Sat.Jul 15, 2023 - Fri.Jul 21, 2023

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How to Perform Effective Credit Risk Analysis with Limited Data

Bectran

In the world of B2B credit lending, effective credit risk analysis is of utmost importance for the financial health of your business. Traditional credit risk modelling typically relies on extensive data including credit scores, financial statements and historical payment records.

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SAP University Alliances Community Meeting (UA-COM) created lasting impact

SAP Credit Management

From March 7-9, 2023, the SAP University Alliances Community Meeting brought together educators, faculty, strategic partners, industry professionals, and the SAP University Alliances team from all around the world at the SAP Headquarters in Walldorf. This event was designed to foster community collaboration, discuss SAP’s latest technological developments and teaching best practices, and align on the community’s strategy and priorities for 2023 and beyond.

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When Is Getting a Customer Financial Statement Necessary for Granting Credit?

Your Virtual Credit Manager

Photo by Campaign Creators on Unsplash Commerce between companies is facilitated by a trade credit relationship. When a supplier or vendor grants open credit terms to their business customers, both parties benefit. Access to credit in the form of open terms expedite the order fulfillment process, assuming the customer has an adequate credit limit, thereby greatly enhancing the Customer Experience (CX), while at the same time avoiding the need to deal with payments in advance, cash on delivery (C

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Documents Needed for SBA Loan

TMC Financing

What do you need to apply for an SBA 504 Loan? SBA (Small Business Administration) Loans are wonderful for small businesses looking to expand. The loans feature favorable terms, such. The post Documents Needed for SBA Loan appeared first on TMC Financing.

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10 accounts receivables KPIs you should be tracking | Chaser

Chaser

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. Understanding that you need to track accounts receivable KPIs is one thing, but knowing which key performance indicators will actively support your business is another.

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New Learning Journey: Developing with SAP Integration Suite – Gain knowledge about the SAP Integration Suite Capabilities API Management and Cloud Integration on SAP Business Technology Platform (BTP)

SAP Credit Management

Are you interested in learning how to integrate SAP and non-SAP systems with easy-to-use tools? Then this brand-new learning journey “Developing with SAP Integration Suite” is just the thing for you! You will learn how to use the tools, processes, and operations in SAP Integration Suite, and how you can create an API. Based on this, you will also be equipped with the skills to manage your set up API including Cloud Integration (Integration Flows), and you will learn how to model proc

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Set Your Money on Autopilot: How to Save with Financial Automation

Due

Financial automation could change your life financially. How come? The reason is that we face too many choices on a daily basis. With financial automation, you’ll be able to make money without even thinking about it daily, since you’re reducing your choices. Also, you’ll always be in good standing with your bills, protecting your credit score and preventing late fees.

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6 call scripts to get invoices paid over the phone | Chaser

Chaser

Countless problems plague small-medium businesses, but few are more potentially damaging to businesses' cash flow and survival than late payments. As the market leader in cloud credit control (accounts receivable) with over 7 years of experience helping SMBS tackle collections and late payments, the Chaser team found that 80% of invoices can be successfully collected on time through email chasing alone.

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Delegated User Administration Using Attribute-Based Access Control in SAP Cloud Identity Services

SAP Credit Management

Why is this feature important for you? You are an administrator at SAP Cloud Identity Services, but the standard predefined administrator roles that are offered to you, such as Manage Users or Read Users , are not flexible or fine granular enough for your user management needs and scenarios. If you are looking for a solution to that problem, then you are in the right place.

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The Ultimate Guide: How SaaS Companies Tackle Non-Payment Issues

Enterprise Recovery

As the SaaS industry experiences exponential growth, it is not surprising that non-payment issues have become a pressing concern. Non-payment creates cash flow challenges and hampers the ability to invest in product development, customer support, and overall business growth. It's imperative for SaaS companies to address non-payment issues proactively.

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What Is the Role of Annuities in Retirement Planning?

Due

If you’ve spent time developing an investment strategy, you might be familiar with the concept of annuities. While you never want every investment in your portfolio to be the same, annuities are an essential part of creating durable wealth. Annuities have become sought after as a retirement planning resource as pension plans become scarcer in the private sector.

