How can order to cash automation boost business performance?

What is the Order to Cash cycle?

The order to cash process encompasses the financial and business processes that link buyers and suppliers when they work together. It starts when buyers and suppliers connect to transact business and ends with the financial processes that close the deal.

Why automate the order to cash cycle?

Staff in different business functions, such as contracting, accounts receivable, credit and risk management use their own tools and data, which can lead to slower processes and inaccurate data. You can use automated order to cash processes to create competitive advantage by speeding up business and empowering your financial team’s decision-making.

Advantages of order to cash automation offers a single platform to manage your entire order to cash cycle. Automating your processes through our platform can bring direct advantages to your business. These will help you to quickly and efficiently achieve a number of significant business goals. These include:

  • Making it easier for customers to conduct business with you, resulting in an improved level of service
  • Using risk ratings and other data to quickly determine whether to do or grow business with your buyers
  • Fast-tracking the signing of financial documents to start new work, onboard new employees, or process leases and other agreements
  • Automating invoicing for faster, more accurate processing and payment
  • Increasing your cash flow and overall revenues
  • Increasing efficiency with targeted operational improvement programs

The Order2Cash platform can help you achieve all of these objectives – and more. You’ll acquire an enterprise view of your processes and gain easy access to accurate, real-time data and tools for evaluating risk.

Read our Factsheet

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