Businesses nowadays are expecting end-to-end solutions for all working capital utilization and not only discussing payments, receivables, and assets but also about the whole business operations.
Order to Cash has overtaken accounts receivable for the cash process. Companies want solutions that elevate cost reductions to greater effects.
Implementing automation may be a difficult process. Indeed, it frequently might be hard to find your financial function with the correct SAP order-to-cash (O2C) automation approach. One of the most crucial components of a company’s financial operations is working capital. Companies must find more effective ways to handle working capital strategies, including accounts receivable (1), accounts payable, and inventory. Businesses must look at the global picture to handle these assessments rather than focusing on complaints and receivables.
With increasing demands from the company and customers, companies must use the modern technology and analytical tools available to improve their order to cash processes. Companies face the following persistent challenges.
Process Transparency
Cash visibility & Forecasting one of the top priorities for any organization.
Relevant Data
Companies need real-time data across the enterprise to reduce risk factors continuously.
Proactive management
Business model agility is necessary for Sustainability and Business must ensure Transparency, security, control & Payment operations at a lower cost.
Solution Portfolio Strategy
As part of the SAP solutions, has invested substantially in the extensive management of treasury and working assets. The whole portfolio can be integrated into a single ERP using this solution.
Based on S/4 HANA and the Business Technology Platform, customers may engage in centralized IT and data support. This provides an efficient connection to the ecosystem of treasury management. The comprehensive solution for treasury management
- Extensive visibility and insights
- Multiple data points analyzed on-the-go
- Exceptional management
- Stakeholder collaboration
- Intelligent automation procedures
- Straight-through processing
- Automated processes
- A foundation for smart processes
- Business integrity and compliance
- Alerts, monitors, and control workflow
- Tight integration of processes across the company
- Automated controls and monitoring
The following new features are also upcoming:
Industry Integration
Now the order to cash process with finances and other SAP business suites is straightforward to integrate without any problems
Smart System
The optimization process is automated using UX digital age with real-time business data analytics & digital assistance.
Cloud Platform
The deployment choices for example bank connectivity, payment services are more versatile with the newest Innovations. The complete application can run on specific cloud services to speed up implementation.
Intelligence
It automates and transforms the process into a smart OTC with seamless data flow at every point of contact as well as enhanced display options for proactive decision-making alerts and insights on our Treasury and Working capital portfolio.
SAP provides many solutions to handle working capital problems for organizations and enhance cash flow. Regardless of whether the solutions are cloud-based or premised, this assists in optimizing working capital, enhance cash flow and minimize liquidity risk. These are key qualities for firms to endure difficult business conditions in today’s unpredictable economic situation.