Archive for the 'Financial Operations' Category
Workflow Management for Finance Departments - Introduction of Concepts
2 Comments|
Published by slang March 22nd, 2006 in Financial Operations
It is a constant challenge for financial executives to transform a finance department into a division that can perform value added services for the company. Before the finance department can enter the business partnering role, some back yard cleaning has to be done, which hopefully will lead to an efficient and effective finance department.
The steps […]
Order-To-Cash Cycle: An Overview, Benefits, KPA and KPI
1 Comment|
Published by slang March 22nd, 2006 in CCC, Credit Management, Finance Role/KPA/KPI, Financial Operations
GO TO MAIN PAGE COVERING ALL TOPICS ON CASH CONVERSION CYCLE/CASH OPERATING CYCLE
The Order to Cash Cycle is a tedious process, which might take about 30% of the total finance costs. If this process is overlooked & becomes inefficient, we can see the following symptoms:
high order-taking time,
high order-fulfillment error rates,
high DSO rates,
high costs of dispute […]
