The order-to-cash cycle is often overlooked despite its potential for maximizing efficiency as well as cash.
Orlando, FL (PRWEB) March 20, 2014
A new study just launched by The Institute of Financial Operations takes a broader-than-ever look at the receivables side of financial ops. The 2014 Order-to-Cash Automation Survey examines processes and automation trends of organizations in various industries, and includes separate sections for accounts receivable and for order processing.
The study is the latest in a series of research projects undertaken by the IFO to provide members and other stakeholders with vital benchmarking information. It is sponsored by Esker, a strategic partner of The Institute.
“The order-to-cash cycle is often overlooked despite its potential for maximizing efficiency as well as cash,” said Steve Smith, U.S. COO of Esker. “The insight this study will give into organizations' O2C processes and automation programs will have the potential for significant optimization opportunities.”
In addition to a chance to win a $100 gift card, respondents to the survey will be eligible for a discount on IFO’s annual Fusion event, taking place this year May 5 to 8 in Dallas. Fusion 2014 offers more than 130 educational sessions in 12 tracks, including enhanced educational content for accounts receivable professionals. Preliminary results of the study will be presented at Fusion. All respondents who provide contact information will receive a copy of the full report.
Click to take the 2014 Order-to-Cash Automation Survey now.
About The Institute of Financial Operations
The Institute of Financial Operations is a membership-based professional association serving the entire financial operations ecosystem, with a particular focus on the accounts payable and accounts receivable disciplines and the related fields of information management and data capture. The Institute grew out of the merger of four associations: International Accounts Payable Professionals (IAPP), International Accounts Receivable Professionals (IARP), the National Association of Purchasing and Payables (NAPP), and The Association for Work Process Improvement (TAWPI).
Based in Orlando, Fla., with affiliates in the U.S., Canada, and the UK, The Institute serves as a global voice, chief advocate, recognized authority, acknowledged leader, and principal educator for people in financial operations. The Institute has a community of nearly 70,000, which includes 9,000 members and customers, and an additional 61,000 financial operations professionals.
The Institute’s members have access to benefits and leading-edge resources such as the award-winning Financial Ops magazine, a dynamic, content-rich website, educational and networking events, online educational offerings, certification and certificate programs, career resources, and volunteer opportunities.
Esker is the worldwide leader in document process automation solutions. Addressing all types of business processes, from accounts payable and accounts receivable to sales order processing and procurement, Esker cloud computing solutions enable companies to automate the reception, processing, and sending of any business document with one platform. Esker helps more than 80,000 companies across the world to reduce the use of paper and eliminate manual processes while improving their productivity, efficiency, and environmental impact.
With 40.3 million euros in sales revenue in 2012, Esker operates in North America, Europe, and Asia Pacific with global headquarters in Lyon, France, and U.S. headquarters in Madison, Wisconsin. For more information, visit http://www.esker.com. Follow Esker on Twitter at twitter.com/eskerinc and join the conversation on the Esker blog at http://www.quitpaper.com.