Easy management of credit insurance and risk with PolicyManager
Credit Insurance minimises risks in your order-to-cash process while supporting the continuity and growth of your organisation.With PolicyManager,our credit insurance management solution,you are proactively informed about potential risks of non-payment and debit. Gain a complete and real-time overview of customer insurance policies and see at a glance the highest risk customers and how big that risk is for your company.
Each customer has their own credit limit, and each insurance policy has the necessary rules and coverage options. How do you keep an overview of this extensive administration? PolicyManager automates and optimises credit insurance management. It provides detailed insight into credit insurance capacity, arranges the sales declaration to your credit insurer and improves the settlement of claims. Keep your administration in order and be assured of sufficient credit limits.
Further real-time insight
Integrating PolicyManager with CreditManager provides a real-time overview of the potential risks of non-payment and depreciation. The credit insurer provides PolicyManager with relevant and up-to-date data on a daily basis. Through a web service, the data is imported into CreditManager, giving a clear picture of the current insurance coverage of outstanding payments. The solution proactively informs you of standard risks; identify specific risks, conduct creditworthiness checks, monitor changes and adjust reminder procedures if necessary. Thus minimising the risks for your organisation.
Credit insurance protects businesses' accounts receivables from loss due to credit risks such as non-payment, insolvency or bankruptcy. Through our partnership with Aon, we present PolicyManager, an application specifically tailored towards handling the administration and changes that come with managing credit insurance policies. The major advantage of an integrated risk management solution is that credit managers are proactively informed about potential risks of non-payment and debit.
PolicyManager makes managing credit insurance easy, especially when you have a large number of debtors. All policy terms, deadlines and notification agreements are more transparent and accessible. This way you support the stable financial base, growth and financing possibilities of your organisation. Use PolicyManager as a stand alone solution or integrated with our other order-to-cash solutions. For more insights and information, download the free factsheet.
What is order-to-cash? Order-to-cash is the process that starts with a customer order and ends with the payment of the invoice. An organisation sells a product or service and would like to be paid in return.
It sounds simple, but it is a process that consists of many steps that all have to fit together seamlessly. Onguard has streamlined the process onto one, integrated platform ensuring your organisation efficiency and effectively control the entire process.
"We have moved from manually recorded payment arrangements to an automated process. That means that we can identify a failure to abide by the arrangement earlier, and we can therefore respond more rapidly."
Credit Management consultant
"We have realised a number of benefits since implementing CreditManager in two of our companies, with cashflow having increased by about 20%. Also, we have a high volume of clients with about 100,000 customers over the client base and the new system has enabled us to communicate with these customers as and when we want to."
Group Head of Collections
"In addition to that specialized credit management software from Onguard offers a lot of insight and provides structure, the system really thinks along with us."
"CreditManager of Onguard offers tangible relief for us. Before, we tried using software of SAP for our credit management. That system is great, but not for the volume of work that awaits us daily. For this, we need specific software packages in addition to the large ERP packages, with which we can assist our customers as quickly and as well as possible. CreditManager serves this purpose."
Peter van Eendenburg
Manager Backoffice & Collecting
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