Tray.io, the leader in low-code automation and integration, launched a new order-to-cash solution for finance and operations teams to automate and accelerate the payment collection process while eliminating departmental silos and reducing data entry errors. Tray.io’s order-to-cash solution offers new workflow templates to automate actions across the multiple stages of the order-to-cash (O2C) process — which includes the critical steps involved from the moment a sale is closed to the creation of a corresponding sales order in the ERP and syncing of payment and invoice information back to the CRM. Customers including Mixpanel and Udemy are using Tray.io to expedite their O2C processes, reducing the manual work involved in entering orders, reconciling revenue and pursuing outstanding payments and invoices. With the time saved, their teams are now prioritizing mission-critical financial and accounting projects that increase profitability and drive their businesses forward.
In the current economic climate, where capital is scarce, finance teams are doubling down on business fundamentals to weather the storm and maintain market share. CFOs are now prioritizing steady cash flow and increased profitability. To achieve these objectives, finance leaders are focusing on transforming traditionally manual workflows, particularly the O2C process.
“The unchecked proliferation of SaaS applications across the enterprise has driven departmental operations teams to low-code iPaaS solutions that give them the ability to transform fragmented processes into powerful business outcomes,” said Rich Waldron, co-founder and CEO, Tray.io. “With Tray.io’s AI-augmented low-code platform, extensive library of connectors and the governance capabilities IT demands, finance teams who are intimately familiar with their O2C processes now have the flexibility, speed and control they need to solve their business issues and establish steady cash flows.”
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Tray.io Automates and Accelerates Order-to-cash Processes
Unlike other low-code and iPaaS products, Tray.io’s powerful platform offers organizations a flexible and cloud-first approach to drive automation and integration velocity at scale. The following order-to-cash features available on the Tray Platform allow teams to reduce manual work, collect payments faster and create more seamless customer experiences:
- New Salesforce and NetSuite templates accelerate order-to-cash automation: Templates provide customers with ready-built, pre-packaged workflows that help them save time and quickly jumpstart the automation building process. The new Salesforce Account to NetSuite Customer template and Salesforce Opportunity to NetSuite Sales Order template are triggered to start when a deal is marked “closed won” in Salesforce, causing a corresponding sales order, account and contact in NetSuite to be automatically created.
- Expanded ERP connectivity to NetSuite ecosystem for more seamless integration experiences: Updated endpoints and newly segmented NetSuite REST and SOAP API connectors equip teams to more easily build and maintain NetSuite workflows. These additions to the NetSuite connector complement Tray.io’s existing library of ERP connectors, including SAP, Oracle and Microsoft Dynamics.
SOURCE: Businesswire