Key takeaways:
1) Adjusting your Order-to-Cash tech stack in response to the COVID crisis
2) Breaking remote-working silos between finance leaders, A/R, Sales team and your customers by taking collaboration to the next level
3) Tracking alternative data get real-time insights about changing customer payment behavior to avoid referring to historical data
In these turbulent times where finance leaders are safeguarding working capital by focusing on DSO reduction and receivables management, companies that had already undergone a digital transformation in their Order-to-Cash function have managed to stay afloat and focus on balancing customer expectations and business objectives.
Amid this, automating just one module of your A/R acts as a stop-gap solution. A heavy focus on automating multiple A/R processes ensures end-to-end visibility and flexible pivoting.
To learn about more such risks and mistakes that ruin your digital transformation, join this session with Moustapha Ould Bin Mogdad, Market Focal Point Manager – GBFS Canada - OTC at Bristol-Myers Squibb and Judy Bicking, Senior Trainer, at IOFM as they share the best practices and insights to avoid and curb these mistakes if it occurs.