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5 proactive credit control strategies to get invoices paid on time

Chaser

Businesses of all scales are threatened by the scale of the current late payment crisis, and repeated research shows that the situation is getting worse. A 2019 study by Xero and Paypal into SME late payments found that 48% of all invoices issued are paid late. Further research by Barclay’s in 2021 found that 58% of SMEs are usually paid late. Just a year ago, research conducted by Chaser found that 87% of businesses are typically paid after their invoice due date.

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SAP Central Finance – Mapping enablers – Part 1 of 2 – Enable Audit Log for Key Mapping

SAP Credit Management

Introduction In this two-part blog series, we dive straight into the technical details of the Central Finance Mapping enablers. As avid followers of this transformative solution, we assume that you are already well-versed in the capabilities and benefits of SAP Central Finance. If you are new to the subject and need an introduction to the wonders of Central Finance, there is a plethora of information on this website, but I can recommend this blog post from Vinay Dhamnani for a comprehensive over

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Does A/R Know When to Escalate to Collections?

Enterprise Recovery

If your business is in a situation where goods or services have been provided, but your customer has failed to pay their invoice on time, it's up to your accounts receivable team to follow up. Your A/R department, however, can only do so much to ensure that your business receives the payment it deserves and maintains a healthy cash flow. It's crucial to provide a detailed process for escalating past-due invoices beyond accounts receivable to collections.

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How to Make Money Management a Blast (or At Least a Breeze)

Due

Money management can be exhausting, intense, and stressful. But is it possible to make the experience fun? Despite the high stakes of the wealth generation world, you don’t have to sweat bullets every time you move money around. It is, indeed, possible to amp up your energy and enjoy the process a bit — at least, it’s possible if you have the right perspective, tools, and strategies in place.

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Small Business Invoice Financing

Eagle Business Credit

When small businesses are looking for cash, one overlooked option is invoice financing. This is a cash flow tool that leverages your invoices as collateral. Essentially, you turn your open receivables into immediate capital that you can use for supplies, payroll, or other business costs to support your growth. Cash flow will determine whether your business thrives or fails , and invoice financing is a debt-free method of improving your small business’ cash flow.

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Adapt UI for classic applications with Screen Personas: Integral part of the extensibility story in SAP S/4HANA Cloud, public edition

SAP Credit Management

SAP S/4HANA Cloud, public edition customers can adapt and extend standard functionality to meet the business needs of their users. Depending on the specific needs, you can choose between different options. The SAP Extensibility Explorer helps you to determine which tools to use for what purpose. According to the SAP Extensibility Explorer, key user extensibility covers the adaption of standard applications without the need for any external tools.

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Top KPIs for Manufacturing Businesses

Accounting Department

In the competitive world of manufacturing, success hinges on the ability to measure and improve crucial metrics that drive operational efficiency, quality, and profitability. Key performance indicators (KPIs) provide valuable insights into the performance of various aspects within a manufacturing company, enabling data-driven decision-making and fostering continuous improvement.

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The Ultimate Guide to Teen Entrepreneurship: 20 Small Business Ideas for High Schoolers

Due

Did you know that teenagers between 15 and 19 constitute up to 18% of all summertime hirings? While that may sound absolutely insane, there are even more youngsters who would instead like to kickstart their own business instead of working for someone else. As per a 2022 report by CNBC , more than 60% of US teens aged between 13 and 17 are more interested in entrepreneurship than a 9 to 5 job.

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P.O. Box vs. Virtual Address: Which Does Your Biz Need?

incfile

"Deliver the letter, the sooner, the better" is more than a catchy song lyric — it's a plea business owners frequently make, especially when they're waiting on important letters or documents to continue normal business operations. But choosing where and how to receive mail isn't always an easy decision. The good news is that you've got options if you're a business owner.

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SAP HANA Cloud – Graphical Calculation View (new learning journey on learning.sap.com)

SAP Credit Management

For more than a decade, many SAP solutions and scenarios without SAP HANA and its technology are no longer conceivable. These are SAP S/4HANA, SAP BW/4HANA, SAP Datasphere or SAP Analytics Cloud. One of the latest innovations affected the platform itself and was its move to the Cloud that has become SAP HANA Cloud. SAP HANA Cloud is called DaaS (Database as a Service), which combines the proven native SAP HANA capabilities such as in-memory, column-based data storage or native modeling with

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How to Deal with Collections and Negotiate Settlements for Credit Restoration

Credit Absolute

Having a good credit score is essential for financial stability and access to favorable loan terms. However, when debts go unpaid, they can end up in collections, damaging your credit profile. The good news is that you can take steps to deal with collections and negotiate settlements, paving the way for credit restoration. This article […] The post How to Deal with Collections and Negotiate Settlements for Credit Restoration appeared first on Credit Absolute.

