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Accounts Receivable BB Project

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Viewing 31 posts - 1 through 31 (of 31 total)
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  • #30216

    Marlene Burns
    Participant

    I would be interested in reading about your accounts receivable project, do you have a presentation you would like to share, or the outcome.
     
    thanks

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    #78470

    Rick Rockwood
    Member

     HI:
    I can’t send you full disclosure because of non-disclosure and confidenality agreement.  I can share with you some results from the pilot.  The entire “potential” in all 4 divisions exceeds over $2 million currently in “Past Due” status.  Toss in “lost interest” and that adds a couple hundred K. 
    ·    Business process cycle-time reduction:  Ship To Invoice avg. >10 days to avg. 2 days; Ship Date to Post from 50 day avg. to 31 days; Invoice to Post from avg. 40 days to 33 days; reduced total days “AR Outstanding” over 75% from $483,310 to $100,000 in <50 days after deployment.  Pilot served as corporate model in reducing enterprise-wide “AR Outstanding” exceeding $2.1 Million.
    ·    Reduced Cost per Transaction from avg. of $173.00 to targeted <$100.00 by 03/03; projected savings of $421,774 over 2 years.
    We have more potential when we “drill down” on the above processes and take a look at such processes as: sales order entry, ERP sls order entry reject reasons, $ due to missed shipping deadlines, clunky handoffs from one functional group to the next (this extends cycle time) and reducing the cost per transaction.  
    Hope this helps,
    Regards, Rick, PMP,CSSBB, MBB 

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    #78488

    Saherngu
    Participant

    Hi, Rick. I’m working on a AR project too. I’m interested to find out how do you define you Process Y, Business Y, Saving Formula, Baselines & Targets. I’ll appreciate it if you can share.Basically, I think there a few ways we can view the AR problem; in terms of Overdue AR Amount $, or No. of Overdue ARs or how long does an Invoice stay Overdue … Cheers !
    James

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    #79218

    Howe
    Participant

    I would be interested in some of the detail regarding AR projects. Please post some of your detail or email me at [email protected]

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    #96541

    K.Sathya Narayanan
    Participant

    Hi Rick,
    Could you please send me the complete details of AR project you ahve been working, you can give us only overview, without disclosing the confidentail areas.mail me [email protected]
    Please do the needful,
    thanks
    sathya

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    #96603

    Primantara
    Participant

    Hi Marlene,
    Had previously done a project in….outbound collections…it was a cradle to grave collections with applying cash on account  to resolving issues and then getting payments…..incidentally the  project was more around transactional productivity as we found a clear co-relation between acounts touched and dollars collected, very high r-sq adjusted 84% …….
    Basic Improvements
    1. Use 80/20 rule…80% of dollars in each bucket…30-60,60-90,90-120,120-180 & 180+ lay in 30 odd accounts the rest 7000 odd accounts had small change but impacted the bottomline….Put 7000 odd accounts on outbound dilaer…set up the team to call on dialer….improve transactional productivity….High Vintage agents…good collector….give them a small portfolio size with high dollar accounts (manual calling) …create ownership of those account month to month……
    2. Check stubs set up a separate process 1 or 2 man team to apply check stub payments to account…improve productivity by giving accounts with issues and no paymnent  but ageing(again extremely low in number but high in dollar value) let them communicate with sales team to get resolutions separately……
    3.use a GUI (graphic user interphase) load accounts on to the same as per frequency (by agent) ….and then set rules to it based on ageing and dollar ….helps to monitor t.productivity as well as dollars collected etc…..
    4.Frequent process & product knowledge test (online for all agents) so that you can move agents as per performance….
    hope this helps…..am not sure whether you are looking for a collections model. 

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    #125718

    gurupatil
    Participant

    Hi,
    I got your projects, but i want to involve totally in ur projects bcoz i have around 2 yrs experience in B/R working & when i see ur brochers we can say,how i have to move further i need full details abut that..I will planning to do the project on that if u trust me
    I am basically a B.com graduate with 4 yrs of experience in accounts field.
    Waiting for ur reply
    Gurupatil

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    #129570

    Nilesh
    Participant

    Hi Ari,
    That was the best explanation of AR and how to go about the same can be gives… If you have posted any more articles please let me know like to read them as well..
    Regards,
    Nilesh
     

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    #132764

    Chess
    Participant

    Hi Ari,
    Can you please send your project in detail to me? I need to establish a good AR procedure for 60 million USD collection. It is very urgent. Thanks in advance.
    email: [email protected]
    PS. I will really appreciate if you can send a complete project, of course hiding the required zones such as company name etc:)) 

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    #135721

    Pulin Jaswa
    Participant

    Hi Ari,
    Can you please send your AR project in detail to me? I working dfor AR department in Insurance company. Thanks in advance.
    email: [email protected]
    PS. I will really appreciate if you can send a complete project, of course hiding the required zones such as company name etc:)) 

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    #141305

    MSAMILA
    Participant

    Hi Ari: Can you help me with my A/R project. How do I start. I only know I have to decrease AR Rotation Days.
    Diana
    [email protected]

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    #147654

    yearningf
    Member

    Hi Ari,
     
    I was just selected to do this project.  i wonder if you could email me a copy of your project too. its my first time to handle a transactional project. thanks in advance
    [email protected]
     
     
     

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    #147655

    yearningf
    Member

    Hi Ari,
     
    I was just selected to do this project.  i wonder if you could email me a copy of your project too. its my first time to handle a transactional project. thanks in advance
    [email protected]
     
     
     

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    #152510

    howe
    Participant

    I’ve been assigned accounts receivable as a six sigma black belt project.  Please forward a copy of your project.
    Thank you!
     

