Economic uncertainty highlights the importance of proper credit management

NJ3A6250-kopiëren

The finance professional’s role is dynamic, and the COVID-19 crisis has made it even more crucial in organisations, with an increasing involvement in (digital) strategy. Currently, the profession is once again facing a number of challenges. The turbulent economic situation is making organisations more cautious, resulting in fewer innovations and less investment. Organisations are more cautious when granting loans, for instance, and credit policies have been tightened. As a result, organisations are also facing payment delays, and this is reflected in the figures.

Onguard asked over three hundred Dutch CFOs, finance managers and finance staff how economic uncertainty is affecting their organisation’s credit management and how they are coping with the challenges involved. The results are compiled in this research report – the 2023 FinTech Barometer.

About the FinTech Barometer

Each year, Onguard surveys how Dutch finance professionals view current trends and developments: economic uncertainty and credit management. The survey is called the FinTech Barometer and is conducted for the sixth time this year. The survey involved 311 respondents working as CFOs, in finance management or as finance professionals.

Fill in the form below to start reading the whitepaper.

Related
posts

DSO in 2024

Credit manager to shift “from operation to strategy” amid AI, say 55% of finance professionals 

Organisations prefer to get paid via iDEAL (33%). Among their customers, iDEAL is also the favourite payment method (36%), according to the FinTech Barometer, the annual survey by credit management software specialist Onguard.

Onguard

FinTech Baropaper 2024: iDEAL favourite when it comes to payment methods

Organisations prefer to get paid via iDEAL (33%). Among their customers, iDEAL is also the favourite payment method (36%), according to the FinTech Barometer, the annual survey by credit management software specialist Onguard.

Fintech barometer 3

FinTech Baropaper 2024: Financial health as a priority

As many as half of organisations (47%) currently have an average Days Sales Outstanding (DSO) of more than thirty days. What is the reason why a large number of companies do not get invoices paid quickly?

X