SAP Credit Management

AUGUST 23, 2023

The Joys of AI and Automation in ERP In previous years’ blog posts, my Product Success colleagues already explored the significance of artificial intelligence (AI) and automation. Benefit from integrated Budget Management / Fund Accounting that ensures seamless budget-related financial and commitment postings.

Default 137

Default Transactions 137

Abrigo

FEBRUARY 9, 2024

You might also like this on-demand webinar, "AML/CFT hot topics for 2024: What to expect for financial crime." If approved as written, professionals involved in real estate closings and settlements will have to report information to FinCEN about non-financed residential real estate transfers to legal entities or trusts.

Cybersecurity 78

Cybersecurity Transactions 78

Abrigo

MARCH 21, 2024

Firms specializing in fair value bring specialized expertise in financial modeling and valuation techniques. Identifying and quantifying potential economic risks associated with financial assets and liabilities becomes much easier with a fair value expert on your team. Risk mitigation.

Credit Unions 88

Credit Unions CECL Credit Risk Transactions 88

Abrigo

MAY 10, 2022

financial system from money laundering, terrorist financing, fraud, and other illicit financial transactions. Unusual activity going undetected can have devastating social and economic effects, and it is crucial in protecting the safety and soundness of our financial institutions. Spell it out for your law enforcement audience.

Transactions 148

Transactions 148

SAP Credit Management

JANUARY 10, 2023

I ntroduction : In this blog you will see how SAP calculates the Project WBS Result Analysis and settlement postings as per the Multiple valuations like Legal Valuation, Group valuation and Profit center valuation and it also provides required configuration details relating to Result Analysis. What you will learn from this Blog?

Revenue Recognition 147

Revenue Recognition Transactions 147

SAP Credit Management

AUGUST 3, 2023

In this blog post I’d like to outline the innovations for SAP S/4HANA Cloud 2308 in the area of Professional Services. Let’s have a look at the system for a demo: Please also take a look for more details of the project billing topics into Andreas Hammerschmidt’s blog post here.

149

149

SAP Credit Management

AUGUST 25, 2023

How does Universal Parallel Accounting (aka UPA) impact Financial Planning in SAP S/4HANA? With this blog post I will look at the UPA topic from the point of view of Financial Planning in SAP S/4HANA. I will start with a short introduction into UPA. I will start with a short introduction into UPA.

Transactions 150

Transactions Revenue Recognition 150

SAP Credit Management

JULY 19, 2023

That is exactly what this blog post series is all about: sharing knowledge with a broader community, building confidence in the journey to the public cloud and making product adoption a successful and delightful experience. A close-up is a tightly framed image of a person or an object. Click here to listen in!

Order to Cash 145

Order to Cash 145

SAP Credit Management

AUGUST 4, 2023

Objective of this blog is to give an outlook for customers running ELSTER/ERiC scenarios on SAP Business Connector and guidance for replacing it with a more contemporary platform. The data is transferred to a middleware where it gets encrypted, signed and then transferred to the financial authorities. What are ELSTER/ERiC scenarios?

Transactions 140

Transactions 140

Abrigo

DECEMBER 5, 2023

Watch webinar Takeaway 1 BSA Officers are the frontline defenders against financial crimes in banking institutions, and hiring the proper skill set for each BSA position is critical. Takeaway 2 The role of a BSA Officer is complex and multifaceted, and financial institutions need individuals who are the same.

Credit Unions 88

Credit Unions Transactions 88

SAP Credit Management

JANUARY 20, 2023

In this blog I am going to explain how you can check if time sheet records are posted to accounting successfully. The reason can be, for example, the financial period during which the labor was provided has already been closed. Figure 2: Service Actuals for service order (screenshot from SAP S/4HANA Cloud 2208).

Transactions 157

Transactions 157

SAP Credit Management

JANUARY 13, 2023

With the enhancement of our extension version capabilities, SAP S/4HANA for group reporting provides you a flexible way to restate and simulate your group financial statements. This blog describes the following elements: Restatements. Restatement is the process of restating the consolidated financial statements you already published.

Transactions 184

Transactions 184

SAP Credit Management

SEPTEMBER 14, 2023

Over the past few months, we’ve collaborated closely with Sapphire to establish a robust SAP Build practice. For a deeper understanding of our journey, we encourage you to explore Sapphire’s blog post , where they share their valuable insights!

