There are several fiscal metric fundamentals in monitoring and measuring the financial health of a company; of particular importance is cash flow. While the ultimate goal for any company is to become financially self-sufficient and achieve its own independence, adopting a fiscal strategy focused on positive cash flow secures a company's long term growth, financial independence and in turn this activity acts as a catalyst to increase shareholder value provided management adopts a thought-leadership approach within their business operations.
Upon examining a company's structural framework, the departmental entity which
controls the Order-to-Cash management is primarily prevalent in Accounts Receivable.
Despite the benefits introduced by ERP Systems (e.g. SAP, Oracle and in-house
IT solutions), which once implemented serve to automate the credit/collection
process in part, there do remain substantial challenges and inefficiencies that
(a) Decentralized information and non-user-friendly workflows
(b) Lack of substantial operational efficiencies and productivity
(c) Continued manual intensive labor for document handling
BOEN Services through it's interactive customer engagement process has been able to fully understand the challenges associated with the credit/collection process and operation in a rather simplistic way. In so doing, BOEN Services has developed a two-pronged turnkey business strategy to address such challenges: