Accounts Receivable Management process is a comprehensive process cycle right from the customer acquisition till the payment is deposited against sales invoice. In many ways, it is the counterpart to the purchase-to-pay (P2P) process. The order-to-cash process spans all steps from an order being placed, through the payment being received for that order.
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The order-to-cash (O2C) process encompasses all steps starting from the placement of a customer order up till the invoice is paid. These steps include order management, order fulfillment, service management, credit evaluation and monitoring, invoicing, and, ultimately, payment collection.
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O2C has an implicit connection to the supply of goods and order fulfillment, therefore driving a need for good supply chain management/service delivery processes to be in place.
What is Accounts Receivable (AR)?
CONTEXT
Account receivable refers to the money owed to a business by its customers for goods or services provided on credit. It represents outstanding payments that are yet to be collected. Effective management of accounts receivable is crucial for financial management as it directly impacts cash flow and profitability.
EXPERIENCE AND EXPERTISE
Choosing Finaacharya and enrolling in AR Guru means investing in your own expertise and making a significant contribution to your organization's financial success. Join us today to bridge the skill gap in AR management and empower yourself to navigate the complex world of Accounts Receivable effectively.
THE DEMAND OF THE HOUR
To meet this critical demand, we introduce 'AR Guru,' a specialized program powered by Finaacharya. AR Guru is designed to address the specific skill requirements in AR management. As organizations grapple with the challenges of AR in a growing economy, our program equips corporate professionals with the expertise needed to excel in this intricate field.
At Finaacharya, we recognize the pivotal role that Accounts Receivable (AR) plays in the dynamics of a growing economy. With the constant growth of receivables leading to an increase in Non-Performing Asset (NPA) write-offs, there's an urgent need for quality resources with the right skill sets to handle AR. The growing skill gap in AR management requires focused attention through proper training interventions.
Why Accounts Receivable (AR)?
THE NEED FOR NICHE
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