Order to Cash

livejourney finance order to cash
livejourney finance order to cash
livejourney finance order to cash

THE CHALLENGE

A large healthcare company wanted to minimize the number of payments occurring in its Order to Cash process and to streamline changes in sales orders. Not only were these transactions vulnerable to loss and lost revenue, cash flow control was also at risk (for example, due to bank account changes).

THE SOLUTION

By analyzing the Order to Cash process in just 4 weeks, Livejourney identified multiple sets of reworks that were hidden in the process. Complex loops and huge amounts of wasted time were rapidly identified, as well as some suppliers who warranted careful attention.

THE OUTCOME

Livejourney saved transactional costs, lowered risk for management, and reduced number of multiple payments, resulting in a total savings of more than 400% over the cost of Livejourney.

livejourney usecases

1

O2C process

livejourney usecases

1

month

livejourney usecases

+ 150K€

Saved in 4 months

Procure to pay

Livejourney usecase finance procure to pay
Livejourney usecase finance procure to pay
Livejourney usecase finance procure to pay

THE CHALLENGE

A manufacturer wanted to accelerate deliveries in its processes by identifying and understanding payment bottlenecks: which steps were slowing it down and when? Process tracking was also necessary for regulatory compliance.

THE SOLUTION

Livejourney visualized the entire process and immediately analyzed the lead-times between each step. Bottlenecks turned out to be seasonal, and Livejourney reworks identified specific processes that could be automated to gain even more time.

THE OUTCOME

A revised payment process yielded faster payments, and Livejourney continues to analyze all late payment deviations for real-time improvement. Regulatory compliance was also shortened by weeks, resulting in better supplier relationships.

livejourney usecases

1

P2P

livejourney usecases

1

year

livejourney usecases

Reducing late payments

in 6 months

Setup a new supplier

Livejourney usecase finance setup a new supplier
Livejourney usecase finance setup a new supplier
Livejourney usecase finance setup a new supplier

THE CHALLENGE

The process of entering new suppliers into an existing procurement system can be very complex due to long validation processes that can take weeks or months. The hesitation to add new suppliers can lead to innovation delays and market share risk.

THE SOLUTION

By analyzing 3 years of historical data, Livejourney was able to identify multiple issues in the supplier validation process, including difficulties for suppliers not being able to complete all forms at once (causing loops and abnormally long lead times), and large reworks with complex variables.

THE OUTCOME

The digital method of analyzing this complex process saved hours of meetings and analysis. Livejourney provided a way to reshape important steps and simplify the entire process.

livejourney usecases

1

Process

livejourney usecases

3

months

livejourney usecases

Reshaping

6 months

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