Your Virtual Credit Manager

DECEMBER 19, 2023

Hopefully, that is why you are reading Your Virtual Credit Manager. In most cases (90 percent or more), we find the customer has a valid claim and deserves a credit. Maybe you have factored in an incremental improvement in DSO, but how much thought have you given to how you are going to meet that budgeted goal?

DSO 130

DSO Third Party Collections Credit and Collections Deductions 130

Know-It Global

APRIL 2, 2024

Smaller suppliers can expect improved financial stability, reduced dependency on credit, and increased confidence in conducting business with larger counterparts. At Know-it, our platform uses automation to support small businesses with their credit control process. Our mission is to simplify credit management.

Credit and Collections 104

Credit and Collections Small Businesses Credit Management 104

Collenda

APRIL 18, 2024

Aryza and Dot d igital Forge Strategic Alliance to Revolutionise Customer Experience in Credit and Debt Management Aryza Group announces its strategic partnership with Dotdigital, an all-in-one customer experience and data platform. This partnership enhances customer experience when they access credit and debt solutions.

64

64

SAP Credit Management

SEPTEMBER 12, 2023

Cloud Platforms are the current technical backbone where business solutions, procedures, data, customizations are orchestrated and implemented, utilizing API, Microservices, and so on, enabling the 360° Clean Core approach. This introduces a novel form of complexity that necessitates effective management strategies.

Process Mining 186

Process Mining Credit and Collections Transactions 186

SAP Credit Management

JANUARY 12, 2023

Oftentimes, upstream processes such as Warehouse optimization or Omnichannel initiatives get the right of way, at the expense of an overall and thorough harmonization of data flows across ERP components and platform which themselves are rapidly aging in unmanageable legacy technology stacks and tools, such as mainframe and file interfaces.

Shared Service 222

Shared Service 222

Abrigo

APRIL 25, 2024

Takeaway 3 With lower interest rates nowhere in sight, lenders need to monitor and adjust lending and underwriting strategies based on their own institution’s credit risk profile. Almost half sought credit to grow their businesses, and 28% applied to make repairs or replace capital assets.

Small Businesses 88

Small Businesses Credit Unions Credit Risk CECL 88

SAP Credit Management

JULY 20, 2023

Azure API Management secures and simplifies the SAP API integration with popular Microsoft services like Power Platform, Azure Functions, Microsoft Entra ID (formerly Azure AD) and Microsoft Sentinel to name a few. In case you favor SAP API Management on Azure, find your way to SAP Integration Suite on Azure here.

156

156

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.

Credit and Collections 130

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

Lendio

APRIL 30, 2024

Because business credit cards don’t require collateral and are easy to use and apply for, they’re a very common way for small businesses to secure a boost of funding. You can apply for some business credit cards using an EIN, although in most cases—but not all—you have to provide a personal SSN as well. EIN-only business credit cards.

Credit Card Companies 94

Credit Card Companies Dashboards Small Businesses 94

Due

APRIL 29, 2024

They come in five packages: equity liquidation options, financial wellness platforms, student loan repayment solutions, earned wage access platforms, and healthcare financing platforms. Like Multiply, they offer various services, including financial planning, wealth management, and equity planning.

Deductions 75

Deductions Small Businesses 75

Due

APRIL 3, 2024

SRS has built a robust and successful platform that will accelerate our growth with the residential professional customer while presenting future opportunities with the specialty trade pro. SRS has a 760 plus retail network that employs 2,500 individuals across 47 states. The post Home Depot snaps up SRS in $18.25

105

105

Gaviti

SEPTEMBER 6, 2023

At Gaviti, we are committed to providing you with the most cutting-edge solutions to streamline your accounts receivable management processes. We’re excited to unveil the incredible lineup of new modules and features we’ve added to our platform in the last few weeks.

