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.
A company can’t survive without healthy cash flow because it’s the lifeblood of your businesses. When it slows down, it means trouble for your operations.
A company may experience negative cash flows from investing activities that may include research and development (R&D). Since this contributes to the long-term financial health of a company, it may not indicate a cash flow problem.
Your customer hasn’t paid an invoice? With a reminder that is known as a dunning letter, you encourage the debtor to pay faste
Frankort & Koning is a Dutch wholesaler of fruit and vegetables. With an annual turnover of € 250 million and serving retailers in different countries, it is a European company of some stature.
Debtor follow-up involves large outstanding debts. Amounts of 30 million or more are no exception. There is also a great diversity of clients such as retailers, wholesalers, market vendors, … Each of them requires its own approach.
Read about how iController helped Frankort and Koning to lower its credit losses and deal with the time consuming process of sending out duplicate invoices.
Efficiently setting up debtor management – the process of ensuring that customers pay their invoices – should be a priority for every business.
Customers that have difficulties paying one or more outstanding invoices can have a major impact on a company’s cash flow. Granting a payment plan can be a solution.
Going global by staying local, that’s our motto going forward now that we have joined forces with Billtrust.
Over the years iController has made the B2B collections process more streamlined, and helped companies and organisations be more efficient and get paid faster.
We are proud to announce that iController has been nominated as Trends Gazelle 2022 for the province of East Flanders in Belgium. This is the first nomination for iController.