Redesigning the accounts receivables process for competitive advantage

Companies can attain real cost benefits by taking the opportunity to redesign and thus enhance their accounts receivables process says HSBC.
  • Companies can attain real cost benefits by taking the opportunity to redesign, and thus enhance, their accounts receivable processes.
  • These benefits can be achieved by improving the collection process, receipt and processing of receivables information, billing and invoice management, and by integrating accounts and automating processing activities.
  • Cost savings can therefore be achieved and losses and delays
    cut by increasing operational efficiency, and by leveraging more enriched and timely information.
  • Through optimisation companies gain improved working capital management, operate more cost-effectively, and credibly differentiate themselves from
    their competitors.

Managing the turnover of accounts receivable is an integral part of working capital management. Accounts...

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