How Companies Are Accelerating Order-to-Money Processes within the Present Age of Disruption
As the ongoing disruption drives organizations to stabilize operations, pounce on new opportunities, and develop new strategies to adapt to long-term shift, cash is king. Financial resilience rests on expediting multiple threads of the order-to-cash cycle. In its artificial intelligence weekly newsletter, the Wall Street Journal AI Pro reported that enterprises are deploying automated technologies to serve customers better and keep revenues flowing.
- Danone S.A., a global food giant is leveraging AI and machine learning to analyze supply chains and optimize logistics. With the support of transformative technology, organizations can quickly identify the best options for sourcing goods, and streamline operations.
- International Data Corp. estimates that 40% of companies are expected to adopt or amplify their use of automated technology in response to ongoing disruption.
- Norsk Hydro ASA is using AI to keep its factories humming when engineer access is limited. Engineers can oversee production without entering into a plant as AI-enabled data integration technologies can monitor the performance of cooling pumps, compressors, and other machinery.
Growth Starts with Unfettered Data Access
To build resilience in a disrupted economic environment, organizations need to integrate data and automate processes – a niche data integration platform is poised to serve.
Before any processes can be automated or CXs improved, data and applications need to be integrated. That’s because the lifeblood of order-to-cash processes of an enterprise is data that is integrated from customer orders via modern data integration platforms. B2B manufacturing companies and retailers additionally loop their configuration systems into order-to-cash.
Data Integration Stabilizes Supply Chains
The impact of data integration in stabilizing supply chain disruption is huge. Organizations can leverage it to help customers better absorb shocks to their systems. They can rely on self-service-powered data integration solutions to enable business users to create data connections and integrate new customers with speed and confidence. While non-technical users build data connections, IT users can focus on more important, high-value tasks that drive innovation.
For suppliers looking for fresh opportunities, the deployment of these modern data integration solutions is more than necessary. Not only they play a vital role in helping companies connect with buyers and other trading partners around the world but also expanding market share. They help business users streamline their order-to-cash processes, improving their ease of doing business.
Modern data integration solutions with powerful EDI technology are helping companies streamline transactions and improve efficiencies by replacing paper invoices and digital processes. These tools first translate, enrich, and validate the data to deliver the highest possible service to customers through delightful CXs.
Order-to-cash processes underpin the success of any organization. And modern data integration solutions can help accelerate that, enabling supply chains to deliver value faster, optimize cash flow, and improve the customer experience.
Adeptia offers data integration technologies to streamline processes and, in turn, build customer satisfaction and business resilience. The AI and self-service capabilities offered by Adeptia accelerate order-to-cash cycles, helping organizations to not only survive but outperform in today’s disruptive business environment.