Automating Order to Cash
Eliminate pain points
in sales
Better customer relations
Improved cash flow
Digitize all incoming documents
Paper, electronic documents and document images are all streamlined into the correct format.
Automate your papework
Improve your control, compliance and service levels.
In these days of lean, automated processes, companies supplying goods or services seldom find bottlenecks in production or distribution. But paperwork is paperwork, right? However, when a customer order is delayed because the incoming purchase order can’t be processed quickly enough, it’s time to take action.
Effective management and order entry are keys to good customer relations, since they help determine the time needed to invoice and deliver goods. Together with automation you can minimize and eliminate problems such as:
- Lost and misplaced orders.
- Data entry errors.
- Wasted time from manual sorting and filing.
- Slow invoice processing, affecting the manufacturer's cash flow.
Add to that a complete document audit trail and you have a winning concept.
Research by the Gartner Group suggests that processing a single paper order typically costs an organization US$13. So it is easy to see the potential returns on investment to be had from digitizing financial documents, including purchase orders – not just in reduced costs, but also in the ability to handle customer orders more efficiently and in shortening the order-to-cash cycle.
It is no surprise that ERP vendors such as SAP, JD Edwards, Oracle and PeopleSoft are increasingly incorporating financial document processing capabilities into their enterprise applications suites.
Automation areas
Any organization selling goods or services.