The Invoice-To-Cash Process (or ITC) is the process of collecting payments from customers for invoices or services provided. It’s a critical component to any successful business, as it ensures that funds are collected in a timely manner and keeps cash flow steady. It includes activities such as issuing invoices, monitoring payment status, and sending reminders or statements. In addition, it may also include collections activities if a customer does not pay on time. By implementing an effective Invoice-To-Cash process, businesses can ensure accurate tracking of all their accounts receivables and maximize their cash flow.