Order-to-cash and credit management within automotive

Order-to-cash and credit management within automotive

So much is changing in the automotive world. Electric cars, autonomous driving and a greater connection between cars, systems and drivers are impacting the entire automotive sector. Changes in mobility behaviour, digitisation and more personalised customer communication are all playing an increasingly important role in the automotive sector. It is no longer just about functional cars, but comfortable cars. The customer of today prefers convenience and excellent service. Customer loyalty can no longer be guaranteed as markets are becoming increasingly saturated with quality vehicles. These developments challenge organisations to remain distinctive and at the same time reduce costs, increase efficiency and put the customer first. So how do you ensure that customers (continue to) choose you as their automotive supplier? And how do you gain and maintain control of your customers' payment performance to protect your cash flow? To stand out as a company, you need to provide excellent service and build long-term customer relationships. This also helps ensure that your invoices are paid sooner.

Take a look under the hood

Want to see the rest of the video? Fill in the form below.

x

Take a look under the hood

Would you like to watch a video for more information or read more about the functionalities of our credit management software? Scroll down to learn more or watch the short video demo of CreditManager via the button below.

Already convinced? Make an appointment for a demo.
Process optimisation leads to higher cash flow and long-term customer relationships

Process optimisation leads to higher cash flow and long-term customer relationships

It is therefore important to organise your order-to-cash process as well as possible with your customers as the central focus. As a result, you can best organise the associated automatic workflows and credit management strategies. If the invoice is paid on time, no action is required. If not, direct customer contact is needed to find out why a payment is delayed. Maybe the email address has changed, there is a wrong description in the invoice or there are payment problems. Approach the customer via the desired channel, register the complaint and the agreements made and ensure proper communication and handling. Customers appreciate your service and will usually try to pay the invoice quickly. This not only ensures a higher cash flow, but also builds a sustainable customer relationship.

Read more about credit management in the automotive sector

How to minimise risk in the automotive order-to-cash process

How to minimise risk in the automotive order-to-cash process

Effective risk management reduces the likelihood of non-payment. For the automotive sector, where high-value payments are often due every month, being able to assure those payments will be made is essential. Read this blog to find out some of the ways you can reduce risk in your automotive order-to-cash process.
How to ensure customer retention and satisfaction and optimum cash flow within the automotive sector

How to ensure customer retention and satisfaction and optimum cash flow within the automotive sector

How can data be used effectively in the order-to-cash process. A personalised approach to communication results in optimum cash flow and high customer satisfaction. But how do you set it up?
Financial stability within automotive

Financial stability within automotive

The automotive industry is changing. Digitization, climate agreements, mobility behavior, and extensive personalization of customer communication. How do you distinguish yourself as an organization and how do you keep control of customers' payment behavior and cash flow? You can read it in our whitepaper

Our Clients

Specialist software adds value

Specialist software adds value

This is exactly where Onguard can add value. Our integrated platform offers solutions for every step of the order-to-cash process, from risk management, invoicing and payment processing, to dunning, collection procedures and, if necessary, the appointment of a bailiff. Each step leads seamlessly to the next. So, you always have an overview and know what actions you need to take that day to stay in touch with your customers and make a difference. Start with small steps, for instance your debt collection, and integrate with the other steps in the order-to-cash process when your organisation is ready. Onguard will guide you towards your success and digital transformation.
Personal communication for a better payment behavior

Personal communication for a better payment behavior

The transformation within the automotive sector is compelling the industry to review its processes, especially their financial processes. After all, altered mobility behaviour impacts risk, the customer structure and payments. It is important to have clear insights and collect data about creditworthiness, payment behaviour and the customer’s preferred method of communication. For example, one customer might prefer to receive his invoice via e-invoicing, text message or WhatsApp, while another prefers to receive it by e-mail or post. All this information helps you to segment customers; whether this is based on payment behaviour, communication channel or region. This allows for personalised communication as part of your service, involving your customer in your process and helping you to distinguish yourself as an organisation.

Bird's eye view of Visma | Onguard

> 25 years of experience
> 25
years of experience
> 750 happy customers
> 750
happy customers
15400268 invoices a year
15400268
invoices a year
> 1500 daily users
> 1500
daily users
Secure hosted in Europe
Secure
hosted in Europe
Our automotive customers

Our automotive customers

Join other leading automotive brands in optimising your order-to-cash process.
customer
customer
customer
customer
Request a Demo
Want to see one of our solutions live?

Schedule a meeting with us.


x
Want to see our risk management solution?

Fill in your details below and we will contact you.

x
Would you like to see PolicyManager live?

Fill in your details below and we will contact you.

x
Want to see our e-invoicing solution?

Fill in your details below and we will contact you.

x
Would you like to see MatchMaker live?

Fill in your details below and we will contact you.

x
Would you like to see CreditManager live?

Fill in your details below and we will contact you.

x
Would you like to see Collector live?

Fill in your details below and we will contact you.

x
Sign up for our newsletter

x