Case study – Receivable Management E A Balasubramanian 9880566331
Client Leading facility management company with 22000 employees and Rs 300 crore turnover Business Chal enge Business is looking at reduction in Write off and deduction from invoices by customer. This wil help the company to improve profitability and also help in col ection process. Chal enges Business has multi sites for customer and raising invoices is partial y manual. The raising of invoices for timely col ection and ensuring employees deployed in site are paid on time is a huge chal enge. Identification and resolution of deduction by customer and ensuring either it is disputed and taken up with the customer or deduction accounted in timely manner is chal enge and it results in business accepting the deductions.
Solution Attendance Anywhere (AA) Indiranagar Sahakara nagara Sarjapur Road Electronic City • Replace manual attendance process with cost effective mobile based • AA wil help to reduce the cycle time of raising invoices • AA wil improve accuracy of bil ing done • AA eliminates / reduces client confirming the attendance step – which helps in reducing the cycle time raising bil ing • AA provides real time visibility of people present across sites – for better Benefits manpower planning, over time management • Real time / near real time reporting – MIS and Dash board
Solution Receivable Management System Receipt entry Customer data from ERP Classify deduction Scan invoice and CN Raise request for CN Capture interaction, promise to pay date and invoice status details Col ection planning & fol ow up
Solution Information available in one place – click of a button Deductions classified and captured at the time of receipt entry Col ection fol ow up, promise to pay date, invoice dispute al the information captured and visible to al the stake holders Invoice wise col ection planning through the system - daily col ection alerts Plan vs actual automatic reporting Benefits Plan vsactual automatic reporting Deduction classification used for making provision in the books Benefits Colection monitoring dash boards, ageing colection folow ups and status visible online for al the stakeholders Customer response / remarks updated against each invoice – which is visible for al stakeholders Customer past performance can be used at the time of renewal of the contract