It turns out that AR is something that technology is really good at. Sorting through hundreds or thousands of invoices, and matching up data is a something of a speciality of computers – so why not let them do all the hard work for you?
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.
In this fast-moving digital world, innovations are happening all the time. Logistics and delivery systems are becoming increasingly automated with everything from robotics to self-driving vehicles. Today’s businesses will need to keep up with innovation – and this includes the O2C function.
Unless you only have a handful of clients, it’s probably not practical to build a truly personal relationship with each of them. That’s where data – and software designed to cope with large amounts of it – comes in handy.
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.
The European Commission has launched a new online tool that offers credit management professionals access to data across borders. The data available can help companies to determine whether a potential business partner is dependable.
An ambitious credit manager wants to achieve maximum results – results that are made visible through a number of measurements and metrics. Daily measurements from your credit management environment, showing the financial health of your receivables portfolio.
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.