Anyone who thinks that civil servant German is the most complicated form of our language has never heard of BWLer experienced among themselves. This is especially true for the technical jargon of the software industry. This is usually a mixture of technical terms and English paraphrases. In this context, the language used by us and our colleagues ranks in the upper echelons of incomprehensibility. One term that has elicited more or less quizzical looks is the term "order-to-cash".
Order-to-Cash - A Process
Anyone who thinks this is business English for business lunches is wrong. Literally translated, "order-to-cash" also means order-to-payment and comes close to what is actually meant. process is already relatively close. This is because "order-to-cash" processes refer to all processes from the receipt of an order to the receipt of payment. This term is particularly common when talking about or striving for a high level of automation in these process areas.
Improvement through software use
In the best case scenario, of course, software takes over many manual work steps. This applies to all incoming orders. The relevant data, such as the customer number, is read out by the system and automatically transferred to the screen. When it comes to an order, the software can also compare the quantity with the stock and check its availability, for example. All work steps are also created in the system in such a way that they can be easily retraced later. In addition to saving time, an order-to-cash process controlled in an ERP system can also make all processes much more transparent.
Order-to-Cash - Effect and Analysis
The efficiency of the order-to-cash process thus influences several areas and factors in the company. By improving the processes, you can achieve the following effects.
- Reduction of process costs
- Acceleration of receivables management
- Improvement of the Cash flow
- Labour time savings
- Error prevention
- Increase customer satisfaction
About the analysis of the order-to-cash process, actual valuable insights can be gained. For example, all deviations and burdens on certain sub-processes can be identified.
And, which term would you like to have translated from business management German into an understandable language?
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