As a finance professional, you face various challenges on a daily basis. Alongside a range of different processes you have to deal with, you want to keep customers and colleagues happy and do everything possible to advise the management team well, with the objective of achieving the organisation’s financial goals. Whilst you cannot change the uncertain economic landscape, you can enable your systems and processes to be optimised to ensure you have access to the most relevant insights to help you move your business forward. As a finance professional your day can quickly disappear thanks to common issues and repetitive manual tasks, such as cash allocation. Leveraging technology to solve these as quickly and efficiently as possible allows you to engage in more challenging tasks. In order to set up the order-to-cash process effectively to achieve this, it is important that you follow some key steps. The handy checklist below will help identify how you can shift focus onto maintaining strong customer relationships and ensuring the financial stability of your organisation. For instance: use software to your advantage, minimise risk of non-payment and lower your DSO and how to optimise your customer communication.
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