On Guard

OCTOBER 12, 2020

An Enterprise Resource Planning (ERP) system is a powerful tool for credit management and most companies, of all sizes, are now implementing ERP, according to a recent report. As a result, during these uncertain times, in particular, using an ERP on its own can put credit managers at a disadvantage.

Credit Management 52

Credit Management Retrieval Debtor Collections 52

CICM

AUGUST 14, 2023

To celebrate, here are 13 Best Practices in Credit Management and Collections. Have a Credit Policy Emphasise the importance your business places on managing financial risk by setting out your policies and procedures in a Credit Policy , which is made available to all staff. Be Proud Last, but definitely not least.

Credit Management 52

Credit Management Collections Creditworthiness Collections Agency 52

On Guard

MAY 24, 2023

These live data can be easily integrated into accounting or CRM platforms and help identify risk areas in terms of bad debtors. Fortunately, credit reference agencies can help identify suspicious organisations. This starts with credit management. Investing in credit management software can provide long-term savings.

Credit Management 52

Credit Management Creditworthiness Debtor Trade 52

On Guard

MAY 24, 2023

These live data can be easily integrated into accounting or CRM platforms and help identify risk areas in terms of bad debtors. Fortunately, credit reference agencies can help identify suspicious organisations. This starts with credit management. Investing in credit management software can provide long-term savings.

Credit Management 52

Credit Management Creditworthiness Debtor Trade 52

On Guard

MAY 24, 2023

These live data can be easily integrated into accounting or CRM platforms and help identify risk areas in terms of bad debtors. Fortunately, credit reference agencies can help identify suspicious organisations. This starts with credit management. Investing in credit management software can provide long-term savings.

Credit Management 52

Credit Management Creditworthiness Debtor Trade 52

On Guard

AUGUST 9, 2023

Which FinTech technologies are transforming the credit management process? Digital transformations: the future of credit management Big data & AI Expectations of big data and artificial intelligence (also known as artificial intelligence or AI) have been high for years.

Credit Management 52

Credit Management Retrieval Debtor Creditworthiness 52

Collections Law

DECEMBER 18, 2024

They relentlessly and aggressively pursue commercial debtors to help you get paid, and a credit application contract makes that a little bit easier. What is a credit application contract? Advantages of using a credit application contract There are several advantages for using a credit application contract.

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Commercial Collection Creditworthiness Credit Management Lawyers 52

Credit Management Company

SEPTEMBER 30, 2022

When individuals or businesses fall behind in payments, the situation often results in frustration and a breakdown in communication for both the debtor and the creditor. At CMC, our decades of experience have led us to develop a proven process of building professional relationships with debtors on behalf of our clients.

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Debtor Creditors Fair Debt Collection Collections 52

On Guard

JUNE 30, 2022

The findings from Visma | Onguard’s fifth annual Fintech Barometer also showed that there was a decrease in professionals using specialist credit management software, reducing from 38% in 2021 to 36% in 2022, while as many as 8% said that they didn’t use any type of program for debt management at all.

Debtor 52

Debtor Credit Management Debt Management 52

On Guard

JUNE 30, 2022

The findings from Visma | Onguard’s fifth annual Fintech Barometer also showed that there was a decrease in professionals using specialist credit management software, reducing from 38% in 2021 to 36% in 2022, while as many as 8% said that they didn’t use any type of program for debt management at all.

Debtor 52

Debtor Credit Management Debt Management 52

On Guard

JULY 5, 2022

With Excel proving to be a mainstay, there’s also been a decrease in professionals using specialist credit management software, reducing from 38% in 2021 to 36% in 2022, and almost one-in-ten (8%) said that they don’t use any type of program for debt management. Escape Excel. Free from frustrations.

Debtor 52

Debtor Credit Management Debt Management 52

AGA

MAY 23, 2023

How to Rehabilitate a Debtor and Save a Profitable Customer By David Schmidt courtesy of Your Virtual Credit Manager Business customers pay for the goods and services they purchase from other companies. Problematic customers, or debtors if you will, are much less profitable and more likely to cause a bad debt loss.

