What is Order-to-Cash Process?
Order-to-Cash process covers the whole process cycle of handling customer orders. The OtC starts from customer orders all the way to the point where the organization receives payment from customers.
The OtC process covers different units, such as warehousing, delivery, invoicing, and account management. Order-to-Cash occurs in many different organizations and is a key business process in many enterprise information systems.
Top Order-to-Cash Process Challenges
Order-to-Cash is a high-volume process and thus different variations in the process are possible. Variations can consist of unwanted changes adding to the lead times. Delays can cause unnecessary losses, making it harder for organizations to perform competitively in the market.
In addition to late delivery affecting process efficiency and customer satisfaction, other common OtC process issues faced by our customers include:
Visualize as-is OtC process in flow charts and dashboards.
Identify improvement areas and bottlenecks in OtC process.
Improve Order-to-Cash metrics and KPIs, such as process lead times, cash flow.
Increase Order-to-Cash compliance rate.
Quick Wins with Process Mining for Order-to-Cash
The OtC process produces a lot of data that is useful for process improvement and transformation. The reasons for the excessive data can be for example various sales-and delivery models, multiple production/warehousing policies, differences in sales teams, diverse customer requirements & individual employees participating in the process.
Finding improvement points is critical for process optimization, and this is where Process Mining can help.
QPR ProcessAnalyzer transforms the data produced by information systems into process knowledge. This process knowledge is available in the form of Order-to-Cash process flow charts, pie charts, and other forms of presentation. The process data can combine with further information, giving way for in-depth and end-to-end process analysis. QPR ProcessAnalyzer provides you improvement points for optimizing your OtC process and helping you to meet the metrics.
Some KPIs and use cases where our clients have used QPR ProcessAnalyzer on:
Increase the on-time delivery of business process.
Locate key regions where payment is on time.
Benchmark and monitor the amount of returned goods.
Identify root causes for order changes.
Check lead times between process steps.
QPR's Order-to-Cash Dashboards for Analytics & Monitoring
QPR also offers tools for monitoring your processes. Using your process data, you can create dashboards to communicate your process performance information to key stakeholders. These dashboards are customizable to contain all the up-to-date information of your OtC process. Real-time monitoring is available as the data loading happens in intervals of your own choosing. Dashboards are accessible via QPR UI which is a web-based tool that is usable across a variety of devices.
Take control of your Order-to-Cash process by combining QPR's years of process management experience with its advanced, flagship process mining product QPR ProcessAnalyzer.