Order To Cash Risk Control Matrix

The official business definition of Order To Cash Risk Control Matrix (OTC RCM) is a comprehensive and flexible tool used to manage the various risks and processes associated with the order-to-cash cycle. It is typically used to identify, assess, mitigate and monitor the risk associated with each step of the order-to-cash process, from the customer’s order processing to the customer’s payment. The OTC RCM is designed to help organizations manage their order-to-cash process in a structured and organized manner. It requires organizations to be proactive in identifying and mitigating risk by developing and implementing mitigating strategies for each risk identified. It also helps identify and monitor key performance indicators that are important for the success of the order-to-cash process. The OTC RCM is also beneficial in ensuring that the right controls are in place to minimize the risk of fraud and