Credit management offers many hidden opportunities. The good news is that credit management does not have to be rocket science. Do you want to achieve faster payment of your invoices and strengthen your customer relationships? The right software will help you to enhance efficiency and gain maximum insight needed to achieve your goals.
Since a change in interest rates could affect whether or not your customers are able to pay their bills, interest rates are a risk factor that may need to be considered when extending credit or chasing up invoices.
In a bid to help the cash flow of small businesses, and reduce the number of outstanding payments across the country, some of the biggest suppliers to the UK government have committed to paying more invoices on time.
Calling your clients and confronting them with invoices that have not been paid can be hard. But in some cases we have to face the facts: the client just isn’t planning on paying anytime soon – if at all.
On Tuesday July 4th, OnGuard hosted a networking event for credit and finance professionals, along with a fascinating presentation from Greg Williams, editor of WIRED, on the future of technology.
Why people power remains essential in our high-tech world. Despite recent news stories about how robots are going to take over most jobs in the next 20 years, the majority of experts believe that people will continue to play an important role in business.
Credit professionals need to be sure to pay close attention to policy, processes, and controls to ensure the O2C is running smoothly, efficiently and in a way that ‘s compliant with all relevant regulations.
For those in the credit and collections industries, it can be a challenge to keep up with new regulations and requirements. Check out these three new bits of legislation that you’ll want to start preparing for as soon as possible: