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Cash Application KPIs and Reporting

Course 2 of 2 in test path

Watch this tutorial to learn how to monitor cash application KPIs to achieve your business's long-term goals.

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About this Course

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description
lessonOverview

The three common cash application challenges A/R teams often face are: working with various bank file types such as lockbox services and bank lockbox services, matching huge volumes of remittances with their corresponding invoices manually, and payment reconciliation issues. Wondering how to scale up your cash posting process amongst these tough challenges?

Through cash application and A/R process management. The process aims at improving your cash flow and cash visibility and streamlines bank statements, lockboxes, customer remittances, customer portals, deductions, and email remittances.

Watch this tutorial to learn how to track and streamline these processes through cash application KPIs and tracking. Learn how to establish real-time updates on setting and standardizing company-wide cash application processes, locating and eliminating inefficiencies in processes, and improving remittance reconciliation and matching invoices accurately while improving your productivity. Watch the full tutorial to learn how to establish cash application KPIs and reporting for your business.
transcript

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resources Coming Soon
discuss Coming Soon
instructor
name title image description
John M. Donovan Advisory Services Consultant, Quote to Payment Subject Matter Expert John M. Donovan is a senior financial services executive specializing in all aspects of the Order-to-Cash and back-office processes. Managed several very large global A/R portfolios for major Fortune 100 and 500 high-growth companies in various stages of delivery and transition, as well as small companies in a startup and growth mode.
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Curriculum30 min

  • How to Select the Right Cash Application KPIs (~16 Mins)
  • Preview
    Cash Application Key Performance Indicator (KPI)
  • Six Core Reasons for Establishing KPI’s
  • Steps to Adapt Company Wide Best Practice Approach
  • Steps to Implementing Best Practice KPIs
  • Cash Application Reporting and Dashboard’s: 101
  • Cash Application KPI Checklist
  • Defining Efficiency and Effective KPIs for Cash Application (~ 6 Mins)
  • Steps to Lay the Groundwork for Your KPIs
  • Best Practices for Establishing Efficient and Effective KPIs

About this Course

promoImage
description
lessonOverview

The three common cash application challenges A/R teams often face are: working with various bank file types such as lockbox services and bank lockbox services, matching huge volumes of remittances with their corresponding invoices manually, and payment reconciliation issues. Wondering how to scale up your cash posting process amongst these tough challenges?

Through cash application and A/R process management. The process aims at improving your cash flow and cash visibility and streamlines bank statements, lockboxes, customer remittances, customer portals, deductions, and email remittances.

Watch this tutorial to learn how to track and streamline these processes through cash application KPIs and tracking. Learn how to establish real-time updates on setting and standardizing company-wide cash application processes, locating and eliminating inefficiencies in processes, and improving remittance reconciliation and matching invoices accurately while improving your productivity. Watch the full tutorial to learn how to establish cash application KPIs and reporting for your business.
transcript

Coming Soon
resources Coming Soon
discuss Coming Soon
instructor
name title image description
John M. Donovan Advisory Services Consultant, Quote to Payment Subject Matter Expert John M. Donovan is a senior financial services executive specializing in all aspects of the Order-to-Cash and back-office processes. Managed several very large global A/R portfolios for major Fortune 100 and 500 high-growth companies in various stages of delivery and transition, as well as small companies in a startup and growth mode.
recommendation
image tag title description link duration
Collections Prioritization Business Credit Report Analysis and Evaluation Tutorial Learn how to take day-to-day credit decisions, analyze a company's financial strength and discover commercial opportunities. https://academy.highako.com/trade-credit-report-analysis-course 80 min
Credit Application Credit Risk Assessment Training for Trade Creditors Learn how to assess Credit Risk and create Credit Scoring Models. Sign-up today to evaluate your customer creditworthiness. https://academy.highako.com/trade-credit-risk-assessment-course 40 Min
Collection Call Negotiations Debt Collection Calling and Negotiation Training Get maximum ROI from each call by understanding customers' behavior and identifying danger signals. https://academy.highako.com/collection-calls-best-practices-course 100 Min

Curriculum30 min

  • How to Select the Right Cash Application KPIs (~16 Mins)
  • Preview
    Cash Application Key Performance Indicator (KPI)
  • Six Core Reasons for Establishing KPI’s
  • Steps to Adapt Company Wide Best Practice Approach
  • Steps to Implementing Best Practice KPIs
  • Cash Application Reporting and Dashboard’s: 101
  • Cash Application KPI Checklist
  • Defining Efficiency and Effective KPIs for Cash Application (~ 6 Mins)
  • Steps to Lay the Groundwork for Your KPIs
  • Best Practices for Establishing Efficient and Effective KPIs
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