Accounts Receivable: Planning, Organizing, and Achieving Best Practice

What Will You Learn?

• Day 1: Introduction to Accounts Receivable Management
• Role and Importance of Accounts Receivable
• Key Functions and Responsibilities
• Overview of the Order-to-Cash (O2C) Process
• Regulatory Compliance and Internal Controls
• Day 2: Effective Planning for Accounts Receivable
• Developing a Strategic Accounts Receivable Plan
• Budgeting and Resource Allocation
• Setting Key Performance Indicators (KPIs)
• Technology Integration for Planning
• Day 3: Organizing Accounts Receivable Operations
• Organizational Structures for Accounts Receivable Teams
• Workflow Optimization and Process Mapping
• Customer Master Data Management
• Automation Tools for Organizing Receivables
• Day 4: Managing Invoice and Collections Processes
• Streamlining Invoicing and Billing
• Collections Strategies and Techniques
• Dispute Resolution and Credit Management
• Electronic Invoicing and Document Management
• Day 5: Continuous Improvement and Best Practices
• Establishing a Culture of Continuous Improvement
• Key Performance Indicators (KPIs) for Accounts Receivable
• Benchmarking and Performance Metrics
• Final Project: Implementing Planning and Organizing Practices