Cash Applicator 98

Cash Applicator Credit Application Collector Credit and Collections 98

Abrigo

MAY 2, 2024

Introduction Small business lending for banks & credit unions Small businesses play a crucial role in our economy, and one of the key factors in their success is access to funding. This policy serves as a set of guidelines that outline the rules and expectations for the credit function within the bank or credit union.

Small Businesses 88

Small Businesses Credit Risk Credit Unions CECL 88

Collenda

MARCH 13, 2024

Aryza Decide is a standalone platform meticulously crafted to streamline lending operations, allowing organisations to effectively manage the credit risk journey in-house. Its cloud-based decision engine automates lending decisions, offering unparalleled simplicity and ease of use.

Credit Risk 52

Credit Risk 52

Gaviti

MAY 9, 2023

We are thrilled to announce the launch of our latest addition to the Gaviti accounts receivable collections platform: the Credit Management Module! At Gaviti, we understand how crucial it is for you to maintain a healthy cash flow, minimize credit risk, and ensure timely payments from your customers.

Credit and Collections 98

Credit and Collections Credit Management Dashboards Payment Portals 98

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.

Bankruptcy 52

Bankruptcy Credit and Collections Credit Management 52

Emagia

MARCH 15, 2024

Managing credit risk for B2B customers is critical for seamless order to cash (OTC) and working capital cycles. The enterprise management solutions like ERPs that are used for order to cash process don’t have inherent actionable intelligence to predict and manage future payment cycles and therefore the cash flow.

Credit Risk 52

Credit Risk Default Credit Management Credit and Collections 52

Emagia

MARCH 15, 2024

Managing credit risk for B2B customers is critical for seamless order to cash (OTC) and working capital cycles. The enterprise management solutions like ERPs that are used for order to cash process don’t have inherent actionable intelligence to predict and manage future payment cycles and therefore the cash flow.

Credit Risk 52

Credit Risk Default Credit Management Credit and Collections 52

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.

Credit and Collections 52

Credit and Collections Bankruptcy Credit Management 52

Abrigo

JUNE 23, 2023

A unified data platform helps banks organize without the headaches Abrigo Connect offers an alternative to data warehousing that lets financial institutions more easily put their data to use. Takeaway 2 Some form of data organization is a must, so financial institutions may consider alternatives like a data platform.

Credit and Collections 78

Credit and Collections Credit Risk Credit Unions Dashboards 78

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 is headquartered in Orlando, Florida.

Credit and Collections 52

Credit and Collections Bankruptcy Credit Management 52

Due

SEPTEMBER 11, 2023

Inspired by reputed Harvard courses and online educational platforms, these courses cover a wide range of topics, including budgeting, investing, retirement planning , debt management, and more. The goal is to equip learners with fundamental knowledge and skills to manage their finances effectively.

Credit Scoring 105

Credit Scoring 105

Know-It Global

MARCH 23, 2023

Welcome Clara Gobrecht, our new Customer Success Manager! Clara will be on hand to onboard new users and help businesses get the most out of the Know-it platform to help them mitigate credit risk, reduce debtor days and boost their cashflow. We’ve just introduced a brand new member to the Know-it team!

Credit Risk 98

Credit Risk 98

Know-It Global

MAY 19, 2023

The new ad campaign is now live and will run through the month of May during peak times to build their brand and educate viewers on the all-in-one credit control platform. If businesses do not keep on top of their credit control, they run a very real risk of becoming another statistic.

Credit and Collections 98

Credit and Collections Credit Risk Credit Management 98

SAP Credit Management

FEBRUARY 9, 2023

Here you can find the list of all projects: Customer Experience Analytics Vision for SAP Emarsys Customer Engagement SAP Emarsys Account Engagement – Integration between SAP Emarsys and SAP Sales Cloud Cross-channel use cases for Intelligent Selling Services for SAP Commerce Cloud Smart search capabilities for Search Service for SAP Commerce (..)

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139

Eagle Business Credit

MAY 9, 2024

Unlike large corporations, small businesses typically operate with limited resources; financial constraints and a smaller workforce mean that owners often wear multiple hats, from handling customer service to managing finances so being able to secure adequate funding to sustain and grow their operations is vital.

