Your Virtual Credit Manager

FEBRUARY 6, 2024

After all, credit and collections is essential to the performance of your order-to-cash (O2C) process and cash conversion cycle. From processing credit applications to negotiating payment plans, each AR activity you undertake requires thoughtful consideration. Bottom line, don’t let hubris cloud your decision-making.

Credit and Collections 130

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

SAP Credit Management

SEPTEMBER 20, 2023

Below are the S/4HANA Asset Management and Operation solution/sub-module that Upstream – Midstream business: Asset Management and Operations Spare Parts and Materials Management Shutdown, Turnaround, and Outages Industrial Insights Manufacturing Planning and Operations Manufacturing Execution (Industry 4.0)

Invoice to Cash 179

Invoice to Cash 179

Gaviti

MARCH 27, 2024

As a result, they have increasingly turned to automated cash application to adapt to these challenges. What is Automated Cash Application? Traditionally, this cash application process has been 100% manual, consuming resources and leading to a high risk of human error. It is scalable. It is more accurate.

Automated Cash Application 52

Automated Cash Application Cash Applicator DSO Invoice to Cash 52

Gaviti

SEPTEMBER 6, 2023

At Gaviti, we are committed to providing you with the most cutting-edge solutions to streamline your accounts receivable management processes. With the Cash Application module, we’re eliminating these pain points and introducing a new level of accuracy and efficiency. What can Cash Application by Gaviti do?

Cash Applicator 98

Cash Applicator Credit Application Collector Credit and Collections 98

Your Virtual Credit Manager

MARCH 12, 2024

It’s critical you identify inefficiencies by analyzing cash conversion cycles, accounts receivable cycles, credit risk profiles, and payment histories. Include analyses of receivables aging and delinquency to help identify opportunities to improve cash flow. Are there past due accounts you are trying to collect?

AR Transformation 100

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

SAP Credit Management

FEBRUARY 3, 2023

We demonstrate how working capital and liquidity management solutions from SAP can help counteract recent shocks within the chemicals industry. High inventory levels to meet customer demand will threaten the free cash flow situation of many enterprises. In this way, corporations can lay the foundation for their future success.

Days Sales Outstanding 140

Days Sales Outstanding DSO 140

Your Virtual Credit Manager

SEPTEMBER 26, 2023

Your accounts receivable (AR) and cash balances as of December 31, 2023, are very important numbers. Therefore, it is important to show a healthy cash balance and a well-managed AR asset in order to display a strong liquidity position. You risk having your year-end AR balance increase, while available cash decreases.

Credit and Collections 147

Credit and Collections Accounts Receivable (AR) Deductions Collector 147

SAP Credit Management

SEPTEMBER 25, 2023

Leveraging this, I developed a prototype simulating the order-to-cash process. Prerequisites For a better understanding, some familiarity with the order to cash (O2C) process is recommended. At its core, the process aims to enhance operations and boost cash flow.

Order to Cash 173

Order to Cash 173

SAP Credit Management

JANUARY 3, 2023

The BTP lays the foundation for Application Development, Integration and a Seamless user experience. The strategy aims to provide best practice standards and insights across your processes- Lead-to-Cash, Source-to-pay, Design-to-Operate and Recruit-to-Retire. Let’s look at the Suite Qualities!

146

146

SAP Credit Management

AUGUST 2, 2023

Greetings , Flow types classify the lifecycle of cash flows, for example, it distinguishes forecasted cash flows from confirmed cash flows. Only transaction data that is assigned with flow type information can be consumed and used in Cash Management applications and are relevant to build flows into One exposure.

Transactions 110

Transactions 110

SAP Credit Management

SEPTEMBER 25, 2023

Contrarily to previous Hidden Gems blogs, this time, it’s not about a specific capability of a well-known solution, but rather about the app itself since it focuses on precisely addressing this requirement. Enter SAP Watch List Screening And here’s where I’d like to introduce you to my hidden gem today: SAP Watch List Screening.

Order to Cash 176

Order to Cash Transactions 176

SAP Credit Management

AUGUST 1, 2023

This blog post may not provide accurate solution, but it will guide you in case of some doubts. Configurations: Financial Supply Chain Management -> Cash and Liquidity Management -> Path Settings Required Cash / Liquidity Table/View Transaction code a. This blog post provide some details on: Topic Name 1.

