It is almost impossible to manage debtors well and efficiently without software specifically designed for the task. Good software for debtor management not only ensures faster payment of invoices but also saves time and increases efficiency for teams. It also improves customer relations.
Already got an accounting package? You should still invest in credit management software. Here’s why.
An accounting or ERP package can be used to perform many business and financial functions, but it is not nearly versatile enough to handle all facets of the credit management process or debtor management.
In iController, automatic dispute management is built into the platform by default and is part of a broader workflow within debtor and credit management. This article gives an insight into the handling of disputes in iController.
Calculating and determining your DSO is one thing, but interpreting the figure is another. There is no such thing as an ideal DSO because various factors affect the DSO.
If you really want to lift your credit management to a higher level, thorough segmentation of your customer base is a must.
Estimated reading time: 6 minutes What is credit management? Debtor management and credit management are often mentioned in the same breath. Yet, we can distinguish some differences. Whereas debtor management (or accounts receivable management) mainly focuses on the...
In recent years, the responsibility for a company’s digital activities has increasingly fallen to the CFO. In this article we discuss the points to consider when choosing these tools.
If your company is considering taking the step towards more efficient accounts receivable management, with the emphasis on automation, you are already on the right track. After all, not doing anything about automatic debtor management can cause a lot of costs, hidden or otherwise.
How do you manage accounts receivable? Still using spreadsheets? You are not alone. Many companies and organisations still revert to the old, familiar spreadsheet, especially Excel, for the follow-up of debtors.
Often abbreviated as O2C, the Order-to-Cash cycle is the complete process your business undertakes to accept an order, extend credit, deliver the goods or service, collect payments and report on the process.