What is World-Class?

What does it look like, how is it different?

• They are more efficient, doing their work faster and at less cost: World-Class organizations have streamlined their operations by leveraging technology to automate the repetitive, manual processes as well as have reduced dependency on resources
• They are more effective at delivering services to internal and external customers: By automating the core transaction management, A/R teams focus better on customer engagement to improve repeat business and unlock latent business opportunities

World-Class performance focuses on doing more with less World-Class organizations have been able to largely automate their financial operations and realize up to 45% more savings than their peers. These savings are attributed to:

• Lowered resource costs
• Switching to electronic from paper
• Working capital optimization with faster collections
• Reduced bad-debt and write-offs with worklist prioritization