Finance Transformation Blueprint for AR Shared Services
Why Shared Services Transformation
- Lack of operational control and global visibility – Disparate financial systems, multiple locations, multiple currency, spreadsheet-based reporting
- Need to have 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
- Having growing Bad Debt issues – Lowering profitability, high deductions,increasing dispute volumes, slow dispute resolution times
- Need to optimize operational costs – need to standardize processes, reduce/optimize headcount, considering 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.