Within the order-to-cash (O2C) process, accounts receivable determines your company's cash inflow by seeking to ensure that payments are received on time. A substandard O2C process results in various types of inefficiency, such as invoices that are created too late, incorrect payment conditions or failures to account for changes in price (which lead to underpayment). This makes correct, punctual payment a rarity, which in turn hinders customer accounting and has a negative effect on your company's liquidity.
Scheer Process Mining can help you obtain an accurate picture of your accounts receivable accounting. Meanwhile, full process transparency and process-relevant KPIs will enable you to put your actual business workflows under the microscope. You can then identify and eliminate any of these inefficiencies and make better operational decisions.