Leniency measures? With these practical tips, you can keep the number of days that invoices are open low, even in times of crisis.
Invoicing is a crucial phase within the order-to-cash process. The process of manually creating and sending invoices has many drawbacks and can have significant repercussions. For instance, research has found that 61% of late payments are due to incorrect invoices. Meanwhile, 11% of customers never receive their invoice in the first place. Optimise your e-invoicing and save time and money.
While most businesses have the best of intentions to pay faster, economically uncertain times can get in the way, and this can have a significant impact on the receiving company’s cash flow. How do organisations ensure they get paid?
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 far have CFOs got in their digital transformation journey? Onguard conducted research to discover how UK CFOs’ view digital transformation and made an infographic about it.
Collaboration across departments is important to get the most from credit management. But who should credit management teams collaborate with and how?
Digitalisation and the emergence of new technologies are set to change the financial job market. However, how at risk are finance professionals?
How to ensure financial stability in the dynamic, ever-changing automotive sector.
What will become of finance professionals in 2020 and what technologies and trends should credit managers look out for?
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?
As 2020 approaches, digital transformation is an incredibly important step for your business. Read this blog to find out just how important it is within finance.
Digital transformation is key to organisations. Collect, analyse and share data. How do you keep an overview, what connections are necessary to keep up with the continuous change in customer needs? How do you ensure a streamlined and well-organised order-to-cash process and what role does the CFO play in this?
When adopting new software, it’s crucial that it is implemented correctly. That’s why at Onguard we believe in agile software implementation. Agile project delivery has also been found to be 28% more successful than traditional methods
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.
This blog explores which processes in the order-to-cash chain can and should be integrated, some of the technology needed to make this happen and the advantages of doing this.
The CFO’s role is evolving due to automation technologies being used in financial processes. Real-time access to data gives valuable insights.
This infographic shows you how each chain in the order-to-cash process seamlessly integrates with CreditManager. Furthermore, it highlights who our integration partners are and the main commercial benefits for you that arise from our integrations.
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.
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 Onguard’s CreditManager and the importance of a clear and organised business case.
Data: we have a lot of it, we gather more of it every day and we look for ways to get even more. But what are you actually doing with it to ensure you optimize your order to cash process?
Real-time information and reports are becoming the norm. How do finance professionals report, where do they store data and how do they use this data?
Late payments are a problem for businesses of all shapes and sizes. Here are five steps you can take in order to help you streamline your payment collection processes and improve your business.
How Robotics and AI could instigate a revolution in the finance sector A major revolution seems to be taking place within the world of finance. The introduction of new technology in the form of Robotic Process Automation (RPA) and AI looks set to overhaul the way we work. Businesses have traditionally been limited to IT […]
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.
Personalised communication modules ensure that the communication within the organisation is also smooth during the last steps in the Order to Cash process. Each contact moment is an opportunity to satisfy customers.