Small Businesses 52

Small Businesses Credit Scoring Credit Card Payments Default 52

Due

JULY 31, 2023

So, if you or your parents have credit card debt , clear it before applying for FAFSA. Can you apply for federal loans through fintech platforms? While fintech firms don’t directly get involved in the FAFSA application process, you can use their platforms to streamline your application.

Deductions 96

Deductions Credit and Collections 96

Collenda

APRIL 11, 2024

Aryza Signs Agreement with TransUnion to Revolutionize Debt Solutions in Canada Through Aryza Advize Aryza Group, a leading provider of financial software solutions, has selected TransUnion, a global information and insights company, to facilitate access to its credit reports for Aryza Advize users in Canada.

52

52

TreviPay

APRIL 18, 2024

In this video, TreviPay Managing Director of EMEA, Inez Berkof-Hollander highlights the importance of selecting the right partner to execute your global expansion strategy: Ready to conquer the global market? TreviPay, operating in 32 countries and 20 currencies, makes managing this process a breeze. Expanding across global markets?

Transactions 59

Transactions 59

Chaser

JANUARY 9, 2024

While Chaser's platform has historically centred on email and SMS reminders - contributing to over $7.6 billion in collected payments in 2023 - the landscape of credit management is evolving. In fact, the FSB has reported that delayed payments contribute to the closure of up to 50,000 UK businesses annually.

Credit and Collections 65

Credit and Collections Credit Management 65

Due

APRIL 4, 2024

We will also discuss handy tips for navigating gig platforms, which can be daunting for some older citizens. The proliferation of digital platforms and applications provided a way to connect job providers and job seekers locally, regionally, and globally. Along with the advent of such platforms and apps, the gig economy matured.

Small Businesses 105

Small Businesses 105

Gaviti

JANUARY 7, 2024

You may have already started to enjoy the benefits of using an ERP for its ability to facilitate processes related to your supply chain, inventory management and shipping and distribution. Although Netsuite collections features do help companies to manage overdue invoices, for most businesses, a number of challenges still remain.

Invoice to Cash 52

Invoice to Cash Credit and Collections Collector Deductions 52

Abrigo

OCTOBER 10, 2023

Learn what other banks are doing to manage. Recent trends highlight four critical areas that banks and credit unions can evaluate to gauge the efficiency of their loan review departments: staffing, collaboration practices, job responsibilities, and talent development.

Credit Unions 78

Credit Unions Credit Risk CECL 78

Abrigo

OCTOBER 10, 2023

Learn what other banks are doing to manage. Recent trends highlight four critical areas that banks and credit unions can evaluate to gauge the efficiency of their loan review departments: staffing, collaboration practices, job responsibilities, and talent development.

Credit Unions 78

Credit Unions Credit Risk CECL 78

Lendio

MAY 6, 2024

If you’re trying to decide whether you should accept credit card payments, it’s never been easier. This guide will help you to decide whether you should take advantage of the estimated 441 million open credit card accounts in the United States. Why accept credit cards? Why you might not be able to accept credit cards.

Credit Card Payments 98

Credit Card Payments Small Businesses Credit and Collections Transactions 98

Know-It Global

FEBRUARY 7, 2023

Know-it, the all-in-one credit management solution, has today announced a new partnership with Swoop to bring Invoice Finance-it to the cloud-based platform. Our aim is to make credit control more accessible to businesses of all sizes so we can help as many companies as possible get paid quicker and protect their cashflow.

Credit and Collections 98

Credit and Collections Credit Risk Credit Management 98

Gaviti

APRIL 8, 2024

Internally to account managers, customer success managers, heads of A/R, or any other role within your organization so that they are also aware of the issue. Please be advised that continued non-payment may result in legal action, collections, and negative impact on your credit score.

Credit and Collections 98

Credit and Collections Invoice Collections Invoice to Cash Invoice Amount 98