What is OTC process

Question

What is OTC process

Accepted Answer

OTC process refers to Order-to-Cash process, which involves the entire cycle from receiving an order to receiving payment.

OTC process involves multiple steps such as order entry, order fulfillment, shipping, billing, and payment collection.
It starts with the creation of a sales order based on customer requirements.
The order is then processed, and the goods are picked, packed, and shipped to the customer.
After delivery, an invoice is generated and sent to the customer for payment.
Payment collection and reconciliation complete the OTC process.

Accepted Answer

(Order to cash) creating sales order, invoicing, posting account receivables against sales.

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