Accounting processes, including invoicing, are a key component of your organization’s support services. They keep your financial life organized, pay bills, invoice customers, and maintain the balance sheet, which keeps you apprised of the business’s financial viability.
From an order to cash stand point the longer this reporting cycle takes the longer the organization goes forward not knowing the full implications of last month’s decisions and how they have impacted the financial results.
Excessive reporting requirements (does anyone read them?) and duplicate entry into and across multiple systems are typical areas of waste and frustration. We’ve worked with clients in accounting to eliminate much of the waste associated with delays, needless high transaction count, reduction of errors, reduction of screens and different systems that are used to many others.
Related TGG Project Titles
Quote sheet Kaizen
Data integrity Kaizen
Web portal transactional Kaizen
LeanPC waste analysis
ACH payment reconciliation mapping
P&L sensitivity calculator
Lean accounting workbook development
Value stream mapping A/P, A/R
Lean accounting box scores