Order to Cash Suite
Analytics
Drive Business Outcomes. Track the operational KPIs that impact business outcomes. Enable data-driven decision-making via reports and peer benchmarking.
Order to Cash Suite
Drive Business Outcomes. Track the operational KPIs that impact business outcomes. Enable data-driven decision-making via reports and peer benchmarking.
Peer Benchmarking: Compare against the best-in-class AR metrics and among your peers. More
Improvement Opportunities for Automation. Track business outcomes & operational KPIs. More
Track Value. Improve user efficiency using Productivity Analysis & Target Setting. More
Out-of-the-box Reports. Ready to use reports and dashboards to track the business health. More
No Code Data Transformation. Build your own custom reports & dashboards. More
Data Sharing. Get clean data sets from HighRadius to external applications via APIs. More
Order to cash (O2C) analytics software is a tool that helps businesses analyze and manage the entire process from customer order to payment collection. This software collects data from various stages of the O2C cycle—such as order management, invoicing, and payment processing.
It then provides real-time insights into the performance. By analyzing this data, businesses can identify inefficiencies, predict future cash flow, and make informed decisions to improve the O2C process. O2C analytics software helps companies enhance their operational efficiency, reduce delays, and improve overall financial management by providing a standard report spanning Collections, Deductions, Cash Application, Credit, Electronic Invoicing, and Payment processes.
The major benefit of an order to cash (O2C) analytics system is improved efficiency and decision-making. By analyzing data from the entire O2C process, businesses can identify inefficiencies, and areas for improvement.
The system also provides valuable insights into customer behavior and payment patterns, allowing businesses to optimize their credit and collections strategies. Additionally, O2C analytics helps with advanced data visualization, trend analysis & predictive modeling capabilities, enhancing overall financial stability.
There are several types of analytics solutions that businesses can use to improve their processes. Each type of analytics solution serves a different purpose, enabling businesses to gain a comprehensive understanding of their operations and make data-driven decisions. Some of the commonly used analytics solutions include:
Businesses should use order-to-cash (O2C) analytics solutions to gain better control over their revenue cycle. These solutions provide detailed insights into every step of the O2C process, from customer onboarding to payment collection.
By using this data, businesses can identify and address inefficiencies, as the software helps reduce past due by providing real-time insights into customer behavior and payment patterns. O2C analytics also helps in Automation of routine tasks, allowing businesses to focus on high-value activities. Moreover, these insights enable companies to optimize their credit management and collections strategies, improving overall financial health.
Analytics helps drive business outcomes by turning data into actionable insights. By analyzing data from various business processes, companies can identify patterns, AR benchmarks, and inefficiencies. This allows them to make informed decisions that improve performance and profitability.
For example, in the order to cash process, analytics can help track operational KPIs and optimize them to drive more business outcomes. Predictive analytics can forecast future trends, helping businesses plan for upcoming challenges and opportunities by creating a roadmap. A best analytics platform empowers businesses to optimize operations, reduce costs, and enhance customer satisfaction, leading to better business outcomes.
Yes, Data as a Service (DaaS) Enables data sharing via a REST-based API mechanism, which provides access to a standard set of data entities for every HighRadius Receivables product. Companies can ingest this data into their respective corporate data warehouse platforms to unify the reporting experience.
The Analytics Software requires minimal IT involvement, as it comes with out-of-the-box pre-built modules and follows industry-specific best data practices. Add-ons like Self Service Analytics require minimal IT involvement and Data as a Service (DaaS API) requires some IT involvement to integrate the data pipelines into your data stores.
Yes, O2C Benchmarking provides insights into your industry standing compared to peers and pinpoint areas for improvement, enabling informed corrective actions. The software also allows you to track the operational metrics with your peers.
The analytics software helps reduce past dues by providing real-time insights into customer behavior and payment patterns. Identifying trends and potential risks empowers businesses to take timely actions, optimizing cash flow and minimizing overdue payments.
Among the 6 offerings under Analytics, O2C Benchmarking, Value Realization, User Adoption Analysis, & Standard Reports are part of the standard offering. At the same time, Self Service Analytics (via Livecube) & Data as a Service (DaaS) are paid offerings. You can schedule a call with us and talk about the complete pricing for your needs.
