How Closed-Loop Commerce Networks Transform the Order-to-Cash Cycle

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With revenue growth hard to come by, businesses are increasingly focused on accelerating cash flow. At the same time, buyers are pushing their suppliers for longer and longer payment terms. Yet most suppliers rely on manual processes that create friction across the Order-to-Cash (O2C) cycle, according to a 2015 survey by IOFM.

Manual O2C processes create:

    • Slow and error-prone order entry

    • Inaccurate price quotes

    • Long collections cycles

    • Mis-keyed remittance data

    • Clumsy invoice dispute resolution capabilities

    • Poor visibility into cash flow and sales

    • Lack of integration with key accounting systems

How_Closed-Loop_Commerce_Networks_Transform_the_Order-to-Cash_CycleThe impact of manual processes is especially detrimental for Group Purchasing Organizations and other businesses with a network of distributors, dealers, or resellers.  Businesses that deal with so many different entities must manage multiple systems, networks, processes, and standards.

Download IOFM’s latest white paper and learn how automated, closed-loop B2B commerce networks help businesses with large sales networks streamline O2C processes.

The white paper details the features to look for in a closed-loop B2B commerce network, and how suppliers can use a network to reduce costs, accelerate cash flow, and enhance financial visibility.

If cash flow is a priority in your organization, download this white paper today!


Continuing education credits available:

AR-cert

Final-AOCReceive 1 CEU toward IOFM AR and O2C certification renewal! The Accounts Receivable Certification Program is designed to establish standards for the profession and recognize accounts receivable professionals who, by possessing related work experience and passing a comprehensive exam, have met stringent requirements for mastering the accounts receivable body of knowledge.


This white paper is provided free of charge and underwritten by a sponsor. Following your download, you may be contacted by the sponsor with information about their products and services.

Continuing Education Credits available:

Receive 1 CEU towards IOFM programs:

AR-certFinal-AOCReceive 1 CEU towards maintaining any AR and O2C related program through IOFM! These programs are designed to establish standards for the profession and recognize accounts payable and procure-to-pay professionals who, by possessing related work experience and passing a comprehensive exam, have met stringent requirements for mastering the financial operations body of knowledge.

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