Optimizing Back Office Operations: Best Practices to Maximize ProfitabilityAccording to industry experts, a typical one billion dollar company spends approximately $27 million on unnecessary working capital and inefficient processing functions because they lack visibility into the financial supply chain. Optimizing Back Office Operations: Best Practices to Maximize Profitability uses examples and case studies to show how cost optimization—and not cost reduction—in the core back office operations is the right approach to maximizing profitability and enterprise value. Implementation guidance is provided for Executives, CFOs, and Controllers on transitioning from outdated processes to a fully-optimized financial supply chain. |
Contents
Strategic Choices | 27 |
Entering | 45 |
Working Capital Processes | 59 |
Conclusion | 65 |
A System | 69 |
Process Optimization | 86 |
Conclusion | 92 |
Optimizing Accounts Receivable | 125 |
Optimizing Purchasing | 147 |
Optimizing Treasury Operations | 171 |
Epilogue | 203 |
Other editions - View all
Optimizing Back Office Operations: Best Practices to Maximize Profitability Zahid Khalid Limited preview - 2010 |
Optimizing Back Office Operations: Best Practices to Maximize Profitability Zahid Khalid No preview available - 2010 |
Optimizing Back Office Operations: Best Practices to Maximize Profitability Zahid Khalid No preview available - 2010 |
Common terms and phrases
A/P function A/P process accounts payable accounts receivable achieve analysis approach assets automation banks Basware benefits best practices business enterprise buyer capabilities capital cash conversion cycle cash flow cash forecasting cash management companies company’s competitive components core corporate creating decision Dr Pepper efficiency electronic enables end-to-end enterprise resource planning enterprise value equity ERP platform factors financial back financial back-office financial back-office platform financial back-office processes financial supply chain firm focus focused funding global impact improve industry integration inventory investment investors invoice processing lead leverage liquidity long-term maximizing profitability ment metric module needs net profit margin operating organization organization’s outsourcing payment platform for execution process optimization procurement function profit margin ratio reduce revenue risk seller shareholder value short-term spend strategy suppliers supply chain management tasks tion today’s transaction treasury function vendors Wal-Mart