Digital Transformation Trends in “Order to Cash” and “Procure to Pay” processes in Corporate Companies

December 29, 2022
Oscar Mazza

The last 10 years have been marked by a radical change in Corporations in relation to their internal processes, now called “Order to Cash” and “Procure to Pay“.

“Order to Cash” includes the processes that begin with a request for a quote of a product by a customer, through the effective sale, order tracking, delivery, logistic follow-up, billing, collection and cash application of the payment received.

“Procure to Pay” covers the relationship with suppliers and the steps related to them in terms of contracting, discussion of prices, sending purchase orders, receiving merchandise and executing payments.

Megafy’s Value Proposition, through its process analysis and digitalization capabilities, is to put all internal and external actors in these operational flows in a digital environment of transparency, efficiency, consistent process and control. This includes the ability to provide digital tools to the company, so that it “outsources” low-value tasks, performed internally, in those external counterparties where it has the ability and power to do so (example: customers or suppliers)

The relationship with a supplier or client, to generate their registration in the company’s management systems, the receipt of an invoice or the signing of a commercial contract, are some of the tasks that you can quickly move from paper and physical interaction to digital media and to “outsource” to the corresponding counterpart

Megafy has the capacity and experience to generate, in exceptional times (a few days), an initial demo of digitization of a process and then execute its implementation, in weeks.

Given the current need of companies and their managers to achieve quick results in this field, Megafy is an extremely useful tool that transforms ideas into facts.

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