Accurate finance management
Overview
Linked up purchase orders, delivery tracking, production schedules, and inventory can be shared across sales teams to create more precise pricing models, leading to improved profit margins.
When sales are confirmed, they feed back into the production workflow, generating automatic ordering, shipping, and more. When finance is looped into this workflow, invoicing can be automated, and, critically, so can credit control.
Nearly a third of manufacturers reported debtors’ unpaid invoices breaching 30 days past due in 2021’s first quarter. Easing some of that burden with automation is a cash flow win. For the rest, it requires escalation. Those debtors need a personalized approach from a sales account manager or a credit controller—or both.
Clockworx can help by:
- Keeping both teams in communication about customer account status
- Sharing comms logs for credit control
- Automating escalations when customized criteria are achieved (e.g. looping in a more senior manager)
- Linking logged sales with paid/unpaid accounts for real performance analysis
Challenges
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.
Tracking Deadlines
Get oversight of all project phases, deadlines and team performance with project management capabilities on the Clockworx dashboard.
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.
Managing Workforce Shortage
Target new talent and hold on to experience with Clockworx’s knowledge-sharing capabilities and external integrations.
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.
Order Management
Automation in the order process adds speed and accuracy for smoother management and higher customer satisfaction.
Team Communication and Collaboration
Everyone is singing off the same sheet when knowledgebase architecture underpins collaboration capabilities.
Sales and Marketing
Highly configurable analytics and automated marketing capabilities provide quality leads and improved sales.
Reporting, Analytics and Tracking
Drive customer acquisition and profitability with outstanding centralized data processing capabilities for reporting, analytics and tracking insights.
