Interested in news about credit management? Stay up-to-date with diverse areas of credit management news by reading our blogs on topics such as order-to-cash, credit management software, financial forecasting and big data.
Robotics such as RPA and IA continue to have a major impact in financial organisations and achieving their data-driven dreams.
The future is digital and the relentless pace towards that reality is epitomised by expanding digital transformation initiatives.
COVID-19 has accelerated digital transformation across the credit industry and organisations face the challenge of making their data usable.
Organisations have been cautious and accurate financial forecasting has never been more difficult. So how can organisations best plan ahead?
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?
Want to keep customer satisfaction high within the automotive sector? A good order-to-cash and credit management process helps in your services. Even with less well-paying customers.
Human connection has proven to be a challenge during the Covid-19 pandemic, especially as 79% of finance professionals have worked from home for at least 50% of the time over this period, according to Visma | Onguard’s Fintech Barometer 2021. This disconnect has naturally extended to feelings around the wider organisation, with 54% feeling somewhat connected and 12% feeling a low level of connection to their company’s goals and ambitions.
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 financial stability in the dynamic, ever-changing automotive sector.
A CFO is the bridge of the finance department and the rest of the organisation. To be successful in this evolving role new skills must be developed. As a CFO, you no longer only check the financial lines, but you are a real strategic player within the company, driving digital transformation.
More businesses are now turning to automated order-to-cash platforms, and those that commit to cloud-based versions are additionally benefitting from seamless deployment, simpler process management and the breaking down of silos, both in terms of data and people. Alongside these internal benefits comes the ability for finance professionals to provide a more streamlined customer experience.
Individuals within a business may have identified the need for greater automation, but are struggling to win support for its integration into financial departments. The evolving role of the CFO has an important part to play in driving this innovation, easing challenges for finance professionals and building a successful business case for new technology.
Automation as a general concept has long been in existence, with ambitious organisations and individuals searching for clever ways of transforming time-consuming manual processes. While ideal in terms of efficiency, what if automation could go a step further and replic ate the human thought-process?
Intelligent Automation (IA) takes financial process automation to the next level. For the half of finance professionals not clear on how IA can assist in their organisation, it’s important to analyse its core features and explore why it’s indispensable in future-proofing business operations.
How can you speed up the accounts receivable process, while also reducing errors and improving cash flow? Read our four top tips.
As the newest innovation in finance, Intelligent Automation is one that organisations can’t afford to let pass by. It truly takes financial process automation to the next level. In addition to helping maintain a high-quality customer service, it also complements the existing skillset of finance professionals in the industry.
Bad debt can have catastrophic consequences for any business, with different industries each having their own vulnerabilities. For example, for organisations that provide machinery, vehicles and other costly assets, the threat of these going missing is a serious concern. PwC’s Global Economic Crime and Fraud Survey discovered that in 2020, 47% of companies had experienced fraud in the past 24 months, with an average of six reported per company. Undoubtedly, the threat of fraud is growing.
Data is now the lifeblood of business. Driving digital transformation initiatives across finance departments requires visibility of data assets and the right technology in place to truly harness it. Undoubtedly, data overwhelm among finance professionals is real, but how best do they overcome this feeling?
As the last year has shown, financial forecasting can be subject to unforeseen changes in circumstances that require a different strategy with little notice. This is where agility in financial forecasting is vital to ensure that businesses have the necessary resilience to prepare for the unexpected, and data is a crucial piece of the planning puzzle. With this in mind, how best can organisations plan ahead with their finances?
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.
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 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.
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.
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.
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.
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