{"id":2915,"date":"2017-01-31T22:00:12","date_gmt":"2017-01-31T22:00:12","guid":{"rendered":"https:\/\/www.peeriosity.com\/shared-services\/articles\/?p=2915"},"modified":"2022-08-24T18:05:28","modified_gmt":"2022-08-24T18:05:28","slug":"utilizing-technology-to-maximize-efficiencies-in-order-to-cash-o2c","status":"publish","type":"post","link":"https:\/\/www.peeriosity.com\/shared-services\/articles\/2017\/01\/utilizing-technology-to-maximize-efficiencies-in-order-to-cash-o2c\/","title":{"rendered":"Utilizing Technology to Maximize Efficiencies in Order-to-Cash (O2C)"},"content":{"rendered":"

It is no secret that extensive use of automation is one of the key success factors for any Order-to-Cash operation, regardless of the industry or geographic location.\u00a0 The challenge for many companies is developing a comprehensive strategy to identify and deploy the powerful technology options that are now available to companies across the globe.\u00a0 The variety of different approaches can be overwhelming, and not carrying out the proper due diligence in making these important technology decisions can be expensive and a major drain on what are often already scarce resources.<\/span><\/p>\n

A recent Peeriosity Peercast featured a major manufacturing corporation with over $10B in revenue and operations spread across the globe.\u00a0 Relatively new to utilizing the Shared Services design<\/a>, the first step in that transition was to create a service center based in Poland to support their EMEA operations.\u00a0 Specifically related to Order-to-Cash, this company had over 20 sales operations spread across the EMEA region, each with its own decentralized Accounts Receivable team.\u00a0 With 20+ JD Edwards Accounts Receivable environments that were not linked at the operating level, their O2C operation was too complex and difficult to maintain. The result was to make the strategic decision in 2014 to consolidate the Accounts Receivable function<\/a> into a captive shared services center in Poland.<\/span><\/p>\n

As is often the case with these types of transitions to Shared Services, the implementation of advanced Order-to-Cash technology was a key component of the overall project.\u00a0 After considering a variety of solutions, this company selected Cforia as their provider, which would act as a bolt-on to their ERP system, JD Edwards, and would be based in the cloud vs. an extensive IT implementation.<\/span><\/p>\n

\"erp<\/p>\n

Some of the benefits of implementing this advanced technology solution included the following:<\/span><\/p>\n