Two B2B companies are taking advantage of their mutual client bases to develop a joint order-to-cash offering, reports said this week.
Order-to-cash firm Anachron said on Thursday (May 26) that it inked a deal with process management technology company Paragon to develop a way to streamline documentation associated with the order-to-cash process.
The collaboration marks the latest addition to Anachron's list of partnerships to link its order-to-cash tool to more businesses.
The solution automates businesses' ability to deliver invoices and other related documents across channels and across formats. With a focus on large and mid-sized corporations, the firm enables end-to-end management of the sales process, from credit checks to contracts, eInvoicing and digital payments.
The firms said Paragon will provide its document management solution to the joint venture.
"Paragon is constantly on the lookout for ways in which we can integrate our own proprietary technologies with others in order to enhance and improve the breadth of service we can offer to our clients," Paragon Business Development Director Steve Berney said in a statement. "Our collaborative and open partnership with Anachron will enable us to offer a full output program to customers for their complete billing and invoicing process, as well as other documentation."
Last year, Anachron announced another partnership to focus on the payments side of the order-to-cash process.
The company collaborated with payment service provider Buckaroo to boost Anachron's Accept2Pay solution, a mechanism by which companies can accept electronic payments.
Anachron has also secured partnerships with government agencies, revealing last year that it had integrated its eInvoicing offering into Spain's federal FACe eInvoicing network.