CLIENT ISSUES
The client a premier hospital in Kerala the finance team method of processing (quote to cash) was extremely manual and time consuming
Finance controller does not have full visibility over the processes of the team. Most updates are manual in nature and reactive.
Due to manual process many of the payments are not visible until the vendor calls for update.
Lack of visibility in payments impacting overall cashflow of the organization
No department wise monthly forecast of finance requirments for supplies
Finance team is limited to payment process and not being able to maintain the financial health of the organization
Limited analytics-based finance management
SOLUTION IMPLIMENTED
Did a As is process analysis and recommended process framework and technology solution to automate the process with a workflow management
Suggested the finance management do detach all sister concerns in separate BUs with proper budgeting and expense management
Entire Quote to cash process should be brought under a workflow management tool to enable controls and visibility of financials
Vendor management to be consolidated based on category of the products and should be from OEM and not local distributers for cost benefits
AUTOMATION SOLUTION IMPLIMENTED
Entire Quote to cash process automation resulted in efficient controls in the cashflow Improved data analytics capability Enhanced finance control with workflow Reduced cost in operations by 30%
- Sideio Impetus Pvt. Ltd.
A12 Mathewsons tower, III Level, Mathewsons Trade Centre, Near JLN Stadium Metro Station,
Kaloor, Cochin-602017 - Trivandrum – CKRA 22, Kurumkulam Road, Mannnathala Trivandrun
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