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BREAKING: Carvana Announces Debt Exchange Agreement With Lenders Including Apollo, PIMCO, Ares; To Cut Debt by Over $1.2B, Required Interest By $430M Annually

Reorg Blog

The post BREAKING: Carvana Announces Debt Exchange Agreement With Lenders Including Apollo, PIMCO, Ares; To Cut Debt by Over $1.2B, Required Interest By $430M Annually appeared first on Reorg.

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Streamlining Debt Collection: Leveraging Technology for Success!

Eastern Credit Management Services

As a trusted Canadian Debt Collection Agency, Eastern Credit Management Services (ECMS) understands the importance of streamlining debt collection processes to maintain strong client relationships and achieve optimal results. In today’s digital age, technology plays a pivotal role in transforming and enhancing debt collection practices. In this blog post, we will explore valuable tips and suggestions on how ECMS suggests leveraging technology to your advantage and how you, as their valued

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User Research Journey in Visa Engagement

SAP Credit Management

For the purpose of this blog, I would like to provide you with User Experience insights into our recent customer engagement with Visa. However, please note that due to confidentiality agreements and the importance of protecting sensitive information, we will only be sharing partial details and examples of our User Experience Research process. Background: As part of SAP’s portfolio engagement, the Innovation Office has collaborated with VISA to create a new B2B payment solution for SAP cust

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Understanding Tesla’s Impact on the “Magnificent Seven”

Due

The stock market has witnessed significant fluctuations, especially among the big tech stocks known as the Magnificent Seven – Tesla, Nvidia, Microsoft, Google, Apple, Meta, and Amazon. Tesla’s recent 7% plunge in share price after reporting earnings has had a ripple effect on the market. This article will analyze the reasons behind Tesla’s decline and its impact on other companies within the Magnificent Seven.

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APIs Enable a ‘Single Pane of Glass’ User Experience for B2B Invoicing

TreviPay

A single pane of glass (SPOG) solution is a software portal that consolidates data from multiple sources into a single interface. SPOG solutions save users time and effort and create a more useful and engaging user experience. TreviPay’s API-based invoicing and payment solution provides enterprise organizations the ability to create a business buyer experience that weaves purchasing, invoicing and net terms management into a unified experience that drives loyalty through improved usability, visi

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The role of digitalisation in addressing affordability challenges in the energy and utility sector

Collenda

The role of digitalisation in addressing affordability challenges in the energy and utility sector Global markets are changing rapidly, and businesses are adopting new ways of operating to stay competitive. In the energy and utility sector, the cost of energy has become a major concern due to the changing global environment. Prices are increasing, putting financial pressure on both businesses and customers.

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How Sustainable Design Reduces Climate Impacts: The Sustainability Imperative

SAP Credit Management

Climate change and environmental degradation caused by human activity have become pressing global issues. The increasing demands of a growing global economy have put immense pressure on the environment, calling for a systemic response to address these challenges. One of the most critical solutions lies in sustainable design – creating products that have a reduced environmental impact and can contribute to a more sustainable future.

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20 Solutions For Companies In Financial Crisis

ForwardAI

Originally published on Forbes. In times of financial crisis, leaders must proactively seek solutions to weather the storm and emerge stronger. Proactive s teps must be taken to mitigate the impact to steer clear toward financial recovery. One crucial measure is thoroughly reviewing and analyzing their financial situation, exploring various scenarios from worst-case to best-case outcomes.

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From the CEO’s Desk: Why Embedded Finance Matters to Bank CEOs

Biz2X

From the CEO’s Desk is a new feature article series on the Biz2X business lending platform blog. Once a month our CEO, Rohit Arora, will share insights into different industry trends and more. One of the most important trends that is shaping the banking industry is embedded finance. Recently we’ve seen everyone from Apple to American Express and more start to utilize embedded finance to improve customer acquisition and customer retention.