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.
In a world that is all about efficiency, optimising your organisational structure is an essential process made possible with FSSCs.
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.
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.
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.
How can you speed up the accounts receivable process, while also reducing errors and improving cash flow? Read our four top tips.
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.
Collaboration across departments is important to get the most from credit management. But who should credit management teams collaborate with, and how?
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.
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.
How to use CreditManager alongside your existing ERP software to ensure efficient and accurate data exchange. Enrich your data with CreditManager.
Increasing productivity is not about working harder, but rather about working smarter. How do you increase employee productivity in credit management?
Leniency measures? With these practical tips, you can keep the number of days that invoices are open low, even in times of crisis.
With remote working set to continue for many finance departments, how can digital tools help bring remote teams together and ensure team efficiency during this period? Read the blog for more insights.
An Enterprise Resource Planning (ERP) system is a powerful tool for credit management and most companies, of all sizes, are now implementing ERP, according to a recent report. However, whilst an ERP system has many benefits, the majority of these systems are less innovative and flexible than specialist software. They also don’t offer the same level of personalisation and functionality. As a result, during these uncertain times, in particular, using an ERP on its own can put credit managers at a disadvantage.
Know your DSO, especially when your cash conversion cycle is the difference between survive or thrive for your business.
Andy Bass takes you through the day in the life of a Collections agent. He provides insight into Onguard’s CreditManager and how it helps users minimise their BAD – Big Aged Debt.
The more insight a company has about its customers, the better it can assess their needs – and the more informed its actions will be. Onguard interviewed over 1,000 UK finance professionals to investigate how data-driven organisations are.
How can companies mitigate vast levels of unknown risk? Finance departments play an important role here: using facts, figures and in-depth analysis to determine which risks are worth taking, which investments should be made and which should be avoided. Data is an essential part of the process.
An ineffective credit management strategy can impede a business’ growth. Therefore, it is crucial to ensure the smooth implementation of a credit management strategy. This blog lays out 5 key factors to make sure your business makes this happen.
As a credit manager, right now your biggest priority will be ensuring that your invoices are still paid so you can maintain cash flow and ensure your organisation can continue to operate. In this blog, Martin de Heus shares three tips to ensure you rise to the top of your customers’ payment lists.
Data and the insights that are derived from it offer organisations many benefits. Here are 4 important considerations for data-driven credit management.
Winning the heart of customers – that is what it is increasingly about in these days of growing competition. The arrival of entirely new players on the market is making it tougher to stand out as regards products, services or pricing, for example. Companies are expected to make the difference in another way, that is, through the customer experience.
Within the finance and accounting departments of many businesses and organisations throughout the world, reconciliation is one of the most time-consuming tasks of the day. It is viewed as an arduous task met with sighs and resistance. It is the never ending and ever-expanding work load which entails matching invoices with payments.
For truly successful credit management, you must implement the right technology, processes and policies. So, how do you ensure you get the most from credit management software and processes? We’ve highlighted some key areas to get you started.
In the current era of increased virtual and remote working, hosted or cloud software is becoming more attractive. When deciding whether to opt for an on-premise or hosted software, there are many things to consider, from cost and (remote) accessibility to management and scalability. Let’s look at each of these considerations in turn and how the two options compare.
Fill in your details below and we will contact you.
Fill in your details below and we will contact you.
Fill in your details below and we will contact you.
Fill in your details below and we will contact you.
Fill in your details below and we will contact you.
Fill in your details below and we will contact you.
