Given the volatility in today’s economic climate, Accounts Receivable teams will want to move away from manual credit management to a highly automated, machine learning-based platform to provide visibility, trustworthy profiles and scoring, and smart approval workflows. Now is the time to reduce exp
When managing business processes, most agree the ideal combination is Artificial Intelligence plus Human Intelligence. The Collections Process is a perfect example. This article lists 5 ways Autonomous Software is helping transport and logistics giant Uber achieve a whopping transformation in its accounts receivables.
Order to Cash (O2C) is one of the most complicated journeys in any business. It crosses so many functions it’s incredibly difficult to appoint a single person to be responsible for its end-to-end performance. Just standardizing the processes within O2C is tricky.
AstraZeneca launched Global Financial Services (GFS) in 2019. Back then there were few KPIs and very little standardization. In 2022 over 95% of Order to Cash is centralized, and more than 80% of the process is standardized.
When you think of non-trade deductions, you think of grunt work and heavy lifting. It’s not the fun part of Order to Cash. It’s a piece of O2C which is truly non-value adding.
Writing off all your deductions (which would never happen) would cost companies millions a year. So, teams of five to 10 analysts are employed to investigate small to large amounts, often working on thousands of deductions at any given time. As long as the process is manual, the company is losing out because of the high cost of activity, the high write-off threshold, and the stall in working capital.
This article looks at the numbers (some very alarming) related to manual deductions processing, and the more relaxing numbers achieved once you automate.
Order to Cash is challenging! Standardization across the business has its issues. Forcing End to End for many companies can seem impossible. Register for this webinar where Jas Khatkar, Transformation…