Take steps to strengthen your financial position

While you cannot resolve the financial struggles of your customers, you can make it easier and faster for them to pay you while also managing costs. As they transition to cloud ERPs and digitize processes, capitalize on this shift by offering electronic, automated invoicing and payment solutions aligned with their efficiency and cost savings goals. 

The integration of invoices and payments into a fully digitized order-to-cash cycle provides your customers visibility into their cash flows. They can leverage these insights to make informed payment decisions more readily to help you get paid sooner. And, with access to real-time data on the state of your receivables, you can make proactive, informed decisions for your business. 

Simplify and speed the order-to-cash process with your customers by offering them electronic and automated solutions for invoicing and payments designed to improve business continuity and deliver greater flexibility, visibility and control throughout the order cycle.  

Automated order-to-invoice matching facilitates more timely and accurate error identification and resolution. It can help you:

• Streamline AR processes
• Decrease outbound collection calls and inbound invoice inquiries
• Reduce DSO and better manage working capital 

Furthermore, advanced automation allows you to provide customers flexibility in payment channels to meet their industry-driven needs while also enabling you to gain predictability in receivables. More flexibility and adaptability moving forward enable you and your customers to navigate unexpected industry impacts down the road.

With a fully automated and digital order-to-cash process, you capture relevant, real-time insights on the state of your receivables and cash flow that help you make informed decisions for greater financial strength and stability.  

GHX is the only healthcare solutions provider able to integrate invoicing and payments into a single, electronic and automated order-to-cash process. Used in conjunction with the GHX Exchange, providers and suppliers have a holistic view into their transactions, placing payments into the context of the overall order cycle.  

GHX’s eInvoicing and ePay AR automation solutions make it easier for suppliers and providers to do business, reducing complexity, labor and costs on both sides. This helps you improve your financial standing by allowing you to deliver invoices faster, resolve customer inquiries more easily and get paid more quickly.  

Complete automation of the order-to-cash process provides you and your customers greater visibility into transactions. Based on this knowledge, you can take steps to operate in a more cost-effective manner during these challenging times and beyond. Offered through web-based portals, GHX’s solutions can be accessed remotely, keeping transactions flowing even in the event of future business disruptions.