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Debtor Credit Management Collections 40

CICM

FEBRUARY 27, 2023

One of the key obstacles when keeping on top of a debtors ledger is that often, business owners are afraid of damaging long-term customer relationships. What approach can you take to keep on top of debtor ledgers? As the customer’s priority is to manage their own cashflow, they may look to exceed their payment terms if possible.

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Credit Management Debtor Creditors Debt collector 40

CICM

JULY 11, 2022

In our latest blog, the Menzies LLP Creditor Services team looks at what we should do when dealing with our aged debtor list. The post Keeping your debtor days down – A guest blog by Menzies LLP appeared first on Chartered Institute of Credit Management. Spotting the signs of trouble. Have they asked for copy invoices?

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Debtor Creditors Credit Management Collections 40

On Guard

JULY 9, 2024

Download the fintech baropaper Manual debtor management a reality for two in ten finance professionals Two in ten finance professionals (18%) do not use debtor management tools. 21 percent do already use dedicated credit management software. So as to give financial health the priority it deserves.”

Credit Management 52

Credit Management Debtor Accounts Receivables Management Collections Agency 52

On Guard

JULY 8, 2024

Download the fintech baropaper Manual debtor management a reality for two in ten finance professionals Two in ten finance professionals (18%) do not use debtor management tools. 21 percent do already use dedicated credit management software. So as to give financial health the priority it deserves.”

Credit Management 52

Credit Management Debtor Accounts Receivables Management Collections Agency 52

On Guard

FEBRUARY 23, 2021

Monitoring payments and invoices and reporting on them is crucial in credit management. Fortunately, credit management tools, such as CreditManager, have made it possible to automate monitoring and reporting and overcome all of these challenges. Using CreditManager for Reporting and Monitoring. A real-time view.

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Credit Management Debtor 52

On Guard

JANUARY 13, 2021

With Outstanding24, Visma | Onguard adds an innovative cloud solution for efficiently organising debtor management for SMEs to its portfolio. About three years ago, my associates and I found that entrepreneurs in the Netherlands regularly struggle with their processes for reminders and debtor management.

Acquisition 52

Acquisition Debtor Credit Management Debt Management 52

CICM

JULY 2, 2020

Certainly some early CICM research suggests trouble ahead, and the impact will be shared with equal pain by debtors and creditors alike. The post The only certainty is uncertainty – by Sue Chapple FCICM appeared first on Chartered Institute of Credit Management.

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Debtor Credit Management Creditors 72

On Guard

SEPTEMBER 2, 2021

The partnership includes the integration of Visma | Onguard’s software solution for credit management, within CIB. The debtor management software solution is part of Visma | Onguard’s software platform to automate and optimise the entire order-to-cash process. A win-win situation for the customer!” .

Collections 52

Collections Credit Management Debtor 52

Debt Recoveries

DECEMBER 14, 2020

Slow paying debtors means more cash is locked-up so you cannot use it to pay your own bills and staff; this is usually the biggest contributor to bad cash flow. Debtors paying sooner will create a faster flow of cash so you can reduce your borrowings, or fund growth more easily. Keep abreast of you current cash flow state of affairs.

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Debt Recovery Collection Agent Debtor Collections Agency 98

Debt Recoveries

JUNE 1, 2021

Every invoice and statement that you send out to a client or debtor should contain the exact and up-to-date information about how much they owe you, when that amount is due, and when it will be considered late. Knowledge is power, and the more you know about your debtors/customers, the more power you have. Keep Good Records.

Collections 59

Collections Debtor Debt Recovery Collections Agency 59

UK debt collections

APRIL 16, 2021

The New data supplied from cloud-based credit management platform, Know-it highlights that late payments remain an ever-present challenge for business owners. New data captured has shown that 48% of Businesses have seen an increase in late payment. Clear evidence that the pandemic is fuelling a continual problem that blights trade.

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Debtor Credit Management Trade Collections 88

On Guard

NOVEMBER 17, 2021

The result is a more effective credit management process with faster payments, less risk and more satisfied customers. The highlights are: Debtor Portal. With the new Debtor Portal , you are able to improve your customer communication. With the new Debtor Portal , you are able to improve your customer communication.

Accounts Receivables Management 52

Accounts Receivables Management Debtor Credit Management Collections 52

On Guard

JUNE 15, 2023

As part of our company’s rebranding initiative, we are strategically pivoting our attention away from order-to-cash solutions, placing a strong emphasis on credit management. Enhanced profitability, fast payments and predictable cash flow through smart credit management is what we prioritise.