Transactions 200

Transactions 200

SAP Credit Management

SEPTEMBER 16, 2023

By Dirk Dreisbach and Dmitry Melnik Part 1: SAP S/4HANA Grocery Retail Blog | SAP Blogs Part 2: S/4HANA Grocery Retail Blog part 2 | SAP Blogs Part 3: SAP S/4HANA Grocery Retail Blog part 3 | SAP Blogs Part 4: Promotions in Grocery Retail This blog series focuses on grocery retail and the main challenges the industry faces today.

Retail Companies 173

Retail Companies Transactions 173

Abrigo

FEBRUARY 9, 2023

You might also like this webinar, " AML Compliance and Sanctions Requirements for Non-Bank Financial Institutions " WATCH NOW Takeaway 1 Financial institutions must understand regulatory expectations for name screening with sanctions lists. But they should pay close attention to each PEP to ensure sanctions compliance.

Credit Unions 78

Credit Unions 78

Abrigo

JANUARY 24, 2024

The FDIC bid process is highly confidential and typically operates within a short window before the FDIC officially closes a bank and declares a successful acquirer. For acquisitive financial institutions, the required efforts have been elevated, as CECL changed how public and private financial institutions account for these acquired assets.

CECL 78

CECL Credit Risk 78

Abrigo

SEPTEMBER 6, 2023

Takeaway 1 Check fraud detection is a critical component of AML programs because it is one type of fraud that continues to trend upward in financial institutions. In addition, fraud has significant resource implications for financial institutions.

Credit Unions 78

Credit Unions Transactions 78

Abrigo

DECEMBER 23, 2022

Blog posts to help your asset/liability management (ALM) staff strategize for the future These ALM posts were the most popular in 2022. Our top ten blogs were created by Abrigo's team, which includes former bankers, regulators, and industry experts. Would you like other articles like this in your inbox? For rookies and experts.

CECL 78

CECL Credit Unions Credit and Collections Credit Risk 78

Abrigo

FEBRUARY 14, 2024

Manage credit losses Monitoring risk changes in CRE loan portfolios The commercial real estate (CRE) landscape is in constant flux, but in recent months, several indicators signal shifts in risk and opportunity for financial institutions. CRE trends and indicators What are the signs of potential CRE risk?

CECL 78

CECL Credit Risk Credit Unions 78

Abrigo

DECEMBER 14, 2023

Practical tips for conducting effective strategic planning meetings Financial institutions' strategic plans should be cohesive, focused, and have buy-in from stakeholders. You might also like this on-demand webinar, "Strategic plan: How to develop and monitor at your financial institution." These steps can help get you there.

Credit Risk 88

Credit Risk Dashboards Credit and Collections CECL 88

SAP Credit Management

AUGUST 3, 2023

In this blog, we’ll take a deep dive into the integration with a special focus on the aspects of revenue recognition and margin analysis. SAP Subscription Billing offers numerous capabilities which are well described in many blogs or in the user assistance. For instance, you can find a great set of resources here.

Revenue Recognition 157

Revenue Recognition Invoice Amount Transactions 157

SAP Credit Management

AUGUST 9, 2023

Preamble: This blog post is an extension of concepts first explored in my blog series on the Theta Blockchain : The Case for Theta. As of the writing of this blog post(August, 2023), this is only true in the case of El Salvador which passed legislation declaring Bitcoin(BTC) as legal tender in September of 2021.

Transactions 140

Transactions 140

SAP Credit Management

AUGUST 28, 2023

You can choose which type of measure, structure, and dimension you want to display in your financial statement by selecting or deselecting it. The new “Formatting” panel provides you with features for styling the appearance of the numbers in your financial statements. You can also create conditional formatting rules.

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169

Abrigo

JUNE 8, 2022

Now is the perfect time for financial institutions to reassess elder financial exploitation red flags. You might also like this webinar, "Elder Financial Exploitation – The Hidden Crime." Takeaway 1 Elder abuse and elder financial exploitation continue to be growing concerns. What is Elder Financial Exploitation?

Credit Unions 78

Credit Unions Transactions 78

Waystar

MARCH 21, 2023

This is the fourth post in a new Waystar blog series: 7 steps to sharpen your healthcare revenue cycle. Can’t wait for a new blog each week? When patients generate up to 30% of a provider’s revenue, organizations must have a solid financial clearance process to set expectations and boost pre-service payments.

