Why digitize your Order to Cash process?
The Order to Cash cycle (O2C) encompasses all aspects of your business, from management to logistics to Accounts Receivable. However, different departments can easily be siloed if you aren’t careful, leading to errors and prolonged wait times. Therefore, a big picture view is required to track invoices, sales orders, and other documents from start to finish. This can be done easily with a digital document workflow.
Gain O2C productivity by leveraging digital document exchanges
- Reduce day sales outstanding
A digital document workflow can speed up your Order to Cash cycle. Furthermore, it can improve the way you process and deliver quotes, sales orders, and invoices. Because of this, business documents are automatically delivered to the right person in the correct format. Their read receipt acknowledgement helps to track the entire workflow to the customer’s benefit.
- Improve invoice collection
Accounts Receivable keeps track of each invoice sent and read in real time. If an invoice has not reached the right person, you can take action immediately and resubmit: no need to wait for weeks on end. Outsource collection simply by providing a document URL to read invoices and sort them per specific criteria. As a result, you’ll have all of the materials you need for better, more timely collections.
- Access instantly from anywhere
Use online repositories such as SAP Cloud Platform, Google Drive, or Drop Box, to share business documents quickly via URL.
- Adapt to format and exchange platform preferences
Set-up or improve EDI to meet e-invoicing automation requirements. Compleo converts existing invoices into different e-invoice formats, including UBL, Uncefact or factur-x, to name a few. You can also communicates with dedicated exchange platforms, such as PEPPOL. By doing this, you can ensure compliance by meeting the proper specifications.
Compleo Suite architecture is perfectly situated between our ERP and PC processing applications.
Simplify your Order to Cash workflow with paperless solutions
Compleo allows you to connect multiple ERP/data points to create the business documents you need.
In addition, each document is stored online securely and can be shared with stakeholders via email using a unique hyperlink.
Compleo can create documents in user-friendly formats, like PDFs, and include additional attachments, such as T&Cs, memos, work orders, or order notes.
Complete automation handles batch mode for large volumes.
The process can also incorporate a digital document approval workflow as well as digital signatures for a faster Order to Cash cycle.
Compleo Suite is compatible with any O2C system
Compleo uses certified connectors to interact with multiple data points at once and compile documents from various databases. These connectors allow the functionalities to retrieve data in Spools, XML, and CSV files, and can attach the final document to specific records in ERP.
Our Compleo Supervisor module manages your O2C document workflow. You can configure processes based on document type, metadata, users, and ERP systems, as well as apply specific actions, such as print, archive, email, etc. Moreover, system admins can monitor ongoing actions from a single location, make changes as needed, and schedule batch delivery.
Want to know how this could work with your architecture?
Contact us today for a free personalized demonstration.