Finance Leaders Report: Order-to-Cash Automation Can Save Millions

Financial leaders report manual processes lead to revenue loss, automation is the future and the financial function is more important than ever.

In a survey of 200 CFOs, controllers and finance leaders, order-to-cash (OTC) automation topped their list of concerns. The vast majority of respondents estimated problems like manual tasks and disparate systems cost $5 million or more
in revenue leakage each year.

Interestingly, the level of automation was strongly correlated with revenue leakage, with more automated companies experiencing significantly lower amounts of revenue leakage than companies with manual OTC processes. Organizations with low levels of data automation in their cash conversion cycle are about 20% more likely to experience revenue leakage above 5%.