SAP Credit Management

SEPTEMBER 4, 2023

SAP ​​Sustainability solutions delivers company-wide functionality and industry-specific features covering ESG reporting, climate action, circular economy, and social responsibility. These solutions cater to various industries and concerns, reflecting the richness of ideas from SAP Partners dedicated to the sustainability theme.

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Abrigo

DECEMBER 22, 2023

Takeaway 3 Articles specific to small community banks were among the most-read blogs, with best practices for construction lending at the top of the list. Construction loan and delinquency trends in 2023 Construction lending projections look positive according to S&P data from 2022 and 2023.

Credit Risk 88

Credit Risk Credit Unions Dashboards CECL 88

Bectran

JULY 12, 2023

Maintaining an organized credit management system and accounts receivable (AR) department is a major key to success in any B2B company, but it’s particularly so in the construction industry.

Accounts Receivable (AR) 98

Accounts Receivable (AR) Credit Management 98

Credibly

JANUARY 30, 2024

Table of Contents Just what is construction invoice factoring? The steps in factoring construction invoices Why construction companies choose invoice factoring. What can I use invoice factoring for in my construction business? What about construction receivables financing? What is construction invoice factoring?

Invoice Amount 52

Invoice Amount Invoice Collections Small Businesses 52

Abrigo

SEPTEMBER 21, 2022

Driving efficiency and reducing risk Construction loan risk management software leverages technology and sound process management to pull construction lending away from its manual roots. You might also like this webinar, "How to manage a high-performing construction loan portfolio." Construction loan risk management.

Credit Risk 78

Credit Risk 78

Know-It Global

OCTOBER 31, 2023

The UK construction industry is a sector which relies on ‘sustained periods of economic growth for it to succeed. Recent insolvency figures show UK construction firms are going insolvent at the fastest rate in over a decade. Furthermore, the construction industry is also not immune to late payment culture either.

Credit and Collections 52

Credit and Collections 52

Lendio

NOVEMBER 13, 2023

construction market is booming. In fact, analysts predict North American construction output to grow 32% by 2030. Construction business owners can capitalize on these opportunities while navigating challenges by having a smart financing plan in place. What is a construction line of credit?

Credit Scoring 52

Credit Scoring Default 52

Your Virtual Credit Manager

FEBRUARY 13, 2024

(Photo by Russ Ward on Unsplash ) In the meantime, high borrowing costs and reduced consumer spending are causing problems as illustrated by the layoffs in the tech industry. Likewise, the construction and business services industries, accounting for nearly 20 percent of insolvencies last year, are projected to remain the hardest hit in 2024.

Bankruptcy 130

Bankruptcy Credit and Collections Bad Debt Accounts Receivable (AR) 130

Know-It Global

OCTOBER 25, 2023

Overhauling manual and often time-consuming credit control processes can be the first step for construction firms to ease some of the economic pressures The UK construction industry is a sector which relies on ‘sustained periods of economic growth for it to succeed.

Credit and Collections 52

Credit and Collections 52

Know-It Global

OCTOBER 25, 2023

Overhauling manual and often time-consuming credit control processes can be the first step for construction firms to ease some of the economic pressures The UK construction industry is a sector which relies on ‘sustained periods of economic growth for it to succeed.

Credit and Collections 52

Credit and Collections 52

Know-It Global

OCTOBER 25, 2023

Overhauling manual and often time-consuming credit control processes can be the first step for construction firms to ease some of the economic pressures The UK construction industry is a sector which relies on ‘sustained periods of economic growth for it to succeed.

Credit and Collections 52

Credit and Collections 52

NorthOne

SEPTEMBER 11, 2023

In today’s digital age, it is crucial for businesses of all industries to prioritize cyber security. The construction industry is no exception, as numerous cyber threats pose significant risks to construction companies.

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NorthOne

NOVEMBER 3, 2023

In the construction business, the ability to navigate the intricate web of finances is like wielding a powerful tool. The construction industry demands thorough financial management to ensure projects are executed seamlessly and profitably. Download the book today The time to transform your construction business is now.

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NorthOne

MAY 17, 2023

Recently, we interviewed Jarod Coffman, the 21-year-old YouTube creator, Instagram construction influencer, and lead framer of Coffman Construction. Below is the transcript of our interview with Jarod: A Framer Since 14 Years Old What led you to work in the construction business? Now, I do all of our welding when we have it.

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SAP Credit Management

AUGUST 16, 2023

Introduction In various industries like oil and gas, chemical, and petrochemical, ensuring the integrity and reliability of equipment and assets is of utmost importance to prevent unexpected failures, downtime, and safety risks. Companies undertake a vital Damage Mechanism Review (DMR) process to address these concerns.

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Abrigo

OCTOBER 18, 2022

Top benefits of construction loan software for bankers and clients Why many banks and credit unions are turning to fintech for construction loan automation. You might also like this webinar, "How to manage a high-performing construction loan portfolio." Advantages of construction loan software. Five key benefits.

Credit Risk 78

Credit Risk Credit Unions 78

Loomis Sayles Credit Research

APRIL 25, 2024

About the CANDIs Once a quarter, we survey Loomis Sayles' credit research analysts to assess their bottom-up views of 30 different industries. These indices measure our analysts' assessment of the credit outlook and odds of a crisis in the industries they cover, respectively.

Credit Risk 67

Credit Risk 67

NorthOne

AUGUST 24, 2023

Estimating construction costs can be a complex and challenging task, especially for those who are new to the construction industry. Construction cost estimation involves predicting the expenses that will be incurred during a construction project. Labor costs also play a crucial role in construction cost estimation.

