Your Virtual Credit Manager

MARCH 12, 2024

In B2B commerce, payment systems often rely on manual processes — think paper invoices and checks. As a result, trade credit, where businesses extend financing to customers, is undergoing rapid advancements, but it also poses high risks, especially in assessing creditworthiness, dealing with economic fluctuations, and fraud.

AR Transformation 100

AR Transformation Credit and Collections Accounts Receivable (AR) Order to Cash 100

Emagia

MAY 8, 2024

“One of the most critical functions in finance, AP depicts money that a company owes to vendors for services or products that it purchased on credit, appearing on the balance sheet as a liability. But doing them manually can lead to data entry errors, fraud, double payments, duplicate invoices, and slow processing.”

Invoice Amount 52

Invoice Amount Transactions 52

Your Virtual Credit Manager

NOVEMBER 28, 2023

Whether you have automated AP or not, you’ll need to generate a comprehensive listing of all vendor invoices with their amounts and due dates, which you can then sum up into weekly or monthly payment forecasts. Other common inflows may involve rent you charge, royalties, and financing, all of which are easy to forecast.

Cash Forecasting 130

Cash Forecasting Credit and Collections Accounts Receivable (AR) Invoice Disputes 130

lsq

APRIL 17, 2024

April 17, 2024) – LSQ, a leading provider of working capital finance and payments solutions, recently originated a $15 million invoice finance facility for a Florida-based distributor of cellular phones and other personal electronic devices. ORLANDO, Fla. LSQ is headquartered in Orlando, Florida. Learn more at www.lsq.com.

Credit and Collections 52

Credit and Collections Bankruptcy 52

lsq

APRIL 16, 2024

April 16, 2024) – LSQ, a leading provider of working capital finance and payments solutions, recently originated a $25 million invoice finance facility for the U.S. LSQ was able to create the $25 million invoice facility in approximately 60 days from the initial introduction. “LSQ’s ORLANDO, Fla.

Credit and Collections 52

Credit and Collections Bankruptcy 52

SAP Credit Management

AUGUST 3, 2023

The integration of SAP Subscription Billing with S/4HANA Cloud, public edition (in the following referred to as S/4HANA Cloud) enables you to support subscription-based business models linked to a powerful Finance solution. In this blog we want to focus on the integration with Sales Billing with the special focus on Finance.

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Revenue Recognition Invoice Amount Transactions 157

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. LSQ is headquartered in Orlando, Florida.

Bankruptcy 52

Bankruptcy Credit and Collections Credit Management 52

Your Virtual Credit Manager

MAY 9, 2023

A StrategicCFO360 survey from November 2022 of senior finance managers revealed they expect 42% of customers to have reduced liquidity and 43% will pay suppliers late. for every month they are paid after the invoice date. You will also need to account for a certain level of disputed invoices.

Cash Forecasting 130

Cash Forecasting Accounts Receivable (AR) Invoice Disputes Credit and Collections 130

Gaviti

JANUARY 7, 2024

As your business and finance team expands, your business may have a need to connect data from different departments and sources within your company. Although Netsuite collections features do help companies to manage overdue invoices, for most businesses, a number of challenges still remain. They include: Inefficient manual processes.

Invoice to Cash 52

Invoice to Cash Credit and Collections Collector Deductions 52

lsq

APRIL 30, 2024

“Accelerating payment on their receivables with an invoice finance facility is a great way to counter those terms and mitigate some of the seasonal ebb and flow while allowing for unlimited growth.” About LSQ | lsq.com LSQ is a market leader and pioneer in working capital finance and payments solutions.

Credit and Collections 52

Credit and Collections Bankruptcy Credit Management 52

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

SAP Credit Management

AUGUST 24, 2023

Relevant for SAP S/4HANA Cloud, public edition release 2308 Introduction & Scope of this blog The objective of this blog is to provide an introduction and a starting point to the topic of electronic invoicing in SAP S/4HANA Cloud public edition. This blog is concerned with electronic invoices to fulfil local legal requirements.

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Default Invoice Amount 151

TreviPay

DECEMBER 1, 2023

Delivering financing services to business-to-business (B2B) customers can make a big difference to a company’s growth. This is why, in the world of B2B eCommerce , embedded finance is not just a value-added service for most companies. What is embedded finance? They are suitable for just about every business.