Default 104

Default Transactions 104

SAP Credit Management

JANUARY 5, 2023

If you are looking forward to becoming a Solution Architect in SAP Customer Experience, the first recommended step would be to go through the below SAP Certification. URL: C_C4HCX_24 ( SAP Certified Application Associate – Solution Architect for Customer Experience ). Combined, these contribute to an Intelligent Enterprise.

163

163

Your Virtual Credit Manager

FEBRUARY 13, 2024

Paper checks are steadily loosing popularity as businesses migrate to electronic payment solutions such as credit cards, ACH, Zelle, Venmo, PayPal, Stripe, and Bill.com. Automate as much of the Order-to-Cash (O2C) Process as possible. Can you process new customer credit applications online? Can you send invoices electronically?

Bankruptcy 130

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

SAP Credit Management

SEPTEMBER 26, 2023

Manage KPIs and Reports app is a single platform for creating all analytical applications using KPIs, reports, multidimensional reports, and stories. User can create applications that can be launched directly from SAP Fiori launchpad. Step 1: Execute FIORI app “Manage KPIs and Reports”. In App, user have two options – KPI or Reports.

173

173

SAP Credit Management

JANUARY 12, 2023

The new ERP platform must be connected to all satellite applications. Cash/Bank management and Treasury. Wholesale Customer pricing, credit and dispute handling with integrated Sales, Billing and AR and portal solutions. Contract and Procurement streamlining with portals, freight, transportation, leasing integration.

Shared Service 222

Shared Service 222

Your Virtual Credit Manager

JANUARY 9, 2024

They are: Perform a Segmentation Analysis of Your Receivables Adjust your Credit and Collection Strategies Based on Your Analysis Streamline Your Processes and Workflows Find Solutions to Repetitive Issues To continue reading and learn the details, you will need to be a paid subscriber to Your Virtual Credit Manager.

Credit and Collections 130

Credit and Collections AR Aging Accounts Receivable (AR) Deductions 130

Emagia

FEBRUARY 2, 2024

Top line, bottom line, and cash flow – the three critical components in business – are the barometers of the health of a business, that influence its sustenance and growth. Order To Cash (OTC) is one business process that impacts all these three elements. This calls for a robust credit management system in place.

B2B Credit 52

B2B Credit Credit and Collections Credit Application Credit Management 52

Team Financial Group

AUGUST 2, 2023

However, a bank’s decision to decline your loan application should not be the end of your pursuit. Banks often have strict requirements and may reject loan applications based on factors such as limited credit history, insufficient collateral, or being a startup without an extensive financial track record.

Transactions 98

Transactions 98

Serrala

MARCH 14, 2024

Energy and utilities companies must innovate and look at how technology can increase the processing of financial data at a faster speed, whilst increasing cost efficiencies by improving timely bill payment, speedy cash application, and optimizing outbound payments.

Credit and Collections 52

Credit and Collections Automated Cash Application Cash Applicator Bad Debt 52

SAP Credit Management

AUGUST 23, 2023

The SAP GRC Products pallet is designed to function as an integrated solution, but at times, its not a simple task to locate the right tool for a specific business process or function. Additionally, some enterprises may own applications licenses which “lying on the shelf”. When potential duplicates are detected, an alert is generated.

Transactions 141

Transactions 141

Serrala

MARCH 14, 2024

Serrala helps you reduce the burden of financial management on your teams with intelligent AR, AP and payments, and treasury automation solutions that unify your business’s finances, boost decision velocity, and let you apply working capital quickly and accurately to strategic and tactical concerns. Bild What can our AR solutions do for you?

DSO 52

DSO Credit and Collections Days Sales Outstanding Invoice to Cash 52

SAP Credit Management

AUGUST 16, 2023

Yet, these roles inevitably reach a crossroads where they must choose between adding more applications or rethinking their entire IT landscape. It’s not a fun choice – but there’s no time to waste when the traditional combination of line-of-business point solutions and ERPs makes scaling operations to meet demand more daunting.

108

108

SAP Credit Management

AUGUST 14, 2023

However, many businesses face challenges in implementing automation solutions due to the requirement for skilled developers. SAP Build is designed with simplicity in mind, providing a LCNC approach to create applications and automate processes. For organizations already using SAP solutions, SAP Build is the perfect complement.

111

111

Emagia

MAY 6, 2024

Immense demand is growing on cloud based integrated solutions that are ERP-agnostic and can integrate with other enterprise grade applications seamlessly. Cash Flow Optimization Analyze payment trends, customer behavior, and historical data to forecast cash flow and identify potential liquidity gaps.

