Sat.Jul 29, 2023 - Fri.Aug 04, 2023

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Your Customer Filed for Bankruptcy: Now What?

Your Virtual Credit Manager

Even though the economic headwinds are moderating, now is not the time to become less vigilant from a customer credit perspective. Commercial bankruptcies began rising earlier this year after an unprecedented lull during the Covid crisis. Historically, bankruptcies have tended to peak after an economic crisis has passed and that appears to be what is happening now.

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Now available: ABAP Platform Trial

SAP Credit Management

Dear SAP customers and partners, dear ABAP developer community, ABAP Platform Trial 1909 is available now. ABAP Platform Trial replaces the former Developer Edition 1909. With ABAP Platform Trial 1909 we want to return to you what the ABAP developer community and many SAP customers and partners were missing for a long time: a standalone ABAP trial offering free of charge which you can use for your own educational purposes, for your own configuration and test setups and as a home for your open s

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Essential Marketing Tips for Success in the Digital Age

Due

In today’s fast-paced digital age, succeeding at marketing requires understanding the power of frequency, the art of capturing and perpetuating your message, and embracing the Stage Theory. As a seasoned speaker, author, and entrepreneur, these are my invaluable tips to help you navigate the ever-changing marketing landscape and make your brand stand out in a sea of competitors. 1.

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What Can You Do When a Bank Turns You Down for Equipment Financing?

Team Financial Group

Facing rejection from a bank for equipment financing can be disheartening and frustrating, especially when you have a solid business plan and a clear vision for your company’s growth. As a business owner, you understand the importance of acquiring the necessary equipment to enhance productivity, expand operations, and stay competitive in the market.

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6 reasons to meet Chaser at Xerocon Sydney 2023

Chaser

Xerocon Sydney is only 3 weeks away! If you’re attending, make sure you don't miss out on visiting Chaser's stand. The Chaser team is excited to be exhibiting at this year's event, which is set to take place on Wednesday, August 23rd, and Thursday, August 24th at the ICC Sydney Xerocon Sydney is an annual conference organised by Xero and stands as one of the major events in the accounting and finance industry in Australia and New Zealand.

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SAP Developer Challenge – APIs

SAP Credit Management

We have a new SAP Developer Challenge for you for the month of August. This time it is all about APIs – introducing you to the basics, revisiting some classic aspects, and having a bit of fun along the way. By the way, the July SAP Developer Challenge is still live for the next few days, and you still have time to complete the tasks. Head over to Nicolai Schoenteich ‘s blog post SAP Developer Challenge – SAP Cloud Application Programming Model for all the detail.

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CRE risk: Lessons from recent earnings reports

Abrigo

CRE credit risk is in the spotlight A structured approach to assessing commercial real estate risk helps banks and credit unions address inquiries about the health of CRE loans. You might also like this on-demand webinar, "Stress testing & CECL efficiencies." LISTEN Takeaway 1 The health of CRE loans and related credit risk is a focus of investors, board members, other stakeholders, and upcoming regulatory exams.

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Reach customers when they're most likely to pay: recommended times

Chaser

Did you know that 50% of businesses spend more than four hours per week on accounts receivables tasks? This time goes to tasks like working out which customers to chase, when, how often, and manually following up on overdue payments. In total businesses waste a predicted 56.4 million hours per year on these types of tasks, according to QuickBooks.

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Guide to : Handle Deleted Custom Fields from CFL App

SAP Credit Management

Problem Statement: You created Custom fields in CFL APP and transported the same to next landscape. Then, you deleted the fields and created new. Ideally the deletion should get captured in the transport automatically but you see it is not captured. Once you move the transport to quality, you see new fields but the old fields still sitting in quality system although you deleted them from Development system.

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Hack the FAFSA: How Fintech Can Streamline Your Financial Aid Application?

Due

Standing at the crossroads of high school and college, the key to shaping your academic journey lies in strategizing your college funding. While you desperately apply for Free Application for Federal Student Aid (FAFSA), the elusive nature of these funds makes you think of alternate funding sources. There’s no denying that FAFSA has lots of holes. As an informed student, you need to make the most of it.

