Everything you need to know about SAP Order to Cash cycle (SAP OTC), including FI-SD integration and configuration.

The term "Process Map" or process flow chart is used to describe a process. Learn how to use the different types of process maps to improve your business.

Everything you need to know about SAP Order to Cash cycle (SAP OTC), including FI-SD integration and configuration.

In the B2B landscape, two processes often stand out. One is order-to-cash, and the second is invoice-to-cash. While they are often used interchangeably, they have many differences between them. By understanding those differences, you can determine which process matches your business and how it impacts your business. Nevertheless, both processes have cash in common, ensuring […]

Business Process flow is the graphical presentation for specifying business process usinf flowcharts. the objective of Business Process Flow is to support both technical users and business users. By providing a graphical representation business usres can easily understand complex business processes. The primary objective of Business process Flows is to provide standard notation readily understandable by all business stakeholders. These include the business analysts who create and refine the processes, the technical developers responsible for implementing them, and the business managers who monitor and manage them. Consequently, Business Process Flows serves as a common language, bridging the communication gap that frequently occurs between business process design and implementation. Here I am depicting the high level business process flows for the above mentioned flows. We will get into the details when we go to the specific chapter: Hire (Recruit) to Retire: As the name suggest this flow takes care of all the organizational aspects from the time a person is recruited in an organization till he retires. Retirement can be of any kind. It can be age related retirement, employee resigns from the services or any other type where the person leaves the organization. Click on the image to zoom: Procure to pay (purchase to pay or P2P) is the process of obtaining and managing the raw materials needed for manufacturing a product or providing a service. It involves the transactional flow of data that is sent to a supplier as well as the data that surrounds the fulfillment of the actual order and payment for the product or service. According to the Chartered Institute of Purchasing and Supply, procure to pay should be a seamless process from point of order to payment. Technology can assist this process. The goal of a procure-to-pay software system is to automate processes by introducing efficiency controls. For instance, to enforce buying controls, the software might cross-reference purchasing budgets to ensure compliance with pre-defined buying limits. A requisition that was within pre-defined limits would be programmatically routed for approval, converted into a purchase order once approved and immediately sent to the correct supplier by email. A sophisticated procure to pay system is capable of extracting invoice and payment data from a general ledger, enterprise resource planning (ERP) or customer relationship management (CRM) systems while also accepting transaction data from banks, vendors, shipping and other outside sources and reconciling complex and multiple supplier statements to payments and good received. Click on the image to zoom: The Record to Report management process provides strategic, financial and operational feedback about how a business is performing. this process involves collecting, transforming and delivering relevant, timely and accurate information to stakeholders inside and outside the organization. such feedback provides insight into whether stakeholder expectations have been met. Click on the image to zoom: Order to cash (O2C) is a set of business processes that involve receiving and fulfilling customer requests for goods or services. O2C is the process of obtaining and managing the orders from the customer, this information is fed to the manufacturing department for manufacturing a product or providing a service. It involves the transactional flow of data that is sent from a customer as well as the data that surrounds the fulfilment of the actual order and receiving payment for the product or service. Click on the image to zoom:

Unlock the potential of your Order-to-Cash process with our latest infographic. Discover critical KPIs that can transform your business efficiency and financial health.

Integrate your order-to-cash sales management process and provide automation to reduce labor requirements, allowing users to significantly improve sales productivity. Call us at 1-800-814-6631

Accounts Payable (AP) and Accounts Receivable (AR) are two fundamental accounting functions required by any process manufacturer doing business in today’s world economy.

The order-to-cash process consists of 8 steps that start when a customer makes a purchase and ends when the business has received and cleared cash for that purchase.

Digital O2C: Conquering Complexity in Cash Application. Cash application is a critical and complex operation buried in the order-to-cash (O2C) process.

The Cash Count Worksheet is a practical tool designed to assist small business owners, cashiers, and financial managers in accurately tallying and reconciling their cash transactions. This worksheet provides an organized format that streamlines the process of counting and recording currency, ensuring the accuracy of your cash drawer totals.

From webinars and eBooks to blogs and templates - HighRadius has order to cash resources for you. Search the knowledge center today!

In this blog, we'll explore the concept of invoice dunning in detail, including strategies for dealing with difficult clients and how online invoicing software can help streamline the process and get you paid faster.

Instantly calculate the compound annual growth rate (Excel RRI function) of an investment and see the step by step process used to solve the CAGR formula.

Order to Cash Process Flow Sales ≠ Cash Cash = Cash The order-to-cash (O2C) process is a business's core activity, responsible for revenue generation from… | 19 comments on LinkedIn

Improving an order to cash process is well worth the effort -and it could be easier than you think. Find out what best practices you should be implementing

Optimize your restaurant operations with Pratham POS Software Solutions. Benefit from advanced order management, inventory tracking, and insightful analytics for all restaurant types.

Did you mess up filling out a money order? Learn how to correct it and what to do if you lost your money order.

Everything you need to know about SAP Order to Cash cycle (SAP OTC), including FI-SD integration and configuration.

Flexible Cloud based Accounts Payable (AP) Automation software to increase efficiency & streamlining invoice processing. Contact us now!

What is the Ex-Dividend Date? And what does it mean for you as an investor? In this post, we'll explore this and the four step dividend declaration process.

Without an efficient stock control system in place, businesses can face a wide range of issues, from overstocking and stockouts to poor inventory management.

At Rutwind Brar, we provide the right solutions for your family business, partnership and proprietorships with proper planning. We ensure that your family business provides for the financial security or savings on your annual tax.

Set comes with 5 MEASUREMENTS: With hole punch: approx. 6.8” inches by 3.25 inches Made out of matte laminating pouches and vellum Options: Cash IS NOT included. All Sales are FINAL. This product is handmade; and could have some flaws being hand made. Hole punch size is a6 unless otherwise noted. Air Bubbles may occur due to the lamination process, these are handmade items that may have slight flaws Please check your shipping address when ordering. Please message with any questions or issues.

I've made a ton of mistakes on my journey to become an expert eBay seller. Follow these top 5 eBay selling tips, so you can avoid making these same mistakes!

14 ERP Controls You Want to Implement! Want to ensure the integrity, accuracy, and security of financial data? Build these controls within your ERP. ⭕…

A step-by-step infographic guide on how to hire an offshore recruitment team! Learn the 12 steps to hire an offshore recruitment team seamlessly.

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