Blogs
5 benefits of turbocharging your accounts receivable management
How can you speed up the accounts receivable process, while also reducing errors and improving cash flow? Read our four top tips.
Getting paid in a perfect storm: six benefits of an order-to-cash platform
The pandemic has created financial uncertainity for many businesses leading to a continuous rise in DSO rates and overal business debt. In such challenging times, an order-to-cash platform can be of instrumental help in getting paid.
From Excel to Excelling with Credit Management Software
Companies are looking to the future and as a result, are updating their systems and moving away from legacy systems. We are seeing a growing number of companies turning their back on Excel and alternatively bringing in new credit management systems with a focus on improving time management.
Mitigating risk with real-time credit information
Mitigating risk and the role of real-time data, how this contributes to making data-driven decisions and why it doesn’t always pay to buy cheap.
Making progress: Championing diversity in the business world
International Women’s Day is the pefect opportunity to look into the development of diversity in the business world. :ooking inwardly in the fintech industry, female representation outside of traditional job titles is still low.
Complaint handling and workflows in CreditManager
A complaint handling procedure as part of your dunning strategy is essential. The quicker a complaint is picked up and resolved, the happier the customer becomes, resulting in a faster-paid invoice.
Using CreditManager for Reporting and Monitoring
Monitoring payments and invoices and reporting on them is crucial in credit management. With our software tool CreditManager, you are able to automate monitoring and reporting. Read about some of the key benefits and features.
How to minimise risk in your order-to-cash process
In this blog, we look at our top three tips to minimise risk in your organisation’s order-to-cash process, from taking out insurance policies to implementing new technology.
Q&A 4 | Why should I switch from Excel to credit management software?
In instalment four of our Q&A series, Debbie Staat, Manager Customer Success & Support, discusses how businesses can embrace the future of credit management technology – leaving legacy systems behind and investing in new software to help streamline processes and payments.
Q&A 3 | How can I create an effective risk strategy within my order-to-cash process?
In this blog we take a look at how businesses can implement risk-reducing measures to boost the likelihood of timely payments during turbulent economic times.
The pros and cons of cloud software
In recent years, more and more businesses have begun to adopt cloud software. In this post, we look at the benefits of implementing cloud-based solutions and how their use can help businesses add value.
How to create a business case for software implementation
It is important to know how to create a successful business case to justify the expense of new software and ensure it delivers true value to an organisation. Carl Lancaster, Head of credit management at Peninsula, shares his experience with implementing Visma | Onguard’s CreditManager and the importance of a clear and organised business case.
Improve your O2C by optimising your current ERP
Order-to-cash (OTC) is a complicated process, and to do it successfully, you’re going to need a lot of different tools at your disposal. ERP in conjunction with credit management software improves cash flow.
4 ways to turbocharge accounts receivable
How can you speed up the accounts receivable process, while also reducing errors and improving cash flow? Read our four top tips.
Cash before breakfast | Why Cash Allocation is the top priority in your order-to-cash process.
Companies that have adopted advanced cash allocation systems utilizing AI, RPA and machine learning techniques can complete the daily cash allocation task within minutes or hours rather than days and sometimes weeks. This enables their allocation agents to start the day with a collections book that does not contain scheduled calls to chase overdue debt that has already been paid.
How can credit management software stimulate collaboration?
Collaboration across departments is important to get the most from credit management. But who should credit management teams collaborate with, and how?
Q&A 2 | How can credit departments help to strengthen customer relationships?
In the second installment of our new Q&A series, Cor Makkinje, Manager Professional Services, talks tactics on strengthening customer relationships to boost trust and increase retention through challenging times.
Looking ahead: 2021 Predictions and trends in the finance industry
The need to adapt to new technologies such as automation and artificial intelligence (AI) has taken on a new significance, along with a renewed focus on solution-driven technology. But exactly how crucial will these new technologies be in 2021? Onguard predicts the year ahead.
Customer segmentation: how, what, why
It is easy to underestimate the value of data you have on customers. But in fact, it is the best way of building up a solid profile of your customers that can have a major impact on credit management.
Negligence of the accounts receivable department: The case for change
Companies which invest in and digitise their accounts receivable will benefit far greater in the long run as they are prepared for whatever uncertain future lies ahead. Read this blog to see how.
How to create the right dunning strategy for your organisation
Dunning, also known as collection management, is a vital process in credit control an allows businesses to be better prepared to overcome challenges.
Checklist for your daily credit management challenges
As a finance professional your day can quickly disappear thanks to common issues and repetitive manual tasks, such as cash allocation. Leveraging technology to solve these as quickly and efficiently as possible allows you to engage in more challenging tasks. In order to set up the order-to-cash process effectively to achieve this, it is important that you follow some key steps. This infographic will help identify how you can shift focus onto maintaining strong customer relationships and ensuring the financial stability of your organisation.
Using CreditManager alongside your existing ERP software for data exchange
How to use CreditManager alongside your existing ERP software to ensure efficient and accurate data exchange. Enrich your data with CreditManager.
How to Increase Your Employees Productivity
Increasing productivity is not about working harder, but rather about working smarter. How do you increase employee productivity in credit management?
Leniency measures? This way you get invoices paid quickly
Leniency measures? With these practical tips, you can keep the number of days that invoices are open low, even in times of crisis.