Minimise risks to your organisation with relevant data
With every new customer, your organisation is exposed to all kind of risks, the so-called debtor risk. Are they able to pay the invoice on time? Will they uphold your payment conditions? Understanding credit risks associated with each customer is vital to protecting your business. Together with our partners, we combine credit risk data to create an accurate landscape of your customers and their payment behaviour so you may secure your company against potential risks. Control your debtor risk and reduce write-offs.
Easily manage your credit risk with comprehensive credit reports. Provide your credit department with real-time insights and information to make informed, data-driven decisions.
Integration with CreditManager
Credit risk data is imported into our debt management solution CreditManager as part of the daily import procedure. CreditManager supports real-time credit risk data from our partners through API’s. Information from our partners can be displayed as additional debtor information and can also be used as part of the CreditManager credit score formula. By monitoring possible risk threats, users can be informed pro-actively and dunning procedures can be adjusted to minimise the debtor risks.
Risk management is a crucial part of any healthy order-to-cash process. It means taking the necessary steps, using real-time data, Artificial Intelligence, and machine learning, to make informed and intelligent decisions that help you avoid unpleasant surprises and possible problems with your customers and their payments. Let Onguard assist your business in minimizing debtor risk.
Our partners in Risk Management
We work with best-of-breed partners like Altares Dun & Bradstreet, Graydon and Creditsafe to offer real-time credit risk information so that you can make the best decisions for your company. For more information about our partners, visit their partner pages.
For an overview of credit and risk management, download our factsheet. Together with our partners, we offer an integrated risk management solution that combines all the data you may need to secure your company against potential risks.
What is credit scoring?
Credit scoring is crucial for performing activities on a daily basis to get the best out of your credit rating. It shows what the payment amount is for your customer and how likely he is to pay on time.
Credit scoring is a method for evaluating and determining the creditworthiness of a customer by applying a set of rules to information collected in a database. With the help of a credit score, you as a credit manager can assess and compare customer performance in terms of quality and quantity. The credit score is a better and more meaningful measurement than a score based solely on payment performance or payment terms.
What kind of reporting is available?
Within CreditManager, our debtor management solution, a large number of reports are automatically available at the push of a button, also in real time. Whether it concerns dashboards, KPIs, performance overviews, customer data, outstanding invoices, complaints or a graphical representation of the current DSO (Days Sales Outstanding).
The credit management software also provides information about the current state of affairs. Consider, for example, the completed actions and the figures that measure the effectiveness of the current credit management policy. In addition, it is also possible to upload additional information, such as data from Dun & Bradstreet, Graydon, risks or even non-financial data. Users of the software can easily zoom in on specific customers or accounts. In addition, organisations can have the standard reports expanded as required with additional filtering options.
"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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