Credit and Collections 52

Credit and Collections Transactions Order to Cash Default 52

Credibly

FEBRUARY 2, 2024

What are the two top sources of financing for small businesses? Then, there are two main types of outside funding: Equity financing: This is when you get money in return for a share in your business. Debt financing: This means taking a loan. GoGetFunding (The platform fee is only 4%—lower than some other options.)

Invoice Amount 52

Invoice Amount Credit Scoring Credit and Collections Small Businesses 52

Lendio

DECEMBER 13, 2023

Here are five quick business loans and other financing structures that provide fast approval times, as well as quick funding. The terms and repayment structures vary for each type of loan or financing, so take a look to see which might be the best option for your company. Types of fast business loans. time in business Min.

Credit Scoring 98

Credit Scoring Credit and Collections Small Businesses 98

SAP Credit Management

JANUARY 26, 2023

Intelligent Situation Automation is an extension of Situation Handling on the SAP Business Technology Platform that allows you to analyze situation data and process situations automatically using business rules. We are continuously adding new microlearnings to the SAP S/4HANA channel , so make sure you check them out.

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Emagia

NOVEMBER 28, 2023

More than 80% of new finance roles by 2025 will extend beyond traditional accounting underscores the transformative trajectory, according to research by Gartner. Complex and time-intensive functions often spearhead automation initiatives in finance. Autonomous finance elevates the role of finance in ensuring overall business health.

Accounts Receivable (AR) 64

Accounts Receivable (AR) Bad Debt Order to Cash 64

Collenda

DECEMBER 14, 2023

Getting paid what you are owed when you are owed allows you to better manage your company’s finances and plan for the future. As with many areas of business, the finance industry is undergoing a transformation due to the growing use of AI, machine learning, and the advancement of technological platforms.

Debt Collections 90

Debt Collections Collections Automation Transactions 90

TreviPay

OCTOBER 18, 2023

TreviPay’s composable technology platform enables banks around the world to deliver automated accounts receivable, underwriting and trade credit management solutions to their large commercial clients. TreviPay’s platform presents banks with the opportunity to deploy capital in this market using an API-based and tech-first approach.

Credit and Collections 59

Credit and Collections DSO Credit Management Transactions 59

SAP Credit Management

JULY 27, 2023

I would like to mention two interesting bots here: Aging Analysis of Supplier Invoices with Pay-When-Paid Terms : This bot generates an aging report of supplier invoices with pay-when-paid terms that are outstanding but still blocked for payment. The bot then calculates the age in days of the matching supplier invoices.

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Emagia

MAY 1, 2024

In the debut episode of the Emagia AI For Finance podcast series, Schmidt spoke about the growing role (and present) of automated collections and predictive analytics, among other autonomous finance and AI-fueled processes, as businesses recognize the transformative potential of AI. Read eBook FAQs What is Generative AI?

Order to Cash 52

Order to Cash Cash Forecasting Credit and Collections Shared Service Center 52

Know-It Global

FEBRUARY 26, 2024

We are excited to announce our first platform update of 2024! Sage 50 is a desktop accounting software with cloud connectivity that enables businesses to have a complete view of their business finances and inventory. Know-it now integrates with Sage 50.

Credit and Collections 52

Credit and Collections Credit Risk Credit Management 52

lsq

APRIL 9, 2024

Qwil is LSQ’s early-payment embedded finance solution for staffing suppliers. Suppliers in eligible programs can get paid as soon as invoices are approved, regardless of original payment terms. “As ORLANDO, Fla. Staffing suppliers that choose to enroll with Qwil continue to work in the program with TAPFIN as usual but are paid by Qwil.

Credit and Collections 52

Credit and Collections 52

lsq

APRIL 9, 2024

Qwil is LSQ’s early-payment embedded finance solution for staffing suppliers. Suppliers in eligible programs can get paid as soon as invoices are approved, regardless of original payment terms. “As ORLANDO, Fla. Staffing suppliers that choose to enroll with Qwil continue to work in the program with TAPFIN as usual but are paid by Qwil.

Credit and Collections 52

Credit and Collections 52

lsq

JANUARY 10, 2023

New partnership will help improve liquidity and build resilient, sustainable, and diverse supply chains using artificial intelligence and trade finance solutions. Calculum brings the data insights via AI analytics and LSQ the execution platform and liquidity options.” . MIAMI and ORLANDO, Fla. About LSQ | lsq.com.

