Finance and Accountancy Briefing

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Closing the gaps in the 'opportunity to cash' cycle

Overview

Historically businesses have suffered gaps in the ‘opportunity to cash' cycle as they seek to hand-off responsibility for each stage of the process from one person to another or one department to another. Even today, this approach is perpetuated by outmoded organisational structures that reinforce a ‘silo' mentality in which all of the key functions involved in the ‘opportunity to cash' cycle operate separately within departmental boundaries.


The advent of ERP platforms in the cloud has enabled businesses to be more customer-centric, while at the same time creating the conditions for faster debtor collections and a more accurate month-end close.


This whitepaper studies how modern finance systems encourage best practice in the ‘opportunity to cash' cycle.


 

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