Integrating Automated Cash Collection with ERP Solutions

Overview:

Business processes run on input to and output from ERP solutions. Each step in a process involving a manual touch point causes friction that costs time and money. Esker DeliveryWare reduces this friction, helping companies maximize profitability by automating and streamlining document-intensive business processes from beginning to end.

Research by a leading IT analyst has found that companies with the fastest-growing profits in their industry sectors are addressing document processes and achieving real benefits. Businesses with effective document processes are more likely to be leaders in profit growth, and more responsive to changing market conditions. As a result, the recommendation is for organizations to examine key business processes for opportunities to achieve ROI.

For many businesses using ERP solutions, cash collection still involves manual delivery of documents. These inefficient processes limit the ability to achieve objectives such as reducing Days Sales Outstanding (a measure of the average time to collect receivables), shortening transaction cycles, cutting overall business communication costs and increasing profitability.

Automated cash collection has the potential to deliver significant benefits as a result of eliminating document process inefficiencies within cash collection. By increasing the speed and accuracy of business information exchange, organizations can improve financial management and key performance indicators.

Intelligent document delivery technology enables organizations to optimize cash collection by automating document delivery based on business rules through logic residing outside the ERP system.

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