Accounts Receivable Toolkit

Save time, empower your teams and effectively upgrade your processes with access to this practical Accounts Receivable Toolkit and guide. Address common challenges with best-practice templates, step-by-step work plans and maturity diagnostics for any Accounts Receivable related project.

Download the Toolkit and in Three Steps you will be guided from idea to implementation results.

The Toolkit contains the following practical and powerful enablers with new and updated Accounts Receivable specific requirements:

STEP 1: Get your bearings

Start with...


• The latest quick edition of the Accounts Receivable Self Assessment book in PDF containing 49 requirements to perform a quickscan, get an overview and share with stakeholders.


Organized in a data driven improvement cycle RDMAICS (Recognize, Define, Measure, Analyze, Improve, Control and Sustain), check the…


• Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation


Then find your goals...

STEP 2: Set concrete goals, tasks, dates and numbers you can track

Featuring 996 new and updated case-based questions, organized into seven core areas of process design, this Self-Assessment will help you identify areas in which Accounts Receivable improvements can be made.

Examples; 10 of the 996 standard requirements:


1. In what ways do data visualization tools enable the accounts receivable team to analyze and understand the impact of external factors such as economic trends or regulatory changes on the organization's Accounts Receivable?
   
   

2. How does the organization's use of data mining and analytics influence the development of predictive models for identifying high-risk customers and adjusting credit limits accordingly in Accounts Receivable management?
   
   

3. In what ways can data mining and analytics be used to measure and optimize the performance of Accounts Receivable teams, including key performance indicators such as days sales outstanding and bad debt expense?
   
   

4. What role do data visualization tools play in enabling the accounts receivable team to track and measure key performance indicators (KPIs) such as days sales outstanding (DSO) or average days delinquent (ADD)?
   
   

5. What role does data mining and analytics play in identifying trends and patterns in customer behavior that can inform the development of targeted collection strategies and improve receivables recovery?
   
   

6. How does data mining and analytics facilitate the integration of Accounts Receivable data with other business systems, such as ERP or CRM, to provide a more comprehensive view of customer interactions?
   
   

7. What insights can data mining and analytics provide into the root causes of disputes and deductions, enabling the development of strategies to reduce their incidence and improve customer relationships?
   
   

8. How do data visualization tools enable the accounts receivable team to analyze and understand the impact of different pricing models or discount structures on the organization's revenue and cash flow?
   
   

9. What are the procedures for evaluating the presentation and disclosure of accounts receivable in the financial statements, and how are they assessed for compliance with relevant accounting standards?
   
   

10. What role does data mining and analytics play in identifying and mitigating the risk of concentration risk, where a small number of customers represent a large proportion of outstanding receivables?
    
    


Complete the self assessment, on your own or with a team in a workshop setting. Use the workbook together with the self assessment requirements spreadsheet:


• The workbook is the latest in-depth complete edition of the Accounts Receivable book in PDF containing 996 requirements, which criteria correspond to the criteria in...


Your Accounts Receivable self-assessment dashboard which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next:


• The Self-Assessment Excel Dashboard; with the Accounts Receivable Self-Assessment and Scorecard you will develop a clear picture of which Accounts Receivable areas need attention, which requirements you should focus on and who will be responsible for them:
  
  


• Shows your organization instant insight in areas for improvement: Auto generates reports, radar chart for maturity assessment, insights per process and participant and bespoke, ready to use, RACI Matrix

• Gives you a professional Dashboard to guide and perform a thorough Accounts Receivable Self-Assessment

• Is secure: Ensures offline data protection of your Self-Assessment results

• Dynamically prioritized projects-ready RACI Matrix shows your organization exactly what to do next:



STEP 3: Implement, Track, follow up and revise strategy

The outcomes of STEP 2, the self assessment, are the inputs for STEP 3; Start and manage Accounts Receivable projects with the 62 implementation resources:


• 62 step-by-step Accounts Receivable Project Management Form Templates covering over 1500 Accounts Receivable project requirements and success criteria:


Examples; 10 of the check box criteria:


1. Risk Audit: Does your organization have any policies or procedures to guide its decision-making (code of conduct for the board, conflict of interest policy, etc.)?
   
   

2. Schedule Management Plan: Where is the scheduling tool and who has access to it to view it?
   
   

3. Requirements Management Plan: The wbs is developed as part of a joint planning session. and how do you know that youhave done this right?
   
   

4. Quality Metrics: Have alternatives been defined in the event that failure occurs?
   
   

5. Lessons Learned: What were the problems encountered in the Accounts Receivable project-functional area relationship, why, and how could they be fixed?
   
