Kyle Parris
Director of Product Management
nuBridges
In my blog last week, I promised that I’d share some specific, real-world examples of how enterprises are benefitting from the new generation of Managed File Transfer (MFT) solutions. And I will. But first I want to share some insights we’ve gained from speaking with a number of organizations recently.
We’ve learned that MFT solutions are significantly improving and streamlining the way these enterprises are exchanging critical information inside and outside their organization. Several enterprises noted that they’re now able to more quickly and “intelligently” respond to business events and market conditions, helping them make smarter, faster decisions. We’ve also learned that top line and bottom line results are being positively impacted by improved order-to-fulfillment processes; reduced charge-backs and returns; and improved invoice-to-cash cycles.
As promised, here are a few real-world examples that illustrate how these benefits translate into business value:
- A regional hospital system is improving revenue cycle management by eliminating billing errors, creating clean claims and streamlining billing operations across its network.
- A multi-national pharmaceutical company is sharing clinical studies to speed up the FDA-approval process, providing faster product-to-market cycles and generating revenue faster.
- With its MFT solution, a large fulfillment operation is reducing inventory discrepancies, reducing costs associated with picking errors, improving invoice payment cycles and ensuring optimal distribution of manufactured products.
- A global computer retailer is driving efficiency in its customer order-to-fulfillment processes by effectively responding to bottlenecks through notifications that drive action and inform customers about order delays. In this case, a best-in-class MFT solution is helping the retailer drive more efficiency through real-time measuring and monitoring activities.
- One of the world’s largest retailers is exchanging purchase orders, invoices and other business-critical documents with more than 15,000 global suppliers to reduce the order-to-cash cycle.
Care to share how MFT helped your bottom line? We’d love to hear from you.
Until next week,
Kyle
PS... To help enterprises analyze the solutions that are currently available, nuBridges presents a discussion of the key best practices that define enterprise-class Managed File Transfer solutions. Request a copy of the White Paper, "Best Practices in Managed File Transfer Solutions" today.
