Automation allows for opportunities for efficiency, especially at large companies. One organization, a $1.3 billion U.S.-based manufacturer of nylon 6 resins, chemical intermediates, and fertilizers implemented automation to bring about business transformation across the enterprise. The treasury department was going through a rough phase prior to introduction of cash and liquidity forecast automation. Some of the major roadblocks the organization faced were unorganized data, inaccuracies in cash flow forecasting, along with the reliance on manual cash monitoring and reporting. Additionally, there was limited visibility to customer collections and dispute management due to lack of case approval workflows and the use of manual email communications. To tackle the situation, the organization refined its SAP environment with improved strategies and advanced technologies.
- Alamanda Balaji Kumar, ERP Finance Leader, AdvanSix Inc.