEMBER 12, 2023

Effectively managing accounts receivable (AR) is essential for a company's financial well-being. Poor receivables performance affects cash flow, and it is no secret that cash flow problems are the leading cause of business failures. The greater the number of payments you receive daily, the greater this problem will be.

Credit and Collections 130

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

SAP Credit Management

AUGUST 12, 2023

Who receives the accesses to the systems? What to do if we don’t receive the initial emails about the systems? Provisioning Sequence From the above illustrations it can be understood what are the overall systems which will be requested, received, setup and then worked upon. How to onboard additional users in the system?

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Default 156

SAP Credit Management

SEPTEMBER 4, 2023

Buyers will review all the responses they receive and notify you when they make a decision. Standard Account Experience Improvements Another major milestone in this release is the expanded capability for our suppliers The supplier standard account experience has been enhanced to provide additional permission-based actions and navigation.

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Dashboards Default Transactions 162

SAP Credit Management

JULY 25, 2023

It offers a range of resources, services, and support to ensure a smooth and successful onboarding experience for users. This includes technical assistance, non-technical support, and the ability to provide feedback through the SAP Support Portal. Create an SAP Universal ID which provides an unified account across SAP sites.

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SAP Credit Management

JULY 15, 2023

Introduction The Purchase Order Accruals application automates the calculation and posting of accruals and deferrals in General Ledger Accounting. Concepts: Accruals & Deferrals Accruals recognize revenues or expenses before cash is received or paid, reflecting the true economic activity.

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Default Transactions 142

SAP Credit Management

SEPTEMBER 7, 2023

You can now access selected services created in your own AWS account via a private network connection from SAP BTP in the following regions:   eu-central-1 (Frankfurt) us-east-1 (N. We’re eager to receive your feedback!  

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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.

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Credit and Collections Bankruptcy Credit Management 52

RMAi Blog

MARCH 20, 2023

RMAI Diversity Equity Inclusion Program Baseline Recommendations March 20, 2023 (Sacramento, CA)  – RMAI introduces a new guide for the accounts receivables management industry, Implementing Diversity Equity Inclusion Best Practices: RMAI Diversity Equity Inclusion Program Baseline Recommendations.

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Your Virtual Credit Manager

OCTOBER 31, 2023

Accounts receivable (AR) represent the amounts owed your business by your customers for the purchase of goods or services delivered on credit. Because AR constitutes one of largest assets on your books, proactively managing accounts receivable is crucial for the financial health of your business. Nobody anticipated Covid.

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

Your Virtual Credit Manager

JANUARY 9, 2024

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. Segmenting your receivables can be based on any number of criteria: industry type, distribution channel, customer risk rating or score, credit limit, AR aging and so on.

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Credit and Collections AR Aging Accounts Receivable (AR) Deductions 130

Your Virtual Credit Manager

APRIL 18, 2023

The economic principle supporting the “Division of Labor” asserts that a worker devoted to a single function, hence specialized, will become proficient faster as well as become more effective (better results) and more efficient (lower cost), than a worker performing a series of activities. One way is to outsource the function.

Bad Debt 130

Bad Debt Credit and Collections Accounts Receivable (AR) Third Party Collections 130

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.

Bankruptcy 52

Bankruptcy Credit and Collections Credit Management 52

RMAi Blog

MARCH 2, 2023

of the Receivables Management Certification Program (RMCP) after a lengthy development and review process. Applications received prior to this date will not require a Pre-Certification Audit. Launches Certification Version 11.0 March 2, 2023 (Sacramento, CA)  – The RMAI Certification Council announces the adoption of version 11.0

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Law Firms 130

Your Virtual Credit Manager

SEPTEMBER 19, 2023

(Photo by Elisa Ventur on Unsplash ) There are several situations that might explain this behavior: Companies that are under-capitalized often rely on their accounts payable (their suppliers’ receivables) as a source of capital by delaying payment. For more on Red Flags click here. it just might help them pay you sooner!

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Credit and Collections Bad Debt Default Credit Risk 130

SAP Credit Management

SEPTEMBER 27, 2023

Accounting Impact Significant accounting impact, including revenue recognition, tax implications, and intercompany billing. Minimal or no direct accounting impact; treated as an internal cost transfer. Accounting impact is moderate, often similar to intracompany STOs but with fewer legal and financial considerations.

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Revenue Recognition Transactions 132

RMAi Blog

JANUARY 12, 2023

That’s why we actively support local charities and participate in events that create positive change in our neighborhoods, our cities, and the global community around us. Toys for Tots is our favorite charity and one we support each and every holiday season,” says Tom Clement, Chief Sales Officer, and Partner at Frontline Asset Strategies.

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Chaser

JULY 21, 2023

In an increasingly data-driven business landscape, tracking the right KPIs for your accounts receivable team's performance is an essential assignment that will ultimately influence your bottom line. What are accounts receivables KPIs?

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Your Virtual Credit Manager

FEBRUARY 27, 2024

Situations often arise when the prudent action involves denying credit to a potential customer, imposing limits on existing accounts, or delaying the fulfillment of large orders until payment is received. Are there past due accounts you are trying to collect? We are currently offering 33 percent off our standard rates.

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Accounts Receivable (AR) Bad Debt Days Sales Outstanding Credit and Collections 130

lsq

APRIL 30, 2024

million accounts receivable credit facility for a staffing firm specializing in hospitality and IT. The additional working capital will be used to support their rapid growth with additional new contracts. (May 1, 2024) – LSQ, a leading provider of working capital and payments management solutions, recently originated a $3.5

Credit and Collections 52

Credit and Collections Bankruptcy Credit Management 52

SAP Credit Management

SEPTEMBER 5, 2023

As part of Team supporting Partners with these issues, I have gathered some inputs which could help Partners to prepare better on these. Technical Admin mentioned here receives the Welcome Emails with system details (Links to CBC, IAS/IPS & S4 Tenants) & User ID to be used. Please refer KBA 2570572 for more details.

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Transactions 151

Emagia

MAY 5, 2024

Finance controllers manage a company’s internal finances like accounts receivable and accounts payable with more efficiency and less operational cost. Finance controllers are instrumental in optimizing budgets, tracking accounting operations, auditing expenditures, and minimizing revenue leakages.

Transactions 52

Transactions 52

SAP Credit Management

SEPTEMBER 11, 2023

In these events, partners validate their ideas, get coaching and support to build the prototype, and get hands-on experience with SAP technologies. We also would like to thank all the SAP teams and colleagues for their passionate and tireless commitment and the tremendous support they offered, which made this event possible!

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Transactions 200

RMAi Blog

APRIL 14, 2023

Savings accounts generally have minimal risk since funds are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000. Investing calls for a longer wait period, compared to a savings account, before accessing invested funds. More information about RMAI is available at www.rmaintl.org.

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SAP Credit Management

JANUARY 31, 2023

Dear customers, Find here an overview of the SAP Enterprise Support Academy monthly newsletter on latest news, training course, upcoming sessions, and further educational offerings. We support seven languages: English, German, Japanese, Simplified Chinese, French, Portuguese, and Spanish. New dates available in February and March.

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Gaviti

APRIL 18, 2024

As an assessment and diagnostic tool, it’s hard to overstate the importance of your company’s accounts receivable (AR) collections aging report. As an assessment and diagnostic tool, it’s hard to overstate the importance of your company’s accounts receivable (A/R) aging report. What Is an Accounts Receivable Aging Report?

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AR Aging Credit and Collections Bad Debt Accounts Receivable (AR) 52