DescriptionAccording 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 Implementation guidance is provided for Executives, CFOs, and Controllers on transitioning from outdated processes to a fully-optimized financial supply chain.
CHAPTER 1 Profits: The Reason a Business Exists.
Profitability Equation and Related Metrics.
Liquidity, Growth, and Financial Flexibility.
CHAPTER 2 Cost and Capability: Strategic Choices.
Capability: One Size Does Not Fit All.
Cost: You Get What You Pay For.
CHAPTER 3 Financial Supply Chain: Entering the Gold Mine.
What Is the Financial Supply Chain?
Working Capital Defined.
Working Capital Processes.
CHAPTER 4 Platform for Execution: A System for Maximizing Profits.
CHAPTER 5 Optimizing Accounts Payable.
Implications of A/P Effectiveness.
CHAPTER 6 Optimizing Accounts Receivable.
Implications of A/R Effectiveness.
CHAPTER 7 Optimizing Purchasing.
Implications of Purchasing Effectiveness.
CHAPTER 8 Optimizing Treasury Operations.
Implications of Treasury Effectiveness.