National OIlwell Varco (NOV) Collections | Order to Cash Knowledge Center

$13 Million Invalid Deductions Recovered Annually

Food & Beverages New

Deductions

$5.5 Million Saved In Credit Card Surcharge Fees Annually

Technology New

EIPP

$93 Million Worth Payments Processed Annually

Food & Beverages New

EIPP

96% Accurate Receivables Forecasting Over 6 Months

CPG New

Cash Forecasting

75% Improvement In Revenue Recognition Productivity

Others New

Daily Revenue Reconciliation

$2 Million Saved In Duplicate Payments Across 1,800+ Stores

Manufacturing New

Accounts Payable

$500K+ Saved In Credit Card Fees With Level III Processing

Others

EIPP

56% Decrease In % Past-Due For Aging Buckets Above 5 Days

Manufacturing

Collections

75% Faster Daily Reporting With 94% Accurate Forecasting

Manufacturing

Cash Forecasting

Cash Management

65% Faster Bank Reconciliation & 99% Automated Task Completion

Food & Beverages

Balance Sheet Reconciliation

91% Automated Straight Through Cash Application

Building Materials

Cash Application

Zero Bad Debt Four Years In A Row & 70% Faster Onboarding

Manufacturing

Credit Management

46% Reduction In Past-Dues & 54% Increase In Productivity

Manufacturing

Collections

$25.5 Million Recovered In Invalid Deductions Annually

CPG

Deductions

85% Accurate Cash Forecasting Across Cash Collection & Deposit

Building Materials

Cash Forecasting

75% Faster Bank Reconciliation & 99% Auto Transaction Matching

Technology

Balance Sheet Reconciliation

90% Straight Through Cash Application For 600K+ Invoices

Others

Cash Application

5 Day Reduction In DSO & 43% Increase in Collector Productivity

Manufacturing

Collections

$7.5 Million Invalid Deductions Recovered Across 20K+ Customers

Food & Beverages

Deductions

28% Reduction In Past-Dues & 30% Improved A/R Productivity

Building Materials

Collections

96% Straight Through Cash Application Annually

CPG

Cash Application

$5 Million Recovered In Invalid Deductions Annually

Food & Beverages

Deductions

93% Automated Straight Through Cash App Across 210K Invoices

Manufacturing

Cash Application

$400,000 Interest Savings In Short-Term Loans

Technology

Cash Forecasting

Cash Management

50% Faster Dispute Resolution With 4.4x More Dispute Resolved

Manufacturing

Deductions

$6.2 Million Unlocked In Working Capital Annually

Food & Beverages

Collections

$57 Million Reduction In Credit Risk & Reduced A/R Overdue By 13%

CPG

Credit Management

30% Reduction In Past-Dues & 70% Faster Customer Onboarding

Building Materials

Credit

Credit Management

Saving $2 Million in Duplicate Payments Across 1,800+ Store Locations

Manufacturing

Accounts Payable

50% Reduction In Past-Dues with 2x Past Due Customer Coverage

Others

Collections

20-Day Reduction In DSO & 40% Boost In Collector Productivity

Others

Collections

$30 Million Added In Cash Flows Across O2C, Accounting & Treasury

Technology

Balance Sheet Reconciliation

Cash Forecasting

Cash Management

Collections

EIPP

91% Automated in Working Capital Unlocked Annually

$170 Million in Working Capital Unlocked Annually

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Industry

Product

ERP

Customer Size

$13 Million Invalid Deductions Recovered Annually

$5.5 Million Saved In Credit Card Surcharge Fees Annually

$93 Million Worth Payments Processed Annually

96% Accurate Receivables Forecasting Over 6 Months

75% Improvement In Revenue Recognition Productivity

$2 Million Saved In Duplicate Payments Across 1,800+ Stores

$500K+ Saved In Credit Card Fees With Level III Processing

56% Decrease In % Past-Due For Aging Buckets Above 5 Days

75% Faster Daily Reporting With 94% Accurate Forecasting

65% Faster Bank Reconciliation & 99% Automated Task Completion

91% Automated Straight Through Cash Application

Zero Bad Debt Four Years In A Row & 70% Faster Onboarding

46% Reduction In Past-Dues & 54% Increase In Productivity

$25.5 Million Recovered In Invalid Deductions Annually

85% Accurate Cash Forecasting Across Cash Collection & Deposit

75% Faster Bank Reconciliation & 99% Auto Transaction Matching

90% Straight Through Cash Application For 600K+ Invoices

5 Day Reduction In DSO & 43% Increase in Collector Productivity

$7.5 Million Invalid Deductions Recovered Across 20K+ Customers

28% Reduction In Past-Dues & 30% Improved A/R Productivity

96% Straight Through Cash Application Annually

$5 Million Recovered In Invalid Deductions Annually

93% Automated Straight Through Cash App Across 210K Invoices

$400,000 Interest Savings In Short-Term Loans

50% Faster Dispute Resolution With 4.4x More Dispute Resolved

$6.2 Million Unlocked In Working Capital Annually

$57 Million Reduction In Credit Risk & Reduced A/R Overdue By 13%

30% Reduction In Past-Dues & 70% Faster Customer Onboarding

Saving $2 Million in Duplicate Payments Across 1,800+ Store Locations

50% Reduction In Past-Dues with 2x Past Due Customer Coverage

20-Day Reduction In DSO & 40% Boost In Collector Productivity

$30 Million Added In Cash Flows Across O2C, Accounting & Treasury

Order to Cash

Accounts Payable

B2B Payments

Consolidation & Reporting

Close & Reconciliation

Treasury & Risk

91% Automated in Working Capital Unlocked Annually

$170 Million in Working Capital Unlocked Annually

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Industry

Product

ERP

Customer Size