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Process Improvement
IOFM provides best practices for managing how you get greater performance from your AR. The Institute starts with benchmarking your current performance against your peers to identify where there is opportunity for improvement. And then it requires analyzing each step of the process from maintaining the customer master file, to order processing, to billing, to cash application -- and all the while keeping an eye out for fraud and abuse.
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Four Practical Steps to Measuring AR Performance
It’s hard to convert performance goals into a business plan without knowing how much improvement is realistic. And measuring your performance and then benchmarking those results isn't easy or inexpensive. Learn the four steps to consider before measuring.
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Failing to properly maintain your customer master file (CMF) runs the risk of exposing the organization to internal and external fraud, as well as… Read More
As the Office of the CFO looks for more ways to drive growth, optimized cashflow and working capital are needed to explore new opportunities and take
… Read More
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