Advan­Six had man­u­al process of send­ing invoic­es via postal mail, which impact­ed pay­ment col­lec­tions due to the lack of vis­i­bil­i­ty on when cus­tomers received invoic­es. This caused sig­nif­i­cant delay, grow­ing aver­age past due from one of their top 10 cus­tomers. Learn how Advan­Six inte­grat­ed its SAP ECC sys­tem with a cus­tomer’s ERP sys­tem using SAP PO, enabling the com­pa­ny to have an elec­tron­ic con­nec­tion to post invoic­es and track them close­ly. This sig­nif­i­cant­ly improved cycle time to col­lect cash. 

Key take­aways: 

• Elec­tron­i­cal­ly inte­grate with a cus­tomer (for invoice, cred­it mem­os, etc.). 
• Improve vis­i­bil­i­ty to invoice track­ing with customer. 
• Reduce aver­age past due with the abil­i­ty to receive cash ear­li­er, there­by improv­ing cash­flow and work­ing capital.