While fewer than 20% of strategic decisions currently leverage AI in the Dutch finance sector, this figure is projected to surge to nearly 50% within the next five years. This is according to the latest Deloitte CFO Survey, based on a sample of over 130 Dutch CFOs from various sectors.
Relatively little has changed over the past 25 years in the credit management profession. Yes, we now send e-mails and text messages instead of faxes and letters. Moreover, we have “fancy” systems and AI. However, in essence, outstanding receivables have not declined structurally within organisations, said Meri Nasole, at the first Onguard University event.
Digitalisation and vulnerability are two sides of the same coin. When we lock our doors leaving the house but skip the 2FA setup to secure our digital assets, it’s time to “act the other way around” and start learning from the younger, said Adriaan Kom, Managing Director, Onguard, in an article posted on VCMB.
The surge in popularity of ChatGPT in late 2022 has put AI in the spotlight for its potential to streamline work processes in every business, including the finance sector. How do organisations perceive and leverage AI to optimise their processes and what is the role of the finance professional in this landscape?
Earlier in 2024, we surveyed 300+ CFOs and financial professionals in the Netherlands to study how they view current technology trends and their impact on the finance sector. The research findings were shared in four different whitepapers, entitled the FinTech Baropapers. Let’s sneak a peek at the key takeaways.
She has been with Onguard for 6 years, she started as an intern to climb to an Event Manager, and she effectively shares her energy between two roles in the company! This is Denise Rossen, Event Manager, Onguard, and All-round Marketer, Outstanding24.
Organisations prefer to get paid via iDEAL (33%). Among their customers, iDEAL is also the favourite payment method (36%), according to the FinTech Barometer, the annual survey by credit management software specialist Onguard.
Following Visma’s example in 2022, Onguard is now a member of the UN Global Compact Network Netherlands, officially committing to align its operations with the Ten Principles for responsible business practices and drive awareness in the corporate world.
When he was a child, he wanted to become a pastry chef. At 21 years old, he had his own business providing IT services to small companies. And in his free time, he is a music producer! This is Jordy Zijp, team lead at the CreditManager Customer Service department.
Research by Onguard in 2024 showed that almost half of organisations in the Netherlands have to wait more than 30 days for their invoices to be paid. The findings are confirmed in a recent study by Allianz, unveiling an increase in DSO by +3 days in 2023.