Pocket Essentials: Credit, Collections, Concentration and Disbursement

Pocket Essentials: Credit, Collections, Concentration and Disbursement: Members:$15.50; Non-Members:$20.50; Format: Book; + Add To Cart

Summary

Credit and accounts receivable management, collections, cash concentration and disbursements are four processes that are inextricably linked. This primer explains how one process feeds the other as the organization aims to maintain liquidity and optimize cash resources.

EXCERPT

Accounts Payable and Disbursements Process

Objective: Disburse available funds mobilized in the Cash Concentration Process to vendors, suppliers, employees and other payees in a timely and costeffective manner.

Key considerations in the management of the Accounts Payable and Disbursements Process include such factors as:

Configuration of the disbursement system in light of the company's need for centralization vs. decentralization of payments.
Determining the amount of net liquidity available for investing, or the financing required after considering the accounts payable and other obligations which must be released from the disbursement system.
Managing disbursement float without disrupting trade and commercial relationships.
Using risk management and fraud prevention techniques to protect and safeguard the company.
Using innovative disbursement products and methods, such as imaging and Web-based invoice presentment and payment platforms.

Treasury and Finance Pros Need Broad Experience to AdvanceAttendees at last week's CTC Treasury Management Forum agreed that for treasurers to progress in their careers, it is essential that they gain a broad range of experience outside the treasury group.
2013 Comp Survey: Finance Pros See Healthy Salary IncreaseTreasury and finance professionals enjoyed healthy pay raises last year, according to the 2013 AFP Compensation Survey. Of the three job tiers referenced in the report - executive, management and staff level - the executive level saw the biggest boost.
Treasury’s Expanded Role: Many Still Seek Seat at the TableFive years after the 2008 financial crisis placed treasurers in the board room with senior management for the first time, many say they are back on the outside looking in.
Should Treasury Lead ERM? Practitioners Weigh Pros and ConsLast week at the CTC Corporate Treasurers Forum a question arose: Should treasurers lead the enterprise risk management function instead of the internal audit group? Not surprisingly, a spirited debate followed.
AFP EconWatch - May 20, 2013 AFP EconWatch - May 20, 2013 Staff Writers 2013-05-20 The first three months of 2013 were not kind to the manufacturing sector and, according to a report released by the Federal Reserve last week, neither was April. Read the newsletter. Subscribe to EconWatch and other AFP Newsle

Summary

EXCERPT

You May Also Be Interesed In...