As you might already know, Agiboo takes the ‘RM’-part of CTRM very seriously. Agiblocks offers risk managers everything from OTC contracting and What If-analysis to real-time position management and mark to market. It even provides an integrated Value at Risk (VaR) engine that allows you to calculate your value at risk based on any selection of your business aspects – or even your entire portfolio – without the hassle of a complicated Monte Carlo or other cumbersome computations. The information generated by our software can prove critical in your risk management activities and help you make decisions concerning your risk exposure, in real-time and wherever you need it.
But did you also know that our flagship software offers a wealth of assistance when it comes to business processes such as Procure to Pay (P2P) and Order to Cash (O2C), that manage purchasing and sales? In fact, business automation is such a big part of our full range of functionality that it might as well be called CTRMBA software.
Business automation
As with all things Agiblocks, business process automation is there to streamline your day. It enhances efficiency and productivity, removes human errors and optimizes your daily workflow. Improves cash flow, faster processing, lower costs and saying goodbye to paper trails are just a few of the benefits here. From process to task to workflow automation, Agiblocks offers both simple and complex solutions that support work as a commodity trader all the way up to the important stuff, including risk management and decision making.
P2P: Procure to Pay
Procure to Pay covers buying goods and services from suppliers and making payments. It starts with identifying a need, creating a purchase order, receiving the goods, verifying the supplier’s invoice, and ends with making the payment.
The goal is to ensure efficient procurement and timely payments.
P2P is especially important for large (international) organizations, especially trading companies. This is due to the volume and/or complexity of the goods or services to be procured. In addition, these companies usually work with many different suppliers, as a result of which the overview of prices and conditions is quickly lost.
O2C: Order to Cash
O2C involves taking customer orders and ensuring timely payment. It starts with order placement, moves through order fulfillment, invoicing, and ends with payment collection.
The aim is to streamline sales, improve customer satisfaction, and ensure timely revenue collection. Streamlining the O2C process takes a lot of manual work out of the finance department’s hands and in return allows them to focus on the more important stuff.
When it comes to P2P and O2C, these are two quite different approaches. As explained, the former is related to procurement, while the latter has to do with sales. Which is to say, P2P has to do with process orders places by the company (connected to accounts payable, involving vendors or suppliers), while O2C is related to orders placed by customers (accounts receivable). Other than that, both are critical for managing cash flow, procurement efficiency, and customer satisfaction in a business.
So, both are invariably part of the Agiblocks dashboard of features.
Request a demo
Experience our CTRM software solution for free and get a front-row seat to all the benefits Agiblocks has to offer with our free demo. The full range of functionality is available within the demo environment for your browsing leisure. Familiarize yourself with the tools and features of our powerful and agile software solution and find out how you can make the daily practices of commodity trade and risk management more efficient.
Click on the demo button below!
