Effective management of strategic client accounts is a significant challenge for most services suppliers due to the disjointed and inefficient handling of the order-to-cash (O2C) processes - hampered by functional and account-level silos, lack of technology integration and ineffective manual processes. This leads to revenue leakage (3.8 – 10% of ACV), strained relationships and increased risk of non-compliance in enterprise accounts.
Sirion Order-to-Cash addresses the above issues by streamlining and automating the key O2C processes - contract management, performance management, invoice auditing and buyer-supplier collaboration - on a single, integrated platform. Built-in workflows and analytics allow a clear view of the contractual obligations enabling suppliers to ensure that:
Additionally, it provides a single source of truth, enabling an objective assessment of the buyer-supplier relationship based on authentic data thereby addressing the issue of misplaced subjective assessments and friction between the two parties.
Download this product brief for detailed information on Sirion’s functionality and benefits.