06 juil. 2011
The importance of looking for smart ways to reduce working capital and increase cash flow has increased because of the current economic situation. Not only do small companies need to change their focus in credit management, but large corporations as well. Bridgestone New Zealand Limited was convinced that the OnGuard C³ solution is the best way for them to help achieve their goals.
After acquiring Tony’s Tyres Ltd, Bridgestone was looking for a system to combine business information for the credit management department. The current system they are using is Excel dominated and they did not have timely access to vital information like customer notes and historical behavior. Because of the lack of autonomy, they have to do everything manually which prevents them from pro actively managing their credit, collections and complaints.
For Bridgestone New Zealand the choice for OnGuard was simple. They think OnGuard credit management software is a completely unique system, which can help them with major issues. Bridgestone defined a number of goals they want to achieve. These goals included a DSO reduction of 1 day and a 30% reduction in bad debt within 12 months. Having the ability to create tailored profiles and automate letters and statements was also vital. They see great future potential in OnGuard as a system they can grow into to maximise their future results.
The OnGuard C³ software will be implemented in the near future. Other divisions of Bridgestone will keep a close eye on the developments regarding credit management at Bridgestone New Zealand. There is a need for such a system so this space will be watched closely. After they have seen the instant benefits OnGuard credit management software offers the decision to increase our presence within the wider Bridgestone corporation will be a logical choice.