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    #155014

    Wilson
    Participant

    Hi,
    I need some help.  I have been asked to do a bb project for AR as well.  While I know why customers do not pay, and possibly how to  fix it, at least what groups I need to get involved, Sales (terms) Customer Service (pricing, data entry errors), I am a bit stumped on how I will measure the baseline against any improvements made…any suggestions?  Appreciate the email  [email protected]
    Thanks,
    Diane
     

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    #156118

    Sapre
    Member

    I’ve been assigned accounts receivable as a six sigma green belt project.  Please forward a copy of your project.
    email: [email protected]
     

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    #156119

    Wilson
    Participant

    I have not yet completed my six sigma project on Accounts Receivable.  I am only in training and we are on the Measurement Phase.  If any one has a project on A/R they are willing to email their project so I can get some ideas, I would appreciate it as well.
    [email protected]
    Thanks, Diane
     

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    #159850

    Picklyk
    Participant

    Hi Ari,
    I think that you have done and excellent job in this project.  You explained it very well….  I’m very much intrested in learning more from you.
    I’ve been assigned to do this AR project, specically in collections.  Please send me the project also.   [email protected]
    Thanks in advance,
    Jay
     

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    #160803

    Arash
    Participant

    Dear Mr. Rockwood ;
     
    I’m senior student of industrial engineering from Iran . I’ve read your article on isixsigma web site.My thesis’s topic is “Achieving six sigma quality in financial services”,and although I’ve searched a lot but I didn’t manage to reach any good references.I wonder if you could help me to find some references.
     
    Best regards
     
    Arash Hamidi

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    #161032

    munya
    Participant

    this is an interesting topic for me, pliz would send me the whole project to [email protected]. you can send also any articles related to accounts receivable

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    #164056

    Viral Pandya
    Member

    Hi All,
    Before I hit search on google i have not even thought that i could reach you so easily…
    this is really nice!! Industry professional sharing their thourghts which help new-bie like me,…!!!!
    thnx a lot..
    can someone send me that project on [email protected] ..
    will be soon with my queries…
    thnx..

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    #164068

    fake accrington alert
    Participant

    I  can  do  all  your  homework  for  you,but  you  have  to  share  your  salary  with  me,agree??

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    #167531

    Christina Miller
    Participant

    I am currently working on a AR project; can you give me some details about the project you previous did in AR. I am working on reducing our aging non-payment account which falls in the 90+ day bucket.
     
    Please email me at [email protected]
    Thank you.

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    #171575

    Singh
    Participant

    Hi,
    I have 3 years experience in AR, and Cash Application.I plan to do a GB project.Please help me in getting some projects or ideas.
    Please reply to me at [email protected]
    Thanks & Regards,
    Ayush Singh

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    #171607

    sanraj bhalla
    Member

    Hi,
    I am working on the Past Due AR and DSO projects, any one has any useful information that would help in the DSO project. Please send in the inputs.
    Regards
    Sanraj Bhalla ([email protected])

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    #171799

    Jay Kumar
    Participant

    Hi ,
    I has done the AR Projects, we has reduce 2.3 million into 824 K USD in 2 weeks 1month period.
    Action:

    1.To standardize payment methodology within all Nortel sites
    2.To enhance Flex internal Account receivable collection methodology
     
    Kaizen Needs:
     

    1.Process  to track and monitor on time payment closure timely
    2.Proactive approach to resolve account receivable
     
     
    Overall,
    We has work more into solve the cause of effect from our standpoint wihtout involve customer or supplier into it. 
     
    Step by Step process:
    1. PDCA- Identify the area of Adjustment, Plan the action through identify the cause effect or root cause, Do the action which ever neccesary for improvement & Check the action by identify the parameter or CTQ(Critical To Check) of the action.
     
    2. Second come out with the MIFA / VSM to define spot of issue from internal view.
     
    3. Establish TO DO LIST from Internal & Customer point for identify the action to drive for improve the problem as per above PDCA.
     
    4. Eliminate MUDA(Waste) from the action performed.
     
    May above will guide ur basic start up requirement.
     
    Thanks & Regards
     
    Flextronics(Penang, Malaysia)   
     
     
     
     

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    #179601

    Ashwath
    Participant

    dear friend,
    my name is ashwath,realy i required a MBA project of account receivables, if u dnt mind can u forward the project…regards’
    ashwath

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    #186986

    Nitin Kumar
    Participant

    dear friend, my name is Nitin ,realy i required a MBA project of account receivables, if u dnt mind can u forward the project…
     
    For this I shall be highly thankful to you
     
    Thanks & Regards’
    Nitin

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    #188572

    panneer selvam
    Participant

    I would be interested in some of the detail regarding AR projects. Please post some of your detail or email me at [email protected]

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    #188573

    panneerselvam
    Participant

    I would be interested in some of the detail regarding AR projects. Please post some of your detail or email me at [email protected]

    0
    #188594

    Mike Carnell
    Participant

    panneerselvam,
    You are responding to a post that is about 8 years old.

    0
Viewing 31 posts - 1 through 31 (of 31 total)

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