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PeopleSoft Quote2Cash implementation by Cognizant.

PeopleSoft Quote 2 Cash (Q2C) Transformation for a Leading Healthcare Services Organization Cognizant Project Highlights PeopleSoft Financials v9.1 Quote-to-Cash 1,400 Products Addressed 900+ to be On-boarded in Requirements Implementation of Billing & Collection a Phased Manner with 250+ for > 20,000 Automation Business Gaps Customers BILLS Service Automation for 150,000 Fortune 500 Invoices Company Per Year Challenges Complex Systems Architecture with Revenue Leakage Due to Untimely Billing, Revenue Recognition & Collections 31 systems Unable to Support Aggressive Organizational Growth Quotes Tracked Primarily through E-mail & Fax - Increasing Risk of Incorrect Billing High Cost of Servicing the End Customer Manual Effort Intensive Compliance Isues and Increased Day Sales Outstanding Reconciliation of Customer Balances No End-to-end Visibility High Billing & Collection Cycle Time from Customer Contract to Billing, Collections and Revenue Recognition Solution Highlights Contract Orchestration from SFDC to Revenue Cash Fulfillment Plan & Billing Application Collections PeopleSoft for: Schedules Implemented Custom Pricing Tool for Metered Billing Product Transactions Accounting Payment Collection Automated: Entries Application Tracking Standardized, Automated Invoice Distribution Modes - E-mail, Print, EDI End-to-End Timely Balance Automated Q2C AR for: View of Customer Statements Collection Tracking Invoice Benefits Process Benefits: Technology Benefits: Process Synchronization Resulted in: Consolidated View of Customer Data: • Reduced Closure Cycle Time - 3 days/month • Cost Savings of $300,000 Annually • Invoices • Payments • Conversations Across Multiple Business Lines Increase in Level of Security 地 & Authentication Controls Ability to Track Time & Expenses Invoices Tied to a Contract & Control Billing Activity Business Benefits Defined Combined Better Policy Adherence from Standardization Flexible & Detailed Revenue Solution and Bill Plans for Service & Product Offerings & Automated Revenue Corporate - on a Common Business Platform for 1,400 wide Provided for Collections Products & Recognition Strategy Services Products & Services Cognizant Platinum Partner ORACLE' Visit us online at www.cognizant.com or follow us on © Copyright 2015, Cognizant. Twitter: Cognizant

PeopleSoft Quote2Cash implementation by Cognizant.

shared by cognizant on Jun 25
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Leading Healthcare organization saves significant annual costs through PeopleSoft Quote2Cash implementation by Cognizant.

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