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Streamlining Financial Processes: How Client Accounting Services Drive Efficiency

Accounting Department

Efficient financial processes are essential for the success and growth of any business. However, managing tasks like invoicing, payroll management, and financial reporting can be time-consuming and complex, diverting valuable resources from core operations.

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Small Business Cybersecurity Concerns

Eagle Business Credit

Cybersecurity is a huge concern for businesses of all sizes. It will only become a larger issue with many businesses turning to remote work in some capacity. This inevitably opens your small business up to more risk if you do not have IT security systems in place already. Here are some tips on addressing small business cybersecurity. Anti-Virus Cybersecurity for Small Business First of all, if you’re relying on a free anti-virus software it’s probably time you upgraded.

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Aggregations and Included Quantities

SAP Credit Management

Welcome back to our double feature about aggregating usage-based charges. In the previous blog post, we looked at configuring aggregations to enable multiple rating periods within a billing cycle to be considered during price calculation for usage-based charges. If you haven’t read it yet, get up to speed here. Today, we’ll learn how you can use business rules when defining aggregations.

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20 Ways To Effectively Communicate Financial Reports To Stakeholders

ForwardAI

Originally published on Forbes. Clear communication and insightful financial reports are pivotal for businesses and organizations to thrive. Now more than ever, stakeholders demand transparency and seek a clear understanding of a company’s financial performance, risks, and the opportunities that lie ahead. By adeptly implementing and executing strategic communication tactics, organizations can establish a meaningful snapshot of overall financial health, strengthening trust and equipping

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Is it Time for an Outsourced Bookkeeper?

Accounting Department

Some business decisions are obvious. Others can seem like 50/50 propositions that make doing nothing a good third option. Deciding what to do about your bookkeeping, fortunately, is not a dilemma when you know what to factor into your considerations. So, how can you determine whether you would be better off with outsourced bookkeeping services or continuing it onsite at this stage of your growth?

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Annual accounts – a milestone or a millstone?

blue dot counseling

Drafting your annual accounts while last year's performance is still in everyone's mind is easier than leaving it for several months and coming back to the task when the business has moved on. The post Annual accounts – a milestone or a millstone? appeared first on Blue Dot Consulting.

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Solution Order Management in SAP S/4HANA Cloud, Public Edition 2308

SAP Credit Management

This blog shares highlights on Solution Order Management in SAP S/4HANA Cloud, public edition 2308. Watch the following video to get a glimpse of the new features: Credit Checks for Solution Orders Credit checks can be performed against the payer of solution orders. When you release a solution order, you will be notified about the credit check results.

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A Big Inflation Indicator Just Came Out! The 2023 July Job Report

Due

All right, Life Goal Nation! The monthly jobs report is a crucial economic indicator closely monitored by governments, businesses, and investors. The latest report for July has drawn attention due to its potential impact on inflation. While the numbers present a favorable balance in managing inflationary pressure, they also reveal concerns about wage growth.

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How to Apply for an EIN for a Trust: All the Tips You Need

incfile

If you're fortunate enough to amass wealth and assets that you'd like to pass on to your beneficiaries, you've likely considered setting up a trust for your inheritors. A trust is an entity that holds your assets and eventually transfers them to your beneficiaries, allowing your assets to bypass the probate process. This can make the transfer of wealth quicker and simpler in most cases.

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B2B Loyalty Management and OEMs  

TreviPay

“Rewarding your clients will result in more revenue and more positive association with their buying experience.” -Boost Your Sales with a B2B Loyalty Program by Teresa Cain TreviPay uses a variety of methods when partnering with companies across the commercial equipment space to implement business programs that are designed to grow sales volume. The potential for growth is maximized by incentivizing customers to return to our merchants again and again.

