Three Myths About Customer-to-Cash in GBS Organizations
- Hackett Report

How does this ebook help me?

Customer-to-cash (C2C) in GBS organizations are increasingly leveraging digital strategies to produce meaningful savings without compromising service quality. Indeed, the most significant benefits are reflected in measures of business value like improved customer experience, and a substantial impact on enterprise profitability. But digital maturity in GBS is turning out to be a double-edged sword, generating both myths and challenges to their continued relevance that customer-to-cash leaders must consider and address.

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Key Takeaways

‘New-normal’ and cloud-based platform adoption encourages remote working for GBS C2C

Real-time access to data improves CX and better end-to-end visibility

Technology modernization improves service delivery quality and reduces costs

Challenges to be addressed are:

Need for continuous process improvements
Meeting stakeholder expectations
Advocating changing role of GBS

01.

Executive Summary

02.

The Continued Relevance of the GBS Model for Customer-to-Cash Organizations

03.

Myth #1: Remote and Hybrid Work Models for Executing Customer-to-Cash Processes are Inappropriate for GBS Organizations

04.

Myth #2: Customer-to-Cash Activities will be Pushed Further into the Back-Office

05.

Myth #3: Owners of Customer-to-Cash Processes in GBS Organizations will Come Under Intensified Pressure to Produce Operational Savings

06.

Looking Ahead

Chapter 01

Executive Summary

Customer-to-cash activities handled in GBS organizations are increasingly leveraging digital strategies to produce meaningful savings without compromising service quality. Indeed, the most significant benefits are reflected in measures of business value: 73% of top performers report a moderate or high impact on the experience of their customers, suppliers and employees. Further, with technological progress freeing up staff time to focus on valuecreating work, 64% of top performers have witnessed a substantial impact on enterprise profitability. But digital maturity in GBS organizations is turning out to be a double-edged sword, generating both myths and challenges to their continued relevance that customer-to-cash leaders must consider and address.

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HighRadius Integrated Receivables Software Platform is the world's only end-to-end accounts receivable software platform to lower DSO and bad-debt, automate cash posting, speed-up collections, and dispute resolution, and improve team productivity. It leverages RivanaTM Artificial Intelligence for Accounts Receivable to convert receivables faster and more effectively by using machine learning for accurate decision making across both credit and receivable processes and also enables suppliers to digitally connect with buyers via the radiusOneTM network, closing the loop from the supplier accounts receivable process to the buyer accounts payable process. Integrated Receivables have been divided into 6 distinct applications: Credit Software, EIPP Software, Cash Application Software, Deductions Software, Collections Software, and ERP Payment Gateway - covering the entire gamut of credit-to-cash.

Three Myths About Customer-to-Cash in GBS Organizations - Hackett Report

Key Takeaways

Table of Contents

Executive Summary

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Three Myths About Customer-to-Cash in GBS Organizations
- Hackett Report