Billing and Collections Toolkit

Save time, empower your teams and effectively upgrade your processes with access to this practical Billing and Collections Toolkit and guide. Address common challenges with best-practice templates, step-by-step work plans and maturity diagnostics for any Billing and Collections 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 Billing and Collections specific requirements:

STEP 1: Get your bearings

Start with...


• The latest quick edition of the Billing and Collections 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 Billing and Collections improvements can be made.

Examples; 10 of the 996 standard requirements:


1. How likely is the current skills shortage to impact your decision to outsource finance and accounting tasks like invoice processing and invoice payment, if at all?
   
   

2. How will digitization of payment methods, inventory, financial systems, and supply chain fulfillment evolve to meet the needs for flexibility and innovation?
   
   

3. Can technological solutions assist with the collection, verification and storing of personal information and what are the privacy implications?
   
   

4. What show is the lifecycle chart of a case and the different stages of collections through pre processing, processing, review, and production?
   
   

5. Are there certain collections that you would be more comfortable accepting over others at this time, based on material type?
   
   

6. Are made to third parties concerned with recorded, access to reflect amounts to focus from looking to accounts receivable?
   
   

7. How much experience does the manager have in working out distressed or defaulted debt and how good is its track record?
   
   

8. What does an increasing collection period for accounts receivable suggest about your organizations credit policy?
   
   

9. Does the unit have a training program for new staff, or staff accepting new payment processing responsibilities?
   
   

10. How can learners analyze business transactions using fit accounts to understand the impact on your organization?
    
    


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 Billing and Collections book in PDF containing 996 requirements, which criteria correspond to the criteria in...


Your Billing and Collections 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 Billing and Collections Self-Assessment and Scorecard you will develop a clear picture of which Billing and Collections 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 Billing and Collections 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 Billing and Collections projects with the 62 implementation resources:


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


Examples; 10 of the check box criteria:


1. Monitoring and Controlling Process Group: What input will you be required to provide the Billing and Collections project team?
   
   

2. Activity Cost Estimates: Is there anything unique in this Billing and Collections projects scope statement that will affect resources?
   
   

3. Risk Management Plan: Risks should be identified during which phase of Billing and Collections project management life cycle?
   
   

4. Change Management Plan: Why is the initiative is being undertaken - What are the business drivers?
   
   

5. Monitoring and Controlling Process Group: How well defined and documented were the Billing and Collections project management processes you chose to use?
   
   

6. Procurement Audit: Does the procurement function/unit understand costumer needs, supply markets and suppliers?
   
   

7. Human Resource Management Plan: Is your organization certified as a supplier, wholesaler, regular dealer, or manufacturer of corresponding products/supplies?
   
   

8. Activity Cost Estimates: Who & what determines the need for contracted services?
   
   

9. Responsibility Assignment Matrix: What happens when others get pulled for higher priority Billing and Collections projects?
   
   

10. Risk Management Plan: Risk documentation: what reporting formats and processes will be used for risk management activities?


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

1.0 Initiating Process Group:


• 1.1 Billing and Collections project Charter

• 1.2 Stakeholder Register

• 1.3 Stakeholder Analysis Matrix


2.0 Planning Process Group:


• 2.1 Billing and Collections project Management Plan

• 2.2 Scope Management Plan

• 2.3 Requirements Management Plan

• 2.4 Requirements Documentation

• 2.5 Requirements Traceability Matrix

• 2.6 Billing and Collections 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 Billing and Collections 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 Billing and Collections 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 Billing and Collections 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 Billing and Collections project with this in-depth Billing and Collections Toolkit.

In using the Toolkit you will be better able to:


• Diagnose Billing and Collections 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 Billing and Collections 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 Billing and Collections investments work better.

This Billing and Collections 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.