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Technology companies – ranging from software developers, to contract manufacturers, to OEMs, to VARs – all must focus on timely development and delivery of product and services. The technology industry has and continues to experience rapid material, product, and service innovation, such that companies find themselves challenged to manage their products’ lifecycles.
These continual advancements require technology companies to operate with a certain level of flexibility and urgency. In order to meet consumer demand for the latest technologies, companies must manage their forecasting to ensure inventories do not become obsolete. Likewise, they must work to develop positive supplier relationships while avoiding long-term supplier contracts which might limit their ability to source the latest and greatest parts and equipment.
OPI’s Technology focused offerings have been developed to help companies achieve a high level of flexibility and efficiency in operations. By adopting an outsourced strategy for forecasting, supplier contract compliance, purchase-to-pay, and order-to-cash functions, companies are able to realize efficiencies in supply chain, production, inventory, and distribution which allow for improved management of fluctuating consumer demand. At the same time, these efficiencies drive cost savings and improved control over cash flow, which works to free up resources and capital to help fund ongoing research and development.
In addition to the full suite of finance & accounting and analytics services, some of OPI’s Technology focused solutions include:
- Purchase to Pay - PO, non-PO, and freight invoice management including scanning, workflow, matching, reconciliation, exception resolution, payment, and internal cost allocation - optimizes invoice processing, validation, and cash management.
- Order to Cash Management - order management, billing, AR age reporting, cash applications, collections - results in timely revenue recognition and improved cash flow.
- OPI Analytics - forecasting, modeling, product lifecycle pricing, bundles pricing, competitor research, market penetration studies, technology trends tracking, and so on - provides timely access to knowledge and data for more informed product planning and inventory forecasting, as well as improved analytics in support of pricing models.
- Credit Risk Management - credit analytics - proactively controls credit exposure, minimizes risk of bad debt, and rightsizes reserves.
- Contract Compliance - supplier contract compliance, freight payment pre- and post-audits - allows for superior compliance with contract details as well as improved relations with vendors, suppliers, and distributors.
- Tax - import / export taxes, tariffs, VAT - results in efficient preparation and management of international tax requirements.
- Data Management - customer services request reporting and resolution tracking, equipment/parts tracking, product defects reporting - provides efficient data management for managing customer services and product defects reporting.
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