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The Analysis Forums
A time of change
Can we adapt to the changing nature of credit?
Laurie Beagle Managing director, Forums International
lauriebeagle@forumsinternational.co.uk
Is Credit in the job title now dead? We are seeing more and more job titles that end in …2Cash. That can be any one of Order, Opportunity,
Acknowledgement, Enquiry 2 CASH. Just some we have seen lately. Hopefully this is a good sign for our
profession. We hope that credit professionals are now expanding their areas of
responsibility
which in some cases includes the addition of Accounts Payable. Order2Cash is a massive end to end cycle. A BIG Elephant. So, if this is the trend does that mean that
you are establishing yourselves more in the business and even joining the board? I would very much like to hear your views.
Changes O2C has prompted us to make some changes also. Since 1998 we ran the SAP User Group which has helped hundreds of companies over the years. We
have now amalgamated
The Evolution – E-invoice presentment and payment (EIPP). Lean by design – Increasing process effi ciency. Roundtable – Q & A
The power of networking Yes. At last, Face2Face meetings are coming back. We are being told that everybody is now “Zoomed Out” and that they miss the ability to network with their peers. Virtual meetings have been good but now
the Pandemic is relatively under control after two years Face2Face must come back. Some for various reasons, for example
travel distances and other commitments will still choose virtual and we understand that and will cater for them. Face2Face must be the new future
for networking.
The Ukraine-Russia confl ict has
the SAP
User Group into the Order 2 Cash Process Improvement Group. This group has a new format, discussion and solution based with case studies and covers the whole Order2Cash Cycle not just technology and includes AP. O2C PI is supported by the top vendors
in their specifi c fi elds, and they provide invaluable
knowledge
automation, AI and RPA Technology, Digitising core
solutions, Cash allocation, Online payments, O2C processes, credit, collections, including dispute management, and so on.
Next O2C Meeting 21 April – Virtual Agenda includes: Collection Strategies post COVID
March 2022
www.CCRMagazine.com of: SAP, Invoice business processes, Cloud training, outsourcing
headlines. Also, for those of you who are trading in the region you will be looking for help and guidance as to how you deal with your existing customers
taken over the
Ukraine The Ukraine-Russia confl ict has taken over the headlines. Also, for those of you who are trading in
the region you will be looking for help and guidance as to how you deal with your existing customers. The Economic impacts are
still to
be
determined in the UK but the Ukraine is a big supplier to Europe and the UK. On our website you will fi nd the resource centre to support the ‘Spotlight on Ukraine’ project with lots of news and helpful articles:
www.forumsinternational.co.uk/resources/ spotlight-on-ukraine-resource-centre/ We are holding Bi-weekly sessions called ‘Spotlight on Ukraine’. The next meeting is on the 23rd March at 2.00pm. The agenda will cover the Eff ects on
the Economy, Cybercrime and an Open Discussion. Free to attend
Spotlight Ukraine – Forums International. CCR 13 on
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