Financial Accounts

Accounts Receivable (A/R) and Accounts Payable (A/P) are two of the most critical functions within any business or government agency.

A/R function must ensure the full and timely payments from customers in order to optimize the sales to cash-flow cycle. A/R maintains the critical balance between strong customer relationships and the management of tight cash inflow.

A/P maintains that crucial balance between suppliers and the management of tight cash outflow. This function must ensure that accounts are paid on time, but not paid earlier than necessary.

If these two functions are not operating efficiently, the associated costs can be staggering. Cornerstone Six Sigma Consulting, Inc. is trained to help organizations uncover the root causes of the inefficiencies and turn them into savings.

Here are some of the benefits we can implement in A/R and A/P:

  • Turn data into usable information to answer key business questions.
  • Develop key metrics and performance indicators that show the current state of your A/R and A/P and potential opportunities for improvement.
  • Provide actionable information about cash inflow activity, payment related activity and associated trends.
  • Help ensure full and timely collection of customer accounts.
  • Help ensure tight control over cash outflow while maintaining strong supplier relationships.
  • Identify the root causes of inefficiencies and implement an improvement plan to reduce costs.

Call us at (678) 331-3845 or toll free at 1-877-6-SIGMA-1 (1-877-674-4621) or email us at info@CornerstoneSixSigma.com