Information Technology & Services - The Woodlands, Texas, United States
Unleash trapped cash from the SAP ‘Order to Invoice' ProcessFor many companies, the process from completing a customer order to getting the bill out remains overlooked. This means that work has been completed, but the bill is delayed in getting out to your customers. Your company is hit twice: more working capital and reduced cash flow. • Up to 35 percent of working capital in industrial companies is locked up in the billing process.• Lack of transparency, accountability, and responsiveness between the business users and departments impairs cash flow, compromises business execution and diminishes customer experience. • High customer invoice denial rates add to the cash flow leakage.How can the process be streamlined and the accuracy of the bill be increased? Improving the process requires a collaborative effort not only between the frontend and backend departments within your company but also between your company and your customers. eSource Solutions addresses inefficient billing through its pioneering SAP add-on application, GetBilled. This solution brings transparency, visibility, accountability, and efficiency to this process. It facilitates issue resolution and helps your organization complete billing cycles, with each stage defined, documented, and tracked. GetBilled assigns responsibilities, establishes KPI, and tracks performance. GetBilled reduces errors by having full documentation of customer requirements easily accessible to everyone involved from operations through billing issuance. GetBilled enables a streamlined organization with more clearly defined roles, and allows for standardized processes to drive more centralization of global billing processes and governance.
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