Transform To Perform
One of the key challenges of finance managers is to shrink daily sales outstanding and speed up cash flow. Faster cash flows arms organizations with more working capital and allows them to reduce capital costs. This, in turn, allows business teams more leeway to price products and services competitively, and gain a market advantage.
Automate the entire order to cash cycle, right from capturing and fulfilling customer orders, to generating and recording receipts and collections in the general ledger, and delivering revenue analytics and reports with Datamatics order to cash solutions. The solution suite includes automated sales order processing solution, lock box, receipt application, and a customer portal solution.
Datamatics O2C solution enables businesses to strategically define the relationship with customers through out-of-the-box implementations. The built-in efficiency ensures seamless execution such that there is no delay at any touchpoint and eliminates inefficiencies throughout the O2C process.
Worth invoices processed per year through successful implementation and delivery of enterprise wide BPM automation and digitalization efforts at scale
Invoices processed per year with 99.9% accuracy by using point solutions as well as end-to-end automation models spanning larger geographies
Finance & Accounting Experts both in house as well as on consultant basis to deliver precision solutions in a timely manner
Cost reduction for F&A customers thus ensuring a secondary source of revenue generation in parallel with that from the business as usual activity
Improve order management right from receiving orders to processing and fulfilling orders through synchronized and end to end automation of the order to cash or O2C process
Receive orders through an omni-channel presence over phone, email, website, or sales faculty
Integrate shipping and logistics mechanisms for faster movement of orders
Build and maintain a detailed customer master data management (MDM) solution comprising thousands of customers’ records along with the quotations offered, negotiations, supplier contracts, order history, preferred modes of payment, credit limits, and credit worthiness
Avoid data duplication and maintain a single source of truth as an easily accessible and integrated web repository
Ensure timely invoice generation in the customer account with order dispatch and automated follow-throughs
Integrate digital payments including electronic fund transfers, ACH, and credit card and debit card payments
Improve collections through high visibility of Day Sales Outstanding (DSO) as well as invoice short payments
Monitor DSO in real time and initiate automated dunning cycles to fulfil accounts receivables, if required
Quickly match and apply received payments to the respective invoice and customer account through an automated mechanism and auto-update books
Eliminate tedious routine tasks and reduce processing costs involved in remittance matching of hundreds of payments received on a daily basis with advanced technologies such as RPA
Streamline processes and automate reconciliation between bank statements, company accounting records, and accounts receivables
Ensure high visibility of the accounting process and reduce instances of bounced cheques, overdraft fees as well as eliminate any chances of fraud
Expedite accounting procedures and reconciliations as well as ensure timely book closures
Streamline processes and automate reconciliation between bank statements, company accounting records, and accounts receivables
Ensure high visibility of the accounting process and reduce instances of bounced cheques, overdraft fees as well as eliminate any chances of fraud
Expedite accounting procedures and reconciliations as well as ensure timely book closures
CFO in the Manufacturing Industry
Company Size: 500 Mn - 1 Bn USD
Head Collection Strategy Analytics & QA in the Finance Industry
Company size: 500 Mn - 1 Bn USD
Senior Executive in the Construction Industry
Company size: 1 Bn - 3 Bn USD
Datamatics is a technology company that builds intelligent solutions enabling data-driven businesses to digitally transform themselves through Robotics, Artificial Intelligence, Cloud, Mobility and Advanced Analytics.
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