From Order to Cash
Order To Cash INTELLIGENT BOTS IMPROVE CASH FLOW, INCREASE WORKING CAPITAL AND CUSTOMER SATISFACTION
Order to cash (O2C) process needs to be efficient and streamlined. Without sufficient cash flow, your company can’t operate. Working capital, financial control, transparency, and compliance are all dependent on a working O2C process.
PwC found that companies are continuously working ever-harder to convert revenue into cash. Although corporate revenues were up 10% in 2018, DTPs rose to a high of 68 days. And capital expenditures as a percentage of revenues have dropped precipitously in the last five years. This implies that businesses are propping up cash flow by limiting investment. Although this might work in the short term, in the long run, this will significantly inhibit their growth potential.
The order-to-cash (OTC) process, refers to a company’s business process for the entire order processing system. It manages from your sales order right through to your customer payments. It helps define your success as a company and your relationships with customers. Optimising this process eliminates inefficiencies and can produce benefits seen throughout the entire business.
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This eBook “From order to cash” show you how to free up your cash as well as your employees to supercharge your company. To ultimately speed past your competitors you need to deploy RPA and AI to automate your order-to-cash processes.
Robotic process automation (RPA) is the simplest automation technology to deploy for O2C, and offers the highest ROI. McKinsey found that businesses could achieve returns of up to 300% in the first year of running RPA alone.