AR Metrics 52

AR Metrics Accounts Receivable (AR) Dashboards Transactions 52

Lockstep

NOVEMBER 8, 2022

Lockstep Receivables allows SYSPRO customers to manage the invoice-to-cash process through automated communication; customer-self-service, including online payment capabilities; and automated cash application. By automating a company’s collections process, cash flow is increased, and credit risk is decreased.

AR Automation 120

AR Automation Accounts Receivable (AR) Automated Cash Application Credit and Collections 120

SAP Credit Management

FEBRUARY 7, 2023

The first week will be all about introducing you to the strategy and business value of the intelligent, sustainable enterprise, the so-called suite qualities that are target characteristics of SAP’s pre-integrated business applications, and SAP’s integration methodology. Questions or feedback? Reach out via comments!

142

142

Your Virtual Credit Manager

SEPTEMBER 12, 2023

Poor receivables performance affects cash flow, and it is no secret that cash flow problems are the leading cause of business failures. As a result of credit application and order approval delays, invoices are generated later rather than sooner Billing itself can also be a problem. Neither situation helps your cash flow.

Credit and Collections 130

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

Eagle Business Credit

MAY 9, 2024

This is where alternative financing comes into play, offering a variety of solutions that are often more flexible and accessible than traditional funding methods. Merchant Cash Advances (MCA) This option provides businesses with a lump sum of capital in exchange for a portion of future sales, typically credit card transactions.

Small Businesses 52

Small Businesses Credit Scoring Credit Card Payments Default 52

SAP Credit Management

JANUARY 25, 2023

Artificial Intelligence and machine learning are often associated with enterprise-level applications. AI chatbot support – Chatbot support has plenty of applications in the procurement and supply chain business. Future proof IT solutions. This minimizes human errors and frees employees from manual and repetitive work.

155

155

Your Virtual Credit Manager

JANUARY 30, 2024

Creating more time for collection activities and being more strategic with the sequencing of those activities will also provide substantial cash flow benefits to organizations that rely on manual collection processes. For a more in depth discussion of systematic collections, click here. What do you need help with?

Credit and Collections 130

Credit and Collections Collector Accounts Receivable (AR) Days Sales Outstanding 130

Your Virtual Credit Manager

JANUARY 3, 2023

” This junk AR comes in a variety of forms, such as: Short payment/deductions Debit memos Unapplied credit memos Unapplied cash Late payment fees and other surcharges Early payment discounts taken but not deserved Clutter obscures the true amount a customer owes and causes confusion. Does You AR Portfolio Need Spring Cleaning?

AR Automation 130

AR Automation Collector Credit and Collections Bad Debt 130

Lendio

OCTOBER 26, 2023

Unsecured business line of credit An unsecured business line of credit is a flexible financing solution that your business can rely on multiple times. Aside from the options mentioned earlier, alternative financing methods can offer a practical solution for business owners in need of capital. Alternative financing options.

Small Businesses 97

Small Businesses Credit Scoring Credit and Collections Default 97

Emagia

NOVEMBER 2, 2023

Moreover, 71% of respondents intend to implement their first GenAI solution within the next two years. The Crucial Role of GenAI in Accounts Receivable (AR) Management Effective management of the Invoice-to-Cash process, particularly within accounts receivable, is paramount to an organization’s financial well-being.

Cash Applicator 52

Cash Applicator Accounts Receivable (AR) AR Automation Credit and Collections 52

Gaviti

APRIL 24, 2024

They may also be waiting for their own invoices to be paid to improve their cash flow. Select the Accounts Receivable Automation Solution for You Evaluating software is complicated. An automated solution can help you reduce your DSO and make your collections team more efficient. Consider a credit check.

Credit and Collections 52

Credit and Collections Invoice Collections Invoice to Cash Invoice Disputes 52

Emagia

NOVEMBER 21, 2023

As a longtime leader in the AI-based order-to-cash solutions industry, conferences around the world ask for Emagia representatives to appear and speak Artificial Intelligence, automation, and GenAI in finance. How can AI improve Cash App? Do Finance- or Credit-Specific Generative AI Solutions (Like ChatGPT) Exist Yet?

Days Sales Outstanding 52

Days Sales Outstanding DSO Credit and Collections B2B Credit 52

SAP Credit Management

SEPTEMBER 16, 2023

Promotions for “test/trial purchases” are primarily used for new product launches or to establish new product variations and are either offered in “trial packaging sizes,” as cash backs, or sometimes even as “giveaways”. In the next sections the most relevant SAP solutions, including their key functionalities are described.

Retail Companies 173

Retail Companies Transactions 173