Mike Morel, Senior Director of Marketing, SAP
Large enterprises need to increase the velocity and efficiency of their order-to-cash cycle within their subsidiary network, which can each reach a count in excess of 1,000 subsidiaries for Fortune 500 companies. These subsidiaries include international and local sales and distribution offices, small operating divisions, customer service units, and joint ventures. While most large manufacturing enterprises have implemented ERP systems at corporate and larger divisions/operations, a vast majority of subsidiaries in these companies still use manual or legacy systems to manage their operations.
Every day that these organizations wait to streamline the order-to-cash processes at their subsidiaries, they are bleeding cash that to the tune of millions of dollars. According to Aberdeen Group’s 2011 research, best-in-class corporations have 71% lower past due accounts receivables (A/R) and payment time to clear the A/R ledger 80% faster when compared to corporations that are not best-in-class (see Figure 1). These organizations achieve best-in-class metrics by automating major steps in their order-to-cash process at 2.9 times as often as all others.
Read more...
 |
Friend Us on Facebook |
 |
Follow Us on Twitter |
No comments:
Post a Comment