Engaging in the exercise of reviewing and documenting your company's business processes is the first step in learning exactly how work is being performed, where the opportunities for improvement lie and what bottlenecks and inefficiencies exist. Once identified, steps can be taken to develop solutions and introduce new processes.
Making business decisions without clearly understanding the details of how a process works, can lead to costly mistakes and create inefficient working situations.
This guide will provide you with high-level process steps for Order to Cash.
Order to cash includes process steps for managing marketing plans, sales plans, processing accounts receivable and revenue accounting.
This guide will cover the following topics:
• An explanation of the hierarchy of process mapping
• Level 1, 2 and 3 process steps in the Order to Cash process
• Elements of a process flow diagram
Included with this PowerPoint document you will also receive an Excel process grid that outlines Level 1, 2 and 3 process steps in the Order to Cash process.
This is one document, part of a Process Map Series. If you would like to understand what Process Mapping is, please purchase Introduction to Process Mapping.
Other documents in this series include:
• Introduction to Process Mapping
• Procure to Pay
• Hire to Retire
• Planning and Management Accounting
• Tax Management
This PPT delves into the granular details of the Order to Cash process, breaking down each phase into actionable steps. From establishing credit policies to managing delinquent accounts, it provides a comprehensive roadmap for optimizing revenue operations. The inclusion of Level 3 and Level 4 process steps ensures that no aspect of the process is overlooked, offering a meticulous approach to managing accounts receivable and performing revenue accounting. This guide is an indispensable tool for executives aiming to streamline their financial workflows and enhance operational efficiency.
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Source: Best Practices in Process Maps, Process Mapping, Order Management PowerPoint Slides: Process Map Series: Order to Cash PowerPoint (PPT) Presentation Slide Deck, BusinessRules
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