Cash Application KPIs and Reporting

Lessons

1. Cash Application Key Performance Indicator (KPI)

2. Six Core Reasons for Establishing KPI’s

3. Steps to Adapt Company Wide Best Practice Approach

4. Steps to Implementing Best Practice KPIs

5. Cash Application Reporting and Dashboard’s: 101

6. Cash Application KPI Checklist

7. How to Lay the Groundwork for Your KPIs

8. Best Practices for Establishing Efficient and Effective KPIs

9. Benefits of Reviewing of KPIs Objective

10. Common Applications of KPIs

11. How to Achieve Cash Application KPIs

12. Best in Class Benefits to Look While Establishing KPIs

13. Guiding Principles for Establishing KPIs

14. Overview of Cash Application KPIs Part 1

15. Overview of Cash Application KPIs Part 2

16. Steps to focus on Customer’s Success

17. Efficient Ways to Focus on Process Improvements

18. Creating Awareness Reporting and Management Dashboards

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Duration 30 Min
Watch
Lessons 18 Lessons
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Learn 100% Free
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Language English
  • About
  • Course Content
  • Resources
  • Instructors

Course Overview

The three common cash application challenges AR teams often face are: working with various bank file types such as lockbox services and bank lockbox services. Matching huge volumes of remittances with their corresponding invoices manually and, payment reconciliation issues. Wondering how to scale up your cash posting process amongst these tough challenges? Through cash application and A/R process management. The process aims at improving your cash flow and cash visibility and streamlines bank statements, lockboxes, customer remittances, customer portals, deductions, and email remittances. Watch this tutorial to learn how to track and streamline these processes through cash application KPIs and tracking. Learn how to establish real-time updates on setting and standardizing company-wide cash application processes, locating and eliminating inefficiencies in processes, and improving remittance reconciliation and matching invoices accurately while improving your productivity. Watch the full tutorial to learn how to establish cash application KPIs and reporting for your business.

What you will learn

  • How to Select the Right Cash Application KPIs
  • Establishing Efficiency and Effective KPIs for Cash Application Baselines
  • Tailoring Best in Class KPIs for Your Business Requirements
  • Highlighting Your A/R Departments Contribution Through KPIs

Skills you will gain

Reviewing Primary KPIs
Achieving Cash Application KPIs
A/R Process Improvements
A/R Reporting and Management Dashboards
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Role: A/R Analyst
Designed for Business A/R Analyst
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Level : Foundation
Designed to educate entry-level professionals
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Topic: A/R Management Essentials
A/R domain-specific training course
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Type: Theory Course
Theory lectures by A/R analyst practitioners
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Completion Time: 2 Weeks
Suggested reading for 2-3 hours/week

1. Cash Application Key Performance Indicator (KPI)

Learn how to effectively acheive company, department, or individual achieves critical business objectives through cash application KPIs. Watch the tutorial to get in-dept insights.

2. Six Core Reasons for Establishing KPI’s

Key Performance Indicators (KPI’s) are intended to create awareness to help you and your organization address the complexity associated with the Cash Applications Processes. Watch this tutorial to explore the 6 core reasons for establishing it.

3. Steps to Adapt Company Wide Best Practice Approach

Develop a better understanding of the value of having the right and quantifiable Key Performance Indicators in place for this critical role. Watch this online tutorial to explore industry wide best practices for implementing these KPIs

4. Steps to Implementing Best Practice KPIs

Watch this tutorial to explore the steps involved in implementing the cash application performance KPIs

5. Cash Application Reporting and Dashboard’s: 101

This tutorial aims at helpng you choose the right and apt elements for estan;ishing the cash application reportung and Dashboard

6. Cash Application KPI Checklist

Key Performance Indicators (KPIs) are the critical (key) indicators of progress toward an intended result. KPIs provide a focus for strategic and operational improvement, create an analytical basis for decision-making, and focus on what matters most. Watch this tutorial to explore the checklists in detail

7. How to Lay the Groundwork for Your KPIs

Learn how to outline the core responsibilities of the position by emphasizing on the duties that may be unique to each role in the organization. watch the full tutorial to learn expert's ways and methods.

8. Best Practices for Establishing Efficient and Effective KPIs

Watch this tutorial to learn the process improvement methods that would help you get off the ground and reach completion. Watch this short lesson to get the details of the best practices.

9. Benefits of Reviewing of KPIs Objective

Drive improvement in the efficiency and effectiveness of specific processes, procedures, or technology in use, Watch the quick and short tutorial to learn all the benefits in detail

10. Common Applications of KPIs

Thinking of setting and standardizing company-wide cash applications processes? Watch this tutorial to get details about the efficient process set-up

11. How to Achieve Cash Application KPIs

Process Mining applications have come a long way, and if appropriately programmed, can capture process flows, delays, and exceptions that manual flowcharting is likely to miss. Watch to configure it.

12. Best in Class Benefits to Look While Establishing KPIs

Watch this tutorial to get insights into the best in class best practices to improve business process agility, build cost management and drive innovation in business. Watch to learn more

13. Guiding Principles for Establishing KPIs

Regular data validation should always be a part of your monitoring processes to ensure KPIs are in sync with changes in your operations processes. Watch the full lesson to learn the details

14. Overview of Cash Application KPIs Part 1

When looking under the hood, you may find KPIs that can add more awareness to several variables that you may want to consider adding to your KPIs. Watch this video lesson to learn the full details of it

15. Overview of Cash Application KPIs Part 2

Meaningful data-driven KPIs better inspire people and project teams and promote positive outcomes. How? Watch this tutorial to gain insights.

16. Steps to focus on Customer’s Success

Watch this tutorial to get insights about some of the areas that could increase awareness of the Cash Applications role in supporting the business via the KPI process

17. Efficient Ways to Focus on Process Improvements

The cash applications role is usually were inefficiencies in the remittance process first surface. Watch this tutorial to learn efficient ways to focus on process improvements

18. Creating Awareness Reporting and Management Dashboards

Most organizations lack real-time metrics or measures assessing, individual contributors, cross-functional dependencies, customer and vendor performance as well as process effectiveness. Watch this tutorial to learn how to use dashboards and reports to manage these processes.

Lesson Resources

John M. Donovan

John M. Donovan

Advisory Services Consultant Quote to Payment Subject Matter Expert
John M. Donovan is a senior financial services’ executive specializing in all aspects of the Order-to-Cash and back-office processes. Managed several very large global A/R portfolios for major Fortune 100 & 500 high-growth companies in various stages of delivery and transition, as well as small companies in a startup and growth mode.

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