Dave Danowski’s Post

Optimising the order-to-cash (O2C) process can boost business revenue by up to 15% and result in substantial cost savings.   However, today, nearly 70% of finance teams across industries lose a staggering 520 hours annually, battling the complexities of invoice processing, tracking overdue accounts, and managing payment reconciliations.   It directly translates into slow sales cycles, frustrated customers and lost upselling opportunities.   Plugging the gaps calls for reliable O2C process intelligence that helps identify hidden delays, reduce Days Sales Outstanding, ensure accurate invoicing, and improve customer satisfaction.   It is what FUTUROOT commits to: helping you regain control of your O2C operations through better process insights.   Sign up for a free trial to learn how FUTUROOT guarantees a robust O2C process and happier customers for your business. https://lnkd.in/dZKaQHTg Anand Argade, Vinay Pardeshi, Basim Wangde, Punit Sukhija, Neil Bhaumik #ProcessMining #RevenueGrowth #CostSavings #ProcessOptimization #FUTUROOT #O2C #CashFlow #Efficiency #CustomerSatisfaction #O2CIntelligence #AccountsReceivable #ProcessIntelligence

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Coupa Software and Bottomline simplify business payments. Coupa, the margin multiplier company, and Bottomline, a global leader in business payments, announced a strategic partnership to simplify and optimize payment processes for businesses. Coupa can now connect to Paymode-X, Bottomline’s business payments network that offers Premium ACH, to automate payments from buyers to suppliers. Coupa Pay offers a single platform for managing all business payments across different countries and currencies. By utilizing the Premium ACH offering, customers will further optimize their payment stack, enhance payment security, receive more payment rebates, and improve their overall source-to-pay experience. Premium ACH is a powerful extension of the Coupa platform and requires no data or technology integration, or additional storage. Leveraging the Paymode-X network’s leading fraud prevention capabilities, Coupa Pay will be able to offer enhanced security for payments made to suppliers who prefer to accept Premium ACH as a payment method. Source: https://lnkd.in/e6wydY9w Sign up for more news updates like this in our daily newsletter: https://lnkd.in/eskQx7Ym #payment #partner #partnership #digitalpayments #financialtechnology #financialservices #financialsolutions

Why we built Supplier Enablement ✨ We noticed a big challenge hindering commercial card programs at issuing banks, so we set out to create a product that not only tackles these problems but also drives the industry forward. 🔍 Why Supplier Enablement? U.S. businesses pay each other $27 trillion every year, often using outdated methods like cash or checks. Switching to virtual cards is a necessary step forward, offering speed, security, and improved working capital—essential for any growing business. 💡 The challenge: Banks play a critical role in supporting their customers in setting up card programs and enabling customers’ suppliers to accept card payments. However, they lack access to the data needed to do this effectively, so the adoption of virtual cards has been slow. ✅ The solution: Our purpose-built product allows issuing banks to access comprehensive and up-to-date data for supplier enablement. It does this by enabling business clients to share vendor and spending data directly from their ERP system or accounting software. It delivers consistent and comprehensive data to banks, paving the way for successful card programs. Interested in a demo or want more info? Click the link in the comments⬇️ #B2BPayments #SupplierEnablement #DigitalTransformation

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Exploring ways to optimize order-to-cash(O2C) processes - here’s what could be beneficial 👇

LinkedIn Article Series: Unlocking the Value of Payment Reconciliation in Retail As the founder of Abrantix, I’ve had the privilege of working with some of the largest retailers worldwide. Over the past two decades, we’ve seen the complexities of managing Order to Cash (O2C) processes grow as sales channels multiply and payment methods evolve. Leakage—the revenue that “drifts away” due to incomplete reconciliation—is a significant challenge for many large merchants. This six-part article series will help merchants understand their O2C process, identify potential risks, and provide practical tools to address leakage. Overview of the Series The series will consist of six weekly articles, each building on the previous one, to provide a comprehensive understanding of O2C, financial leakage, and how automated solutions can help: Article 1: Demystifying Order to Cash (O2C) in Retail We’ll provide an overview of the O2C process, covering its role in supporting cash flow and profitability across multiple sales channels. Article 2: The Hidden Cost of Incomplete Reconciliation—Understanding Leakage We explain what leakage is, how it occurs, and why it matters if left unchecked. Article 3: How Much Leakage Are You Facing? Tools to Find Out We introduce practical tools to evaluate exposure to leakage, including a Financial Leakage Impact Calculator and checklist. Article 4: The Challenges of Reconciling Across Multiple Channels We discuss the complexities of reconciling transactions across sales channels, international markets, and payment types. Article 5: Automating Reconciliation—A Must for Large Retailers We discuss how automation can revolutionize reconciliation for large retailers, eliminating leakage and reducing errors. Article 6: The Abrantix Advantage—20 Years of Expertise in Reconciliation We discuss how Abrantix has helped large retailers tackle reconciliation challenges and ensure audit compliance. Why Follow This Series? - Gain a deep understanding of the O2C process and why it’s critical for retail - operations. - Learn about leakage and how it can risk your business. - Access tools to assess exposure to leakage. Discover how automation can protect your bottom line. If you’re a #CFO, #Controller, or part of a #finance team in a large retail organization, this series is for you. Follow along to explore how to turn reconciliation challenges into opportunities for improvement. #O2C #ReconHub

🔥📃Invoice process Automation in Retail Many retailers are still handling large volumes of invoices and tracking their status manually. This is likely to cause errors in your Payment Account management process and potentially harm your customer relationship. If you can save time, save money, and significantly improve your bill management, why not? 📍Remember, your account payment process has a significant impact on your business cash flow. And Yooz is perfectly capable of solving these challenges. Want to know how much you're losing monthly? Calculate your loss in minutes using our quiz. Link in comment.👇 #TRGInternational #Yooz #P2Pprocess #APAutomation

The traditional B2B payment process, burdened by inefficiencies like paper checks and manual invoicing, is in dire need of an upgrade. Firms lag behind in meeting partner expectations for efficiency, convenience, and security, hampered by time-consuming tasks and outdated mechanisms. According to PYMNTS Intelligence, 79% of B2B suppliers are eager for digital payments, citing faster processing and improved on-time payments as key benefits. Electronic payments not only enhance speed but also offer real-time cash flow visibility, enabling better forecasting and financial planning. Automated systems play a crucial role in managing cash flow, ensuring timely payments, and mitigating late fees. In a competitive landscape, adaptability to changing financial conditions is paramount for success. Embracing B2B innovation strategically can future-proof businesses, positioning them for sustained growth. The ability to quickly adapt to market shifts is a significant advantage. It's time for businesses to leverage digital payment solutions to enhance operational efficiency and financial agility in today's dynamic business environment. #digitalpayments #virtualcards #b2bpayments