Credit and Collections 98

Credit and Collections Deductions Transactions 98

Abrigo

SEPTEMBER 20, 2023

How financial institutions can prevent losses from 1st-party fraud Learn strong approaches to identifying, preventing, and detecting 1st-party fraud that will keep your AML program on top of fraud trends. 1st-party fraud is one typology that continues to cause losses for financial institutions and their clients.

CECL 78

CECL Credit Unions Transactions Credit Risk 78

Due

FEBRUARY 19, 2024

Inexpensive hobbies, including ones that are completely free, are financially sustainable. Making extra money can help your fixed income go further, provide you with more financial stability, or potentially mitigate the costs of an otherwise expensive hobby. If you already have an area of expertise, you can write about it.

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98

Lendio

MAY 9, 2024

Others will consider your application within two to three years after the bankruptcy is closed if you’ve rebuilt your credit score. Lenders will also consider your business’s current financial standing and future potential when evaluating your loan application. Can you get an SBA loan after bankruptcy?

Bankruptcy 52

Bankruptcy Chapter 11 Chapter 7 Business Bankruptcy 52

Abrigo

FEBRUARY 24, 2023

How can financial institutions utilize these storytelling principles in their SAR narrative writing to produce clear reports? The Federal Financial Institutions Examination Council (FFIEC) BSA Examination Manual states that the SAR narrative section is “critical.” Save time by direct filing your SARs and CTRs with FinCEN.

Transactions 97

Transactions 97

Due

FEBRUARY 5, 2024

Consider creating content pillars for publishing blog articles, web pages, and other owned content. Financial Data Financial data should form the backbone of strategic decision-making for any business. As an added bonus, financial data analysis also aids in risk management and strategic planning.

Credit and Collections 116

Credit and Collections 116

Lendio

APRIL 24, 2024

In this guide, we’ll explain everything you need to know about it, including its implications, to help you make informed financial decisions for your business. This includes origination fees, packaging fees, closing costs, and service fees. What is the SBA guarantee fee? Are there additional SBA loan fees?

Small Businesses 52

Small Businesses Credit and Collections Default 52

Abrigo

OCTOBER 19, 2023

Takeaway 2 The sensitive data and transactions financial institutions handle and the constant threats of cyberattacks make cybersecurity measures and education critical. Data and transactions Financial services: Critical sector for cybersecurity The financial services industry is one of the most critical sectors in terms of cybersecurity.

Cybersecurity 88

Cybersecurity Credit Unions Transactions 88

Abrigo

SEPTEMBER 20, 2023

Significant risk doesn't always mean a big reward for financial institutions. Despite their size, this Miami credit union still took on giant risks that, according to FinCEN, exposed the United States financial system to significant opportunities for money laundering and terrorist financing.

Credit Unions 60

Credit Unions 60

Abrigo

JUNE 13, 2022

Elder financial exploitation and elder fraud are serious crimes in the United States. With rates of these crimes rising across the country, financial institutions should anticipate such incidents happening in their customer bases. The NCOA estimates the cost of elder financial abuse to older Americans to be up to $36.5

Credit Unions 78

Credit Unions Transactions 78

Abrigo

OCTOBER 4, 2022

Financial institutions must plan to take advantage of rising rates. At the time, financial institution earnings across the board were less than stellar, and institutions were poised to take advantage of a rising-rate interest rate environment. Financial institutions can certainly increase earnings in a rising-rate environment.

Credit Unions 78

Credit Unions CECL Credit Risk 78

Lendio

NOVEMBER 10, 2023

In this blog post, we will discuss how to use an SBA loan to buy an existing business. Interest rates on 7(a) loans are typically close to prime rates and are influenced by a variety of factors, including the length of the loan and whether the rate is fixed or variable.

Credit Scoring 96

Credit Scoring Credit Unions Small Businesses 96

Abrigo

MARCH 7, 2022

Experts weigh in on regulatory hot topics for 2022 Review these 10 insights into what regulators are looking for in 2022 to help your financial institution pass exams with flying colors. Takeaway 2 Planning ahead and informing management of expected changes will help financial institutions adapt to anticipated rules and guidance.

Credit Unions 78

Credit Unions Cybersecurity Transactions 78