What does "quote cash" mean?

also known as QTC or Q2C, "Quote to Cash" is a term used to describe the process of organizing a business process from the very beginning to the final resolution. The process usually begins by issuing an offer for goods or services to a potential client and completing when the payment for these products is accepted and recorded in the company's accounting records. Although there are several different strategies used to identify each of the steps included in this business process end-to-end, most aspects of approach are considered to be common elements in any supply chain management and customer management strategy. Usually, the idea is that the offer is as accurate as possible, although there is usually an understanding that the quote does not pose a final offer from the supplier's supplier and that the final selling price may change if some mitigating circumstances appear. The quotation serves the purpose of providing the basis for the ongoing dialogue between the seller and the potential client.

In many cases, the quote will be transferred to the sales order and the price will be transferred from the offer directly to the order. This cash process segment moves the relationship to a new level because the customer decides to accept prices and place an order with the supplier. The order management process involves reviewing your order with the customer to make sure it is accurate, and then sending the order to be met by the usual channels provided in the supplier's operation.

After receiving the sale order, the cash processes offer will move to the order compliance phase. Here the seller is moving to prepare the According order for the terms of the agreement between the customer and the seller. Once the order is ready, it is delivered to the client. At this stage, the client is responsible for reviewing the delivered order. If there are any problems, it must be reported to the supplier quickly, allowing you to take steps to repairThe problem and provide the client with satisfaction.

assuming there are no problems with the nature of delivery and delivered items, the cash menu goes to the next step of the billing of the order. The invoice provides the customer the documentation necessary to make a time of payment. In most cases, a copy of the invoice is included in the transmission of payments or is referred to the invoice number together with the remitted payment. This allows the supplier to receive and record the payment correctly, use the amount for an open invoice and deducting the payment of the total out of the customer's account. Once the paymje used it, the quote of the cash process is considered complete.