Credit and Collections 98

Credit and Collections 98

lsq

MARCH 19, 2024

March 19, 2024) – LSQ, a leading provider of working capital finance and payments solutions, recently originated twin $2 million invoice finance facilities for sister companies serving the electric utility industry. There is no way for us to do this without a tool like this (an LSQ invoice finance facility) in our toolbox.”

Credit and Collections 52

Credit and Collections Bankruptcy 52

Gaviti

FEBRUARY 18, 2024

L ate invoice payments have the potential to create a snowball effect for your business that you want to avoid at all costs. If late invoice payments cause you to miss loan repayments, it can impact your credit, and, if it continues, can land you in court. They don’t receive a reminder prior to the invoice due date to make a payment.

Credit and Collections 52

Credit and Collections Deductions Collector DSO 52

Gaviti

FEBRUARY 18, 2024

L ate invoice payments have the potential to create a snowball effect for your business that you want to avoid at all costs. If late invoice payments cause you to miss loan repayments, it can impact your credit, and, if it continues, can land you in court. They don’t receive a reminder prior to the invoice due date to make a payment.

Credit and Collections 52

Credit and Collections Deductions Collector DSO 52

Know-It Global

JUNE 22, 2023

ONE OF Scotland’s fastest growing fintechs, Know-It, has unveiled a new service in its cloud-based credit management platform designed to revolutionise the accounting industry. This helps prevent late payments and unpaid invoices, which is extremely harmful to cash flow and a business’ financial health. How to schedule a Demo?

Credit Management 52

Credit Management Credit and Collections Bankruptcy Credit Risk 52

Lendio

DECEMBER 14, 2022

If you’re looking for financing to get your startup off the ground, the good news is that there are numerous ways to get funded. Yet entrepreneurs with low credit scores or those who prefer to avoid a credit check for other reasons often find the most success with invoice factoring, ACH loans, or business lines of credit.

Credit Scoring 98

Credit Scoring Credit and Collections Credit Reporting Agencies Small Businesses 98

lsq

SEPTEMBER 19, 2023

(September 19, 2023) – LSQ , a leading provider of working capital finance and payments solutions, and Randstad Sourceright today announced that Qwil, LSQ’s embedded finance platform for staffing suppliers, will be offering an early-payment solution for Randstad Sourceright suppliers. Learn more at www.lsq.com.

Credit and Collections 52

Credit and Collections Transactions 52

Know-It Global

AUGUST 18, 2023

Scottish fintech Know-it is no exception, as they have announced the launch of their cloud-based credit management platform in Australia for 2024. Our platform, is the first of its kind, enables companies to perform credit checks, automate payment chasing, collect overdue invoices, and more in one place.

Credit and Collections 52

Credit and Collections Credit Management Credit Risk 52

Know-It Global

APRIL 13, 2023

Typical payment terms are usually 30 days and must be included on your invoice. Did you know you can legally charge late payment interest, compensation and debt recovery costs on your overdue invoices? 93% success rate recovering overdue invoices. See the full platform in action! 5 Star Trustpilot rating. No win, no fee.

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Credit and Collections Days Sales Outstanding Credit Scoring DSO 97

TreviPay

AUGUST 30, 2023

Our platform capitalizes on technology that provides choice and convenience to buyers with world-class automation capabilities to cultivate loyalty and efficiency at all interactions — a true omnichannel solution. Because the B2B payments flow tends to have multiple stakeholders and numerous layers of infrastructure, it’s a complex process.

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Credit and Collections B2B Credit Bad Debt Transactions 52

Emagia

MARCH 15, 2024

Businesses that follow traditional reactive strategies in OTC processes may find it difficult to collect at-risk future invoices, likely leading to large invoices going delinquent. Managing credit risk for B2B customers is critical for seamless order to cash (OTC) and working capital cycles.

Credit Risk 52

Credit Risk Default Credit Management Credit and Collections 52

Emagia

MARCH 15, 2024

Businesses that follow traditional reactive strategies in OTC processes may find it difficult to collect at-risk future invoices, likely leading to large invoices going delinquent. Managing credit risk for B2B customers is critical for seamless order to cash (OTC) and working capital cycles.

Credit Risk 52

Credit Risk Default Credit Management Credit and Collections 52

Gaviti

DECEMBER 3, 2023

The Significance of Humanizing Dispute Management As your company grows and your collections team is faced with increasing numbers of outstanding or overdue invoices, listening to the same disputes repeatedly can become monotonous. For example, if a customer disputes the amount of the invoice, it could be due to a number of factors.

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Collector Invoice to Cash Invoice Disputes Invoice Amount 52