Forecast invoice payment​​

Development of an algorithm based prediction model for early identification of overdue invoices.​
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Reduction of Days Sales Outstanding (DSO) by predicting the probability of overdue payment and thus early addressing of the customer
Integration of the forecasting process into the customer’s existing infrastructur

Challenge

A pharmaceutical company wants to optimize its working capital by identifying overdue invoices early

 

Solution

An algorithm was developed to predict whether an invoice will be paid on time, and a cost function was created to optimize the threshold for recommended actions. In addition, the algorithm was adapted to specific markets.

 

Results

The SAP procedure is ready for daily use ad a front-end visualization enables the employees to understand and use the forecast results intuitively.
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