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Situation Handling for SD Billing Document Not Posted to Accounting

SAP Credit Management

Are you already benefiting from the ready-to-use functionalities for Situation Handling in SAP S/4HANA Cloud to streamline your Order to Cash billing process? Billing documents that are not posted to accounting often remain unnoticed or unresolved, causing roadblocks such as: Inaccurate revenue data sales and financial reporting Increased days sales outstanding Delayed customer invoicing and revenue recognition, causing negative impact on cash flow.

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The Solution to the US Debt Spiral – Rich People Might Not Like This

Due

All right, Life Goal Nation! The United States is drowning in an astronomical debt , currently at a staggering $32.5 trillion. This issue has been in the making for the past 22 years, with governments from both parties contributing to this crisis. In light of the recent debt downgrade, one cannot help but wonder why this continuous debt accumulation has not been effectively tackled by any administration thus far.

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Sending Dunning Letters To Chase Late Payments

Know-It Global

For businesses of all sizes, sending dunning letters chasing late payments can be a frustrating and time-consuming task. However, implementing a well-crafted dunning letter strategy can greatly improve your chances of recovering overdue payments while maintaining professional relationships with your clients. In this article, we will explore the concept of dunning letters and provide you with practical tips on how to create and send them effectively.

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Ardian Private Credit Provides €160M Debt Package

Reorg Blog

Ardian Private Credit has provided a €160 million debt package to support Stirling Square's acquisition of Spanish software developer Gestion Tributaria Territorial, or GTT, from AnaCap

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Experience the Newly Designed Case List in SAP for Me

SAP Credit Management

We are pleased to announce that the ‘Case List’ function has been enhanced and went successfully live in SAP for Me. You can use it as your central inbox to manage all technical issues reported for your whole company and, if you are an SAP partner, for your end customers. You can easily view, edit, or confirm your created cases to SAP, with personalized filters and views, sorting and grouping options.

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U.S. Debt Has Downgraded?! What It Means For You!

Due

The US debt was downgraded yesterday, signaling potential problems on the horizon for the American economy. This article explores the implications of this event, how it directly affects individuals, and what it means for the broader financial landscape. To grasp the significance of the recent debt downgrade, we will delve into the US government’s spending and borrowing practices, shedding light on the nation’s future economic health.

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Mitigating Global Credit Risk: Effective Strategies for B2B Companies

Bectran

Mitigating global credit risk is a critical aspect of ensuring the resilience of B2B companies in today’s interconnected world. From economic volatility to geopolitical tensions, businesses must be prepared to navigate these challenges — and adaptable when the unexpected occurs.

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Continuum Green Tests Investor Interest for New USD Public Bond

Reorg Blog

Continuum Green Energy Ltd. has reached out to offshore fixed income investors to test water for a new USD denominated bond to refinance its outstanding $400 million 11% privately placed holdco bond due 2026 at a lower cost, two sources familiar with the development said. While the discussions are still at a very early stage, the Indian renewable power producer is contemplating a tenor of three years for the new holdco bond, the sources said.

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Navigating the Path to SAP Analytics Cloud: Re-platforming from Lumira

SAP Credit Management

Introduction In the ever-evolving realm of business intelligence, staying ahead demands embracing cutting-edge solutions. Lumira Designer, a cherished companion for over a decade, has showcased its prowess as a solo musician, weaving precise melodies of data insights. However, as we look to the future, questions arise about its long-term potential, especially with the cloud-based SAP Analytics Cloud (SAC) stepping into the spotlight.

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July 2023 Capital Markets Recap

StackSource

Director of Inbound Originations Chris Peters and Director of Capital Markets Huber Bongolan recently went live to share a comprehensive update on the current state of commercial real estate capital markets.

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The Future of Community Banks Versus Big Banks

Biz2X

Community banks and large banks offer many of the same financial products and services, including checking accounts, savings accounts, online banking, personal and business loans, debit and credit cards, ATMs, home loans, and more. However, there are several differences between the two types of financial companies. Here are some of the key ones: Community banks Typically owned by people in the communities they serve Can either be publicly or privately owned Small to medium-sized Depositors live