Objective : To improve the quality and reliability of accounting and reporting processes for the following cycles
Purchase-to-pay (P2P) : supplier cycle
Order-to-cash (O2C) : client cycle
Cash flow management
To identify the critical closing path and reshuffle work: anticipate non-critical path projects, optimize preparatory work for critical path tasks, standardize formats and methods, etc.
To automate manual tasks: link between accounting sales and operating revenue, integrate inventory entries, intercompany reconciliations, setting up entry integration files, etc.
1Analysis and definition
To analyze and define the current organization and target: process flow diagram, key indicators, functional needs analysis and formalization of project specifications, target definition, etc.
To optimize invoice records: set up EDI, improve invoice scanning, etc.
O2C process & cash flow
To review the process and set up a client dispute management tool
2Cash flow management
To introduce a new tool for regulation and bank reconciliations
relevance and comprehensiveness in monthly closing of accounts
and relevance of the P2P process by streamlining the validation process
Improved dispute management
with traceability and standardized processing
and turnaround time for bank reconciliations and regulations