Equifax UK has expanded its partnership with prominent fintech provider, FIS, to launch Order to Cash™, a cloud-native, end-to-end solution for cash collections and credit control. 

Order to Cash is an integrated platform that automates processes, workflows, and collaboration across the credit-to-cash cycle, helping to address inefficiencies in accounts receivable management. Leveraging data analytics and cloud-native technology, Order to Cash empowers businesses to get paid quicker, improve cash flow and manage credit risk. 

Collections are quickly becoming an increasingly important area of risk for CFOs and finance departments. According to research by Barclays, Approximately 58% of B2B invoices in the UK are reported as overdue, and 73% of UK businesses experience negative consequences of some kind due to late invoices.

By combining technology from FIS with commercial data and risk insights from Equifax UK, this partnership offers a comprehensive solution, empowering clients with the confidence and capabilities needed to expand their businesses. 

The new solution enhances existing commercial credit risk offerings from Equifax UK by adding order-to-cash, collections, and B2B risk flagging capabilities.

Matt Jones, Director of Strategic Alliances and Partnerships at Equifax UK, said: “Our vision is to transform the finance department into a key player in business growth. By removing friction from finance processes and creating revenue opportunities, we want to ensure that cash ends up where it belongs – on balance sheets, funding innovation and growth – and not stranded in the friction of commerce. Through our partnership with FIS, we are helping to deliver a comprehensive solution, positioning finance as a strategic asset rather than just an operational necessity and empowering CFOs to optimise their entire credit-to-cash cycle.”

Norman Marraccini, SVP, Group Executive at FIS, said: “Our partnership with Equifax UK reflects a shared commitment to helping businesses tackle real challenges in credit and collections. With Order to Cash, we’re combining data-driven insights and modern technology to simplify finance operations and support better decision-making across the credit-to-cash cycle.”

Source:
Barclays press release