Credit Management 52

Credit Management Debtor 52

On Guard

SEPTEMBER 8, 2020

The additional pressures of the Covid-19 crisis have also led over a third of finance professionals (35%) to believe that their organisation lacks the specialist software required for efficient working, with more than half (55%) still relying on programs such as Excel and Numbers for their credit management on a daily basis.

Debtor 52

Debtor Credit Management 52

On Guard

APRIL 20, 2023

Improving credit management Not always being able to work data-driven is one of the issues that finance professionals encounter in their daily work. There are also other stumbling blocks that make it difficult to improve credit management processes. This leads to decisions being made faster, better and more accurately.

Credit Management 52

Credit Management Debtor 52

On Guard

SEPTEMBER 2, 2020

According to the CICM, the most important report for any credit manager is the Aged Debt report. Create automated management reporting templates and schedule the frequency of reporting to senior management. Onguard Credit Manager is the most intuitive and easy-to-use cash collection tool on the market.

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Collection Agent Collections Credit Management Debtor 52

On Guard

MARCH 1, 2024

The credit management department have just had to grin and bear it. ‘Debtors are often fully aware of what they have to pay but if it’s not written out, the organisation has nothing to fall back on. Keep in touch with debtors ‘Strike while the iron is hot’, advises Stephan. But how can we resolve this issue?

Credit Management 52

Credit Management Debtor 52

Debt Recoveries

SEPTEMBER 19, 2022

When considering legal action, ensure that a trained and professional debt collector contacts your debtor after the debt is placed with the agency, Debt Recoveries Australia. This has proven to be a highly effective business model for credit managers in recovering seemingly unrecoverable debts. Step 1: Collecting debt .

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Debt Recovery Collections Debtor Lawyers 52

On Guard

MAY 31, 2023

Have you been curious about how debtor statuses like credit limits appear based on filter options within an administration? In the context of credit management software, an API might be used to allow the software to communicate with other financial systems or databases.

Retrieval 52

Retrieval Credit Management Financial services Debtor 52

On Guard

JANUARY 5, 2023

Have you been curious about how debtor statuses like credit limits appear based on filter options within an administration? In the context of credit management software, an API might be used to allow the software to communicate with other financial systems or databases. The benefits of APIs in credit management.

Retrieval 52

Retrieval Credit Management Financial services Debtor 52

UK debt collections

MARCH 24, 2022

A quarter of businesses (26%) say it now takes their customers more than 30 days to settle outstanding invoices, with debtors most commonly citing cashflow pressures (33%) and late payments from their own customers (28%) as their reasons for paying late.

Construction 83

Construction Banks Debtor Credit Management 83

The Kaplan Group

NOVEMBER 9, 2020

When trying to decide what the riskier or safer course of action is, we consider not only the amount of money owed, but also the specific debtor company and management, the business sector and the economy in general. Our larger clients, and those with professional credit management staff, tend to litigate when the ROI looks promising.

Collections 59

Collections Collection Agent Debtor Credit Management 59

Debt Recoveries

AUGUST 7, 2022

Indeed the best credit manager may require the assistance of a skilled debt collector at some point. Furthermore, any business or company that provides credit will require the services of a good debt collection agency, especially with a recession around the corner. . Consider using software such as Debtor Daddy or Chaser. .

Debt Recovery 52

Debt Recovery Collections Debtor Debt collector 52

Debt Recoveries

JULY 24, 2022

Dealing with non-paying customers can be extremely frustrating, as any credit manager knows. While customers will do anything to avoid paying their debts, it is more practical to hire the services of a debt collection expert to persuade debtors to make payments. . disposal to track down evading debtors.

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Collections Debt collector Debtor Collections Agency 40

On Guard

FEBRUARY 17, 2022

Not every professional involved in credit management has sufficient insight into a customer’s profile. In the unlikely event that there is an excessive payment risk, credit insurance is not an unnecessary luxury. However, it’s worth noting that credit insurers grant each debtor a different, usually limited, limit.

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Creditworthiness Credit Management Collections Agency Collection Agencies 52