At times like these, companies need to proactively evaluate their cash-flow and cost requirements, understand how to act within multiple scenarios, and assess the potential risks to their revenues and customer base. For this, I2C functions must reprioritize their initiatives – focusing on their agility, cost to serve, and resilience – to help their organizations survive in the short term and be ready for future growth.
Companies can adopt and combine scalable operating models, predictive insights, and AR-automation toolkits to build a robust, forward-looking invoice-to-cash function. One that delivers better forecasts, reduces credit risk, enables faster debt collection, improves the use of available cash, and enhances the customer experience.
This point of view is authored by Akshay Belwalkar, AVP, I2C Service Line, and Jacqueline Korner, AVP, I2C Service Line, Genpact.
Learn more about how Genpact can help with invoice to cash.