Quote to Cash
The quote-to-cash process describes all of the steps involved from the initial quote or bid to the customer through fulfillment, invoicing payment.
Improve days sales outstanding: Simplifying the quote-to-cash process reduces the time between paying for materials and receiving payment. Cash flow improves. Return on assets improves. The whole business becomes healthier and more profitable.
Improve quote-to-order time: By automating data flow from RFQ to quotation-to-order, companies move customer orders to production and shipment faster while eliminating manual data entry and potential for error. Automatic pricing algorithms help ensure accuracy, maintain margins and reduce the need for manual order approvals that delay orders.
Automate invoicing and payments to eliminate non-value added steps: By invoicing automatically as shipments occur and applying cash to invoices automatically as it’s received, companies can significantly reduce the amount of time to access cash.