Sat.Sep 02, 2023 - Fri.Sep 08, 2023

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The 7 Stages of Financial Independence

Due

There are lots of reasons why people want financial independence. Some of the most common are: Escape the rat race. It’s getting harder and harder to make ends meet working long hours at jobs you don’t like. Financial independence lets you pursue passions or choose your own work. To have more control over your life. Financial independence means you’re not dependent on your boss or the economy.

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SAP Developer Challenge – Full-Stack (SAP CAP + SAP Fiori elements)

SAP Credit Management

Welcome to the SAP Developer Community Challenge for the month of September. We will cover full-stack development with SAP Cloud Application Programming Model and SAP Fiori elements: a set of four weekly challenges encompassing front-end/client-facing and server-side/back-end development. This month’s challenge is to build a full-stack application based on the domain of tests/exams like in a school set-up.

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7 Funding & Business Resources for SMBs Affected by Hurricane Idalia

FundThrough

In the wake of Hurricane Idalia, the devastation faced by entrepreneurs is deeply felt. As business owners ourselves, the very thought of watching years of hard work being swept away overnight is heart-wrenching. Understanding the importance of rebuilding and getting back on your feet as soon as possible, we’ve compiled a few useful resources.

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ACH fraud: Lessons for AML programs from a recent court case

Abrigo

Court case: Credit union held liable for ACH fraud losses A construction company argued the financial institution "failed to establish a reasonable routine" for monitoring suspicious activity alerts tied to ACH. Learn strong approaches to identifying, evaluating, and reporting suspicious activity in this BSA Guidebook Download now Takeaway 1 A credit union was recently found liable for fraudulent ACH transactions totaling $559,000.

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The Top 16 Financial Books of All Time

Due

According to Bankrate , only 48 percent of U.S. adults have enough emergency savings to cover three months of expenses. Additionally, only 43% of U.S. adults would use their savings to pay for an unexpected emergency expense. Even worse? 36% of Americans have more credit card debt than emergency savings as of January 2023, the highest figure since 2011.

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Cloud ERP Close-Up: Transforming Finance-Led ERP and Service-Centric Industries with Cloud ERP Solutions

SAP Credit Management

Welcome to a new edition of the Cloud ERP Close-Up after a short summer break! As business complexity and pace of change rises, companies must drive rapid transformation of finance operations, monitor the business, and reduce organizational risk. Particularly fast-growing organizations have the need to follow a “post-modern ERP strategy” – which means that they differentiate between their operational and their administrative ERP capabilities.

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The Effects of Unpaid Taxes

Credit Absolute

It is not uncommon for people to have tax debt. While many want to quickly resolve the debt and move on with their lives, others choose to ignore it. Unfortunately, ignoring your tax debt does not make it go away, and it can actually negatively impact your life in a number of ways. Here are […] The post The Effects of Unpaid Taxes appeared first on Credit Absolute.

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The Pre-Retirement Checklist

Due

Planning for retirement can feel a bit like carefully threading a needle. You want to stop working young enough to enjoy your retirement while also stopping late enough that you don’t end up in a precarious financial situation. As many people get closer to retirement age, their spending habits naturally become more frugal. But that doesn’t mean you don’t need to plan for future expenses.

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Become an SAP Builder and Win an Exclusive Hoodie!

SAP Credit Management

Calling all aspiring builders! Are you ready to take your SAP skills to the next level? In the new learning journey “ Extending SAP S/4HANA with SAP Build Apps and Key User Extensibility ” you’ll discover how you can extend your SAP S/4HANA Cloud system while maintaining a clean core with minimal coding. New set of skills, new look: start learning now and get a chance to win a limited-edition SAP Builder hoodie Learning Journey Highlights : In only 4 hours of training, you’ll learn: The be

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When and how to ask for partial payments on invoices | Chaser

Chaser

According to a recent study from Barclays , 57% of SMEs are “ currently waiting on money which is tied up in unpaid invoices ,” which is likely fuelling worries relating to cash flow and prompt payment. One way this can be remedied is by requesting partial payments on invoices.

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Introducing: Cash Application, Credit Application Management, Integrated AI and Much More

Gaviti

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. These additions have been carefully crafted to address the evolving needs of businesses, ensuring you have the tools to minimize errors, maximize efficiency, and optimize your cash flow like never before.

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Retirement Planning for Late Starters: Making the Most of Your Golden Years

Due

As the old saying goes, “better late than never.” But, that’s not always true. In some cases, a missed opportunity is better than one taken precipitously or haphazardly. However, when it comes to retirement planning, starting late is most definitely better than not starting at all. Your senior years are supposed to be a time of relaxation, comfort, and peace of mind.

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Improvements Coming to the Horizon Visual Theme for SAP Fiori

SAP Credit Management

We have been listening to users about how they are getting on with the Horizon visual theme for their work – what they like, and whether there are areas for improvement. Overall, the theme is well received, looking fresh, friendly and modern – however there were some details which could be improved. As a result, we are planning to bring some improvements to Horizon soon – via UI technology patches as well as via new versions / releases.

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7 Tips for Navigating Budget Season

Accounting Department

Budgeting is a vital process that enables small and medium-sized businesses to effectively allocate resources, plan for the future, and achieve financial stability. However, navigating the budgeting process can be challenging without a clear roadmap.

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How is artificial intelligence impacting finance?

Chaser

Explore AI's transformative impact on finance, from cost savings to personalized service. Uncover the future of AI in finance.

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Back to School: Why Returning to College Could Be Your Best Retirement Move?

Due

Do you perceive retirement as an end to your long and fulfilling career? Well, for many Americans, retirement is the new beginning! How do you plan to make the most of your newfound free time and financial security? Thinking traditionally, you might be planning vacations, devoting time to your favorite hobbies, or spending memorable moments with your grandkids.

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Listening, learning, and strategizing – why I’m excited to start as product manager for SAP Fiori elements

SAP Credit Management

After performing various user experience roles at SAP over the past eight years, I decided to join the Cloud ERP team as product manager for SAP Fiori elements. This role was a great fit for me, giving me the opportunity to contribute to helping simplify the way we build apps for SAP S/4HANA while aligning with my passions and interests. In this blog post, I will share the story of why I embarked on this exciting journey into the team that is creating products like SAP Fiori elements, SAP Fiori

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5 Critical lender dashboards & reports for credit leaders

Abrigo

Adapt to a dynamic banking environment with real-time lending & credit data Lender dashboards and reports showing the lending pipeline, pricing trends, emerging risks, workflow bottlenecks, etc. help financial institutions adapt quickly to trends. You might also like this on-demand webinar, "Identifying emerging CRE risks." WATCH NOW Takeaway 1 Financial institutions create a competitive advantage when they are informed about critical factors affecting loan growth.

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Make profit your first cost

blue dot counseling

By treating profit as your first cost you turn the normal thought process on its head. The post Make profit your first cost appeared first on Blue Dot Consulting.

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AI and Retirement – How It Will Affect Your Retirement Savings

Due

Artificial Intelligence (AI) is impacting humans more than any of us realize. It’s being used by marketers to gain customer insights, by manufacturers to automate processes, and by many businesses to analyze data and improve efficiency. AI’s ability to rapidly analyze large amounts of data has also given it a huge role in the financial industry, and thus can impact your retirement savings in a variety of ways.

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Analyze Unstructured SAP Data Using Generative AI…

SAP Credit Management

Generative AI + SAP Hey Guys, Hope everyone is doing great!! This is my next step towards exploration of Generative AI and what all we can do I think this is the second topic which I have picked for learning – Training OpenAI Models on custom data and here we go hope you will like the concept and its implementation. Here I am presenting my thoughts on Generative AI You know this is the product which is touching almost everything and give value to Pace to the business / development and push

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Check fraud detection tips for AML professionals

Abrigo

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. Takeaway 2 According to the FBI, reported losses from check fraud total $1 8 billion annually. AML professionals must constantly monitor for ways this could affect their customers or members.

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UPDATE 1: SmileDirectClub Preparing for Potential Bankruptcy Filing

Reorg Blog

SmileDirectClub is preparing a potential bankruptcy filing as the teeth alignment service provider faces a liquidity shortfall.

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Contribution Margin Explained

Accounting Department

Business owners face many financial challenges, so understanding contribution margin is crucial to success. Contribution margin is an essential financial metric for any business striving to increase growth and revenue.

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Component backward search in SAP Digital Manufacturing

SAP Credit Management

Business Case With the help of the SFC Report you can analyze which components are assembled on a specific Shop Floor Control (SFC) Object. After typing in the SFC number, you can find under the section Components the corresponding information: Component Search in SFC Report Many customers however want to start their search with the component in order to identify all the SFCs and Orders which have the specific component assembled (backward search).

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Food for Thought: A Policy on Credit Exceptions

Abrigo

When and how to cite credit exceptions A policy on credit exceptions can address many factors that can lead financial institutions to diverge from loan policy and miss signs of potential trouble. You might also like these on-demand webinars on tackling common credit risk questions. WATCH Takeaway 1 Credit exceptions should be an indicator of risky behavior but are too frequently cited without real merit.

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Commercial Credit Management News August 2023

Credit Management Group UK

We hope this blog finds you well. If there is anything you would like to see more of in our round ups from more Credit Management Hints & Tips to help on E-learning webinars let us know: COMMERCIAL CREDIT MANAGEMENT Government was slow to take action on Covid 19 grant losses Business confidence in the economy remains low SMEs hit by late payments Late payment legislation fails to speed up payment practices REGULATION & COMPLIANCE Late payment legislation fails to speed up payment practic

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Can You Qualify for Long-Term Business Financing?

Eagle Business Credit

Long-term financing is a challenge for many people, but there’s some good news out there. We’re seeing a lot of inquiries where people have taken out two or three different online loans. They’ve stacked them so to speak, but they have great receivables and they are still getting good orders. Those are the types of clients where we can get them into a factoring facility, and they can very easily pay off that debt that’s a millstone around their neck.

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Modularize your CAPM Project

SAP Credit Management

Welcome back. To understand the flow completely, refer the previous blogs. As you have learned, a CAPM project consist of 3 major components. The first and foremost one is the database. The second one is the service and last the last one is UI5 application(not mandatory). Each of the above components can be created as a separate project, is the way to achieve modularization in CAPM.

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ForwardAI’s Diljot Mutti in the Spotlight in Founders Beta Top 30 Emerging Leaders Under 30

ForwardAI

We are overjoyed to share that our very own Diljot Mutti , CTO & Co-Founder of ForwardAI, has been honored as one of the Top 30 Emerging Leaders Under 30 by Founders Beta. The list shines a spotlight on individuals who are breaking barriers and reshaping the tech landscape, featuring young innovators from the MedTech to fintech sectors. Diljot oversees the development of ForwardAI’s technology, which empowers businesses and encourages smarter decision-making.

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Is This The Future of Passive Investing? JP Morgans Crazy Predictions

Due

In recent years, the investing world has witnessed a significant shift towards passive and index investing strategies , with more investors opting for low-cost, broad market exposure over active management. The S&P 500 Index, for instance, has delivered an impressive 11% annual return over the past five years. However, recent data from JP Morgan suggests that the next five years could paint a very different picture, with annualized returns potentially falling to around 5%.

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