Prevent Revenue Leads, Improve Revenue Recognition Controls
- Continuous monitoring across O2C business process
- Ensure customer orders data quality and track key performance metrics
- Prevent risks and investigate recovery opportunities to improve revenue generation, margins and profitability
Revenue leakage is a real problem facing many industries, especially where revenue management chain is complex. “Revenue leakage amounts to 9% of an enterprise’s revenues.” – According to Aberdeen Group, a research firm. Order Order-to to-Cash (O2C) cycle spans several functional areas of the organization, which includes external providers such as credit rating agencies and credit card processors. The control gaps in the underlying systems are therefore prone to revenue leakage through fraud, errors, or mismanagement. Organizations are subject to additional losses through penalties if the revenue recognition method does not comply with guidelines issued by FASB, IASB, etc.
SafePaaS Order Order-to to-Cash solution streamlines your business process by preventing control breaches, while ensuring data quality and providing feedback on key performance metrics across the entire process. You will be able to improve checks and balances, identify process efficiency opportunities and prevent revenue leakage in your O2C cycle of managing customer information, order entry, pricing, discounting, invoicing, receipts, and collections. SafePaaS will enable you to assess Order Order-to to-Cash risks and implement effective automated system controls to prevent risk points and investigate recovery opportunities to improve revenue generation, margins and profitability.
Try it Free to see how you can streamline your business with ProcessPaaS controls such as:
AR Invoices Over Threshold, Sales Order Over Threshold Amount, Sales Order Over Credit Limit, DSO Fluctuations by Percent, Sales Order Payment Terms Validation, Invoicing Rules are those Receivables uses to determine when you will bill your customer and the accounting period in which the receivable amount is recorded.
SafePaas enables Finance Executives and Receivable Managers:
- Automate Revenue Recognition Controls
- Investigate Recovery Opportunities to improve revenue generation, margins and profitability
- Reduce customer master data defects and track changes to credit limits and other key customer attributes