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Account Receivables test

Account Receivables teams carry the service for over 150 companies worldwide in particular performing cash application activities, providing a daily update on customer's accounts and contributing with an accurate follow up of customer payment behavior.

The Main objectives of the Process are:

  • Implement best business practices - Secure and increase the Process "know-How" - Cost structure reduction through process alignment and automation

  • Increase the Cash application speed maintaining high quality and accuracy levels, followed with the ratio of automatic matching 

  • Contribute to improving DSO and working Capital.

 

 

 

SIPOC and Process Designs

 

 

 

 

 

 

 

Operating Procedure by Sub Processes

  • Receive & deposit customer payments
  • Apply cash remittances & credit adjustments
  • Prepare bank files for collection
  • Reconcile & justify accounts post G/L
  • Manage disputes litigations / posting related to bad debts
  • Monitoring for assignment of receivables

 

 

 

 

 

 

 

Internal Control

 

 

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