ERPs are incredibly powerful tools that help a variety of business functions run more smoothly. However, specialist software is your best choice if you are looking for added functionality. The good news is that you do not have to make a choice, ERP and point solutions like OnGuard can perfectly enhance each other.
What do you do when a client doesn’t respond to an invoice? Do you send them another one with a letter very similar to the first? Even though Einstein said insanity is “doing the same thing over and over again and expecting different results”.
OnGuard and Credit Tools are combining forces and are announcing a merger. As a result, the position of the new organization as market leader in credit management software in Europe will be further strengthened.
For anyone involved in the order to cash process, late payments can be a serious problem for an organisation’s cash flow. But what can you do to manage money more effectively in your business and ensure the cash is flowing smoothly? Here are our top tips.
For both SMEs and larger firms, maintaining good cash flow can be an ongoing struggle, especially if late payments are an issue. Improved government policies are not strong enough to prevent late payments, so you need to take a more proactive approach to lowering DSO.
Credit managers deal with a variety of customers – some of whom have a good record for payment and others that have little or no regard to the agreed payment terms and conditions.
One-fifth of UK corporate insolvencies in the past year were caused by late payment or the insolvency of another company. Your business can have a great product or service and a strong team, but if problems occur with gathering payments things can quickly spiral out of control.
In order to cash management, excuses are part of the job. From “We haven’t received any invoices” to “That person is not available right now.” What are the phrases you hear every day? And more important, what are the 3 easiest ways to deal with them?