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Commercial Credit Group

MARCH 5, 2023

This week marks the 63 st anniversary of Women in Construction Week and CCG is celebrating all the women in this critical and essential industry.

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SAP Credit Management

AUGUST 3, 2023

By enabling machines to create, rather than merely analyze data, generative AI has opened up a realm of possibilities and applications across various industries. Use Case: Art and Design Generative AI in the art and design industry has gained immense popularity.

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Chaser

FEBRUARY 20, 2024

The construction industry is one of the pillars of any thriving economy, providing employment opportunities and contributing to economic growth. However, recent trends have shown a concerning connection between late payments and rising insolvencies within this sector.

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Due

JANUARY 2, 2024

However, having multiple investments within the same industry or sector could increase risk exposure should there be any significant changes in the market. However, they may encounter challenges in constructing a well-balanced portfolio. Significant market changes can expose investors to higher levels of risk.

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NorthOne

SEPTEMBER 10, 2023

The construction industry, like every other sector, requires adept financial management to ensure smooth operations and profitability. This article will provide a comprehensive examination of Construction Financial Management (CFM), including its definition, importance, and key components.

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SAP Credit Management

AUGUST 2, 2023

Companies in asset intensive industries such as Oil &Gas, Utilities or Chemicals are challenged by an increasing number of complex asset construction and maintenance projects. Such projects are planned and executed on multiple layers which requires multi project scheduling tools that can handle such complex project structures.

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NorthOne

SEPTEMBER 10, 2023

The construction industry is pivotal in the development of infrastructure around the world. Commercial construction projects, in particular, act as major catalysts for economic growth and societal progress. This necessitates the need for effective commercial construction management.

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Bectran

MARCH 5, 2024

The CFOs, credit managers, and departments in charge of overseeing credit in industries like manufactured products wholesale, media products distribution, food distribution, construction, and pharmaceuticals face an ever-growing challenge: maintaining the delicate balance between profit generation and risk aversion.

B2B Credit 52

B2B Credit Credit Management 52

Plooto

FEBRUARY 2, 2024

Real estate is a complicated industry, with complicated accounting needs. From international payments and purchases, to collecting rents and paying contractors for construction and renovations, the accounting needs of a modern real estate business demand powerful technological solutions.

Real Estate Companies 52

Real Estate Companies 52

Bectran

MAY 19, 2022

A lien is a legal right to claim assets in the event of default and used by lenders to secure their exposure on construction building projects and thus mitigate default risk. This solution automatically organizes and transmits contractor job information directly to lien service providers, eliminating the need for manual processing.

Credit and Collections 40

Credit and Collections Default 40

Loomis Sayles Credit Research

NOVEMBER 9, 2023

As active equity managers with an eye toward long-term business drivers of the companies we invest in, we aim to understand how technology is manifesting within global industries and sectors. Here are some of the transformative changes we have been seeing take place in the industrials, healthcare and financials sectors.

Credit Card Companies 52

Credit Card Companies 52

Abrigo

SEPTEMBER 7, 2023

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. The plaintiff is a construction company that fell victim to ACH fraud initiated by business email compromise.

Credit Unions 88

Credit Unions Transactions Default 88

Lendio

NOVEMBER 13, 2023

Find a usi In the construction industry, managing cash flow can often feel like building a skyscraper on shifting sands. Cash flow challenges can put construction companies in a precarious position when expenses exceed income. This is where construction invoice factoring comes into play.

Credit and Collections 52

Credit and Collections Credit Scoring Small Businesses 52

Skogen Capital Lending

MAY 16, 2023

Your construction business, landscaping organization, or any other industry that utilizes large trucks can add removal to your list of services. You might need veteran financing to hire a professional web builder who can construct these pages on your current site. Look into assistance from your bank to get started with this.

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Lendio

MARCH 25, 2024

What’s considered a “good” range varies across industries—restaurants average a slim 6–8 %, whereas the advertising and public relations industry averages a more generous 11–20%. The economy can also shift what’s normal for an industry—consider the hotel industry’s profit margins during the COVID recession.

Small Businesses 98

Small Businesses 98

Know-It Global

NOVEMBER 9, 2023

Press this month has focussed on the construction industry and the importance of embracing technology. Lynne talks about how solutions like Know-it can help companies drive their business forward instead of fighting fires! Know-it in the News!

Debt Collections 105

Debt Collections Credit and Collections 105

NorthOne

MAY 12, 2023

Recently, we interviewed Matt Panella, the 26-year-old YouTube star of MattBangsWood, General Manager of Panella Construction, and founder of the Support the Youth non-profit. Although my grandfather had to close his business due to various factors, my dad started his own construction company, Panella Construction, in 2016.

Bankruptcy 52

Bankruptcy Small Businesses 52

Abrigo

APRIL 25, 2024

The data below outlines SMB loan origination trends, delinquencies on SMB loans (90+ Days Past Due, or DPD), and changes in the average loan sizes for various industries. Other industries with double-digit declines in average loan size are hotel and food, retail, transport and warehousing, and construction.

Small Businesses 88

Small Businesses Credit Unions Credit Risk CECL 88

SAP Credit Management

SEPTEMBER 23, 2023

Thirdly, you’ll learn how to construct practical use cases by leveraging integration suite functionalities along with AWS capabilities. Two use-case demonstrations are included: the first showcase is on auto-stock replenishment eventing scenario and the second illustrates the Events to Business Actions Framework for Industry 4.0

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