Revenue Risk Management with OpsVeda

Experience and knowledge gained from past failures have been the primary tools that most enterprises use when focusing on revenue risk management. Though experience within upper management is an irreplaceable asset, it is often subjective and does not always trickle down to other employees who may be managing your company’s capital. There will always be new factors as well, such as custom order requirements, non-compliance charges and internal process changes. Predictive measures must be in place for any business in order to gain comfort about predictability of their cash flow.

Current/future supply and current/future demand are all needed to maintain an edge in today’s competitive landscape but are very difficult to make sense of with common ERP systems. Proper forecasting and preventative measures must be in place in order to maximize what we get out of our employees and profit centers.

Challenges

Revenue issues and threats to profits present themselves every day in nearly all enterprises. Perhaps the most difficult challenge aside from mitigating the risks is predicting where they may appear. With the need to be flexible, many businesses are faced with a wider variety of products than ever before. With ever-changing trends, product life cycles are also becoming very short. These complexities make it very difficult to determine which customer orders to expedite and how to prioritize backlogs. Risks come forth with all of these challenges and if the correct action is not taken, further damage to profits and customer satisfaction may occur.

Internal and external influences both present difficulties to business leaders looking to maximize their revenue. The fact that many systems and digital tasks rely on IT departments slows down risk mitigation and takes employees away from their core functions.

How much demand will be unfilled because of vendor delays? How much demand can I meet if all vendors are able to expedite? What percentage of my demand is complete? These are all challenging questions that must be answered to maintain maximized cash flow and minimize revenue risk.

Solution

The OpsVeda solution for Revenue Risk Management runs on the OpsVeda platform, an AI and automation enabled real-time process focused platform that allows wide ranging flexibility to the enterprise to optimize decisions pertaining to some of the most critical revenue risks it might encounter.

OpsVeda’s risk management solution helps financial teams to address cash flow driven exceptions in a highly proactive, efficient and scalable manner. The solution provides visibility across process steps, leading to reduced lead times, increased savings and improved customer satisfaction. A real-time view of backlogs, unconfirmed orders and the ability to draw on filtered and prioritized task lists provide quick relief.
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Interactive storyboards that are easily configurable for a business’s unique needs draw their power from key features native to the OpsVeda platform:

Real-time view of backlogs and unconfirmed orders

Discover where cash flow issues may arise before they happen and secure revenue quickly.

Filtered and prioritized task list

View actions that can mitigate risk in a by-value fashion.

Patented software technology with machine learning

OpsVeda’s exclusive software (patent no: US 9,639,595 & US 10,467,550) provides the platform with machine learning capabilities, allowing you to work with the software to automatically resolve issues and predict future risks.

Business authored rules

Integrate the specific policies and procedures unique to your enterprise.
The Revenue Risk Management solution powered by these capabilities delivers insight that is based on demand, supply and available inventory This gives you a look at your entire book of business and the ability to look at revenue potential of any time period.
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Benefits

The advantage the OpsVeda Revenue Risk Management solution has over other software options is the benefit of being able to effortlessly manage and mitigate revenue risk. Other software and strategies will require much more input and time. OpsVeda customers have boasted several specific benefits due to using the Revenue Risk Management solutions:

Increased revenue

Proactive identification and addressing of risks leads to higher revenue and improved customer satisfaction.

Improved collaboration

When you are clear about the transactions that need your teams’ or your vendor’s attention, collaboration becomes a lot easier.

Better forecasting

When all risks are visible and accurately classified, the estimates provided to the management team will be far more reliable and hence actionable.

Improved productivity

The system helps zero in on the root causes of various risks ensuring that teams are not spending time on unnecessary spreadsheet-based analysis.
The Revenue Risk Management solution offered by OpsVeda enables managers to proactively identify and mitigate risks. It gives them visibility to various demand elements that are at risk as well as the source and nature of the risks. Maximizing revenue and margins can become a reality with OpsVeda with its AI powered real-time operational intelligence.

Having OpsVeda’s solutions can be instrumental in improving the efficiency of a company’s supply chain. The ability to satisfy customer demands more effectively through using this platform can give way to lower operating costs and greater sales capacity for new customers.

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