Streamlined A/R & A/P management
Overview
Integrating a company’s financial function with other departments can bring immediate insight into budgetary behavior that informs both short and long-term plans and goals. All financial data can be analyzed in direct comparison with other departmental data for stakeholder reports. Clockworx links back-office financial systems with
- Warehouse and inventory systems
- Production
- Sales and marketing
- HR and more
Purchase orders raised by any team automatically feed into financial period forecasts, link with inventory to predict production schedules, and give up-to-the-minute insight into departmental budget performance. Invoices raised can be linked with SLAs to ensure terms have been achieved and deadlines met.
Credit control is at a critical point for US manufacturing, with approximately 15% of industry receivables reaching more than 90 days past due in Q1 last year. Clockworx can automate credit control functions to assure cash flow and to achieve positive, clear customer communications.
Challenges
Managing Obligation
The Clockworx toolkit brings obligation management under control to mitigate risks in breach for heavily regulated industries.
Managing Backlog of Orders
Link the assets, contract documentation, schedules, and other related info in Clockworx’s centralized wiki-powered database for easy access and automated renewals, maintenance, ordering and more.
Managing Automation Challenges & Digital Transformation
Overcome automation hesitancy by linking legacy software with Clockworx for streamlined processes.
Managing Resources
Place resources where they are needed and where they can give their best performance by identifying strengths and gaps with insight from Clockworx features.
Capabilities
Application Integration
Integrating existing business applications through automation allows for smoother workflows and data consolidation.
Automation
Automate administrative decisions to free up resources for crucial operational decisions at a higher managerial level.
Consolidation
Consolidation gives the user contextual access to connect with documents related to user tasks.
Integration With Internal Systems
Centrally integrating apps, workflows, equipment, projects—everything—provides incomparable insight into key performance indicators.
Highly Configurable
Draw down data and place it where it is most useful and usable with highly configurable capabilities.
Order Management
Automation in the order process adds speed and accuracy for smoother management and higher customer satisfaction.
Reporting, Analytics and Tracking
Drive customer acquisition and profitability with outstanding centralized data processing capabilities for reporting, analytics and tracking insights.
Visibility Control & Data Protection
Role-based data controls keep everyone’s eyes on their own work. Central storage keeps it secure.