   

6. Scope Management Plan: Is an industry recognized mechanized support tool(s) being used for Accounts Receivable project scheduling & tracking?
   
   

7. Variance Analysis: Is work properly classified as measured effort, LOE, or apportioned effort and appropriately separated?
   
   

8. Scope Management Plan: Are Accounts Receivable project leaders committed to this Accounts Receivable project full time?
   
   

9. Activity Cost Estimates: Is there anything unique in this Accounts Receivable projects scope statement that will affect resources?
   
   

10. Scope Management Plan: Are measurements and feedback mechanisms incorporated in tracking work effort & refining work estimating techniques?


 
Step-by-step and complete Accounts Receivable Project Management Forms and Templates including check box criteria and templates.

1.0 Initiating Process Group:


• 1.1 Accounts Receivable project Charter

• 1.2 Stakeholder Register

• 1.3 Stakeholder Analysis Matrix


2.0 Planning Process Group:


• 2.1 Accounts Receivable project Management Plan

• 2.2 Scope Management Plan

• 2.3 Requirements Management Plan

• 2.4 Requirements Documentation

• 2.5 Requirements Traceability Matrix

• 2.6 Accounts Receivable project Scope Statement

• 2.7 Assumption and Constraint Log

• 2.8 Work Breakdown Structure

• 2.9 WBS Dictionary

• 2.10 Schedule Management Plan

• 2.11 Activity List

• 2.12 Activity Attributes

• 2.13 Milestone List

• 2.14 Network Diagram

• 2.15 Activity Resource Requirements

• 2.16 Resource Breakdown Structure

• 2.17 Activity Duration Estimates

• 2.18 Duration Estimating Worksheet

• 2.19 Accounts Receivable project Schedule

• 2.20 Cost Management Plan

• 2.21 Activity Cost Estimates

• 2.22 Cost Estimating Worksheet

• 2.23 Cost Baseline

• 2.24 Quality Management Plan

• 2.25 Quality Metrics

• 2.26 Process Improvement Plan

• 2.27 Responsibility Assignment Matrix

• 2.28 Roles and Responsibilities

• 2.29 Human Resource Management Plan

• 2.30 Communications Management Plan

• 2.31 Risk Management Plan

• 2.32 Risk Register

• 2.33 Probability and Impact Assessment

• 2.34 Probability and Impact Matrix

• 2.35 Risk Data Sheet

• 2.36 Procurement Management Plan

• 2.37 Source Selection Criteria

• 2.38 Stakeholder Management Plan

• 2.39 Change Management Plan


3.0 Executing Process Group:


• 3.1 Team Member Status Report

• 3.2 Change Request

• 3.3 Change Log

• 3.4 Decision Log

• 3.5 Quality Audit

• 3.6 Team Directory

• 3.7 Team Operating Agreement

• 3.8 Team Performance Assessment

• 3.9 Team Member Performance Assessment

• 3.10 Issue Log


4.0 Monitoring and Controlling Process Group:


• 4.1 Accounts Receivable project Performance Report

• 4.2 Variance Analysis

• 4.3 Earned Value Status

• 4.4 Risk Audit

• 4.5 Contractor Status Report

• 4.6 Formal Acceptance


5.0 Closing Process Group:


• 5.1 Procurement Audit

• 5.2 Contract Close-Out

• 5.3 Accounts Receivable project or Phase Close-Out

• 5.4 Lessons Learned


Results

With this Three Step process you will have all the tools you need for any Accounts Receivable project with this in-depth Accounts Receivable Toolkit.

In using the Toolkit you will be better able to:


• Diagnose Accounts Receivable projects, initiatives, organizations, businesses and processes using accepted diagnostic standards and practices

• Implement evidence-based best practice strategies aligned with overall goals

• Integrate recent advances in Accounts Receivable and put process design strategies into practice according to best practice guidelines


Defining, designing, creating, and implementing a process to solve a business challenge or meet a business objective is the most valuable role; In EVERY company, organization and department.

Unless you are talking a one-time, single-use project within a business, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, 'What are we really trying to accomplish here? And is there a different way to look at it?'

This Toolkit empowers people to do just that - whether their title is entrepreneur, manager, consultant, (Vice-)President, CxO etc... - they are the people who rule the future. They are the person who asks the right questions to make Accounts Receivable investments work better.

This Accounts Receivable All-Inclusive Toolkit enables You to be that person.

Includes lifetime updates

Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.