Superior Data Visualization with A Single Integrated Framework
Statistics
Client Description
A leading US-based paint manufacturing firm.
Business Challenges
- Cash flow analysis and month-end reporting followed a manual process.
- Absence of forecast vs. actual comparison reporting.
- Check match hit rate was only 20%.
- DSO impacted cash availability
- Reconciliation process was handled manually
- No single framework for capturing dispute cases and process resolutions
Solution
- One view dispute resolution and workflow automation were achieved.
- Cash monitoring tool (CLF) was integrated to collections, disputes and credit data.
- 10-15% reduction of DSO.
- Vendor Integration – Interface to Dispute Management.
- Vendor payments block variance report was prepared.
- Single source of truth for the entire organization with visualization of data in the dashboard.
- Liquidity planning and reporting were prepared.
- Net cash availability variance analysis was achieved.
- Optimized cash outflow tracker by vendor information provided via CLF dashboard.
- CFO dashboard was viewed to summarize operating cash vs. financing cash on daily/weekly/ monthly periods.
Benefits
- Cash position and forecasting were automated to provide a real-time view of cash position on-demand.
- 10-15% reduction of DSO due to pro-active collections.
- 5-10% increase in cash inflow was achieved due to shorter dispute resolution cycle.
- Dispute case management was automated and integrated to cash application process.
- Authorizations built across departments for CLF dashboard resulted in organized work environment.
