Order to Cash [O2C] Definition As you might know, ‘Order to Cash’ (OTC) is a common and important Financial as well as Sales&Distribution integration scenario; In this blog post, I will walk through the simple ‘Order to Cash’ steps. The generic term thus encompasses many different sub-processes. These include the receipt of the customer order, […]
Automation in Sales Process
Sales Process Sale is a complicated profession with many competing tasks that distract from revenue-generating activities. A new study of more than 720 reps shows that today’s salespeople are spending the majority of their time on activities other than sales. Nearly two-thirds (64.8%) of reps’ time, on average, is spent in non-revenue-generating activities, leaving only 35.2% for […]
Automation in Accounting Process
Manual Accounting process and its challenges Even today, in many firms the accounting process is manual, which involves repetitive tasks like Manual data entry into a computer, Manually reconciling bank statements, Paying suppliers one by one, Producing financial reports in a spreadsheet, and chasing after documents from your client. Different studies show that as much […]
Helping FCNY Give an Exceptional Flute Buying Experience to Their Customers
In this conversation, we speak with one of the leading innovators amongst flute companies, flutist Julian Rose, Chief Executive Officer of the Flute Center of New York (FCNY). For 40 years, the Flute Center of New York (FCNY) has been the largest seller of new and used flutes in North America, recognized for their expert […]
How US Compliance Leverages Automation to Improve Project Billing
In our conversation with Tim Stevenson, Partner of Finance for U.S. Compliance, we discuss the different issues they faced in streamlining their company’s project billing. They came to DBSync to improve the timeliness and accuracy of their billing by automating their data workflows between Microsoft Dynamics and their accounting system, QuickBooks. Tim shares some of […]
How SOX, FINRA, and Financial Compliance Impacts Data Backup and Retention
Public companies and financial organizations face many compliance requirements driven by external regulations or internal requirements. These have far-reaching impacts on IT’s data management and record retention strategies. To meet these mandates, publicly traded companies, their audit firms, wealth management firms and brokers need to keep abreast of requirements while minimizing the impact on DataOps […]
Key benefits of Integrating your Inventory Management Software with Accounting
Inventory management software has become an indispensable tool for many successful business owners who recognize the importance of accurate inventory management. Likewise, accounting software is invaluable for even small businesses, providing critical data on business performance. Inventory management software is a must for a business of any size, and so is accounting software to improve […]
Accounting Integration for ServiceMax
Integrate Servicemax? Definitely we can! ServiceMax is a leading provider of field service management solutions through its field service management tool built on top of Salesforce. It offers on-demand solutions that automate operational planning such as workforce optimization, advanced scheduling and dispatch, parts logistics, inventory and depot repair, and installed base entitlements.
Analytics Best Practice: Order-to-Cash Performance & more KPI’s
I am often asked as to what are the relevant reports or metrics we need to track while integrating between the Order-to-Cash process. Here is a list of reports that you will find useful while thinking through your business integration needs – mainly between CRM or eCommerce applications like Salesforce.com and Accounting systems like QuickBooks, […]
Popular Field Service Management Apps
Many businesses are constantly on the go, and thanks to technological advancements, remaining connected and up to date is much easier. Field service management (FSM) applications have greatly benefited such workforces. FSM software refers to a cloud-based system which allows companies to oversee vast sets of resources. This can range from delivery dispatch and scheduling […]
