GetBilled: Increase Free Cashflow & Reduce DSO

Across industries with complex SAP Order to Invoice processes, 9–18% or more of revenue is trapped every month in unbilled accounts, delayed billing cycles, and invoice disputes. For a
$5B enterprise, this means $450M–$900M locked away annually. Industry research confirms that more than half of global companies have seen their AR performance decline (per working
capital reports (e.g., Deloitte, The Hackett Group, PwC, and EY studies)), causing serious working capital erosion, raising the urgency of AR / billing optimization.

Free Cashflow is the life blood of any organization. Days Sales Outstanding (DSO) is a Key Performance Indicator (KPI) that measures and monitors the accounts receivables of an
organization. The Order to Cash (OTC) cycle can be broken into 2 parts: Billing Cycle Time (BCT), which includes invoice creation and submission, and Payments by the Customer. The
organization’s billing department has full control of the BCT cycle. But the Customer controls the Payment cycle.

Invoices need to be created as soon as possible to reduce BCT waste and should be of high quality and complete with no defects, i.e., the precise Customer requirements, so that when
they are received by the Customer, they get approved and paid the first time with no disputes or escapes. The root causes of high BCT and invoice incompleteness can be broken into three
main areas related to: process, systems, and governance.

Organizations need to use a Lean Six Sigma (LSS) methodology to have agile BCT processes, and practices to reduce waste and ensure high quality invoices, without defects are submitted,
preventing escapes that cause disputes. The result will be lower DSOs and increased free cash flow.

This white paper describes how GetBilled uses Lean Six Sigma (LSS) as unique components of the digital transformation of your organization’s Order to Cash (OTC) process. Successful
adoption of GetBilled will provide agility by giving the people a tool to monitor and measure real time, key steps in the OTC process to ensure timely submission and creation of high
quality, complete invoices. Data and information are kept current in the ERP system as they are entered and available to all who have access. The digitization and agility of the OTC process
also provide the governance needed for success using GetBilled.

GetBilled is an SAP add-on certified for integration with SAP NetWeaver and SAP S/4HANA. It is also integrated and interfaced with Salesforce and several analytical tools.

Learn more by downloading this whitepaper.