Why Shared Services Transformation:
- Lack of operational control and global visibility – Disparate financial systems, multiple locations, multiple currency, spreadsheet-based reporting;
- Need for better control on cash flow – Unpredictable cash flows, high borrowing costs, late and cumbersome cash receipts forecasting, high variances;
- Struggling with poor balance sheet metrics – High AR balances, low receivables turnover ratio, high days sales outstanding (DSO), poor cash flow;
- Growing bad debt issues – Decreasing profitability, high deductions, increasing dispute volumes, slow dispute resolution times;
- Need to optimize operational costs – Standardize processes, reduce/optimize headcount, consider outsourcing.
BIG DATA + ANALYTICS + AUTOMATION = EFFICIENCY + COST SAVINGS + CASH FLOW.
Learn what you need in your global AR management solution to boost your customer financials operations in this video.
