Accounts Receivable

 

WITH CHANGE FOX

Is your cashflow affected because you don't have the time or resources to chase payments?

role notes & useful statistics

Customer / Supplier Exposure

70% of the role is customer exposed

Engagement with customers in relation to invoices and payments.

English Proficiency Requirement

70% Difficulty

Understanding and communicating in English is important for this role

Internal Communications

50% Difficulty

Tasks tend to be routine and largely independant. Communications can be achieved through electronic collaboration tools.

Talent Availability

80% Difficulty

Many qualified accountants or adminstration resources are available to fulfil this role

Domain Knowledge Requirement

10% Difficulty

Little customer specific domain knowledge is required

Ease of Measurement

90% Difficulty

Tasks are usually easily measurable and correctness is traceable

Overview

An offshored accounts receivable resource will be able to do the majority of tasks conducted by internal resources in relation to issuing, following up and transacting customer invoices.

Specific responsibilities would be identified as part of the recruitment of your new staff member as well as any certification requirements.

Why Offshore This Function?

  • Your organisation has and is growing and the day-to-day accounting requirements have become a burden to local staff
  • You invoice days outstanding is negatively affecting cashflow
  • Internal promotion or turnover has created resource capacity issues

Top 5 Responsibilities

  • Issuing invoices to customers for products and/or services
  • Monitoring expected invoicing and communicating internally on progress of work
  • Monitoring invoice days outstanding and issuing reminders and/or warnings as appropriate
  • Confirming payments in financial systems
  • Report of key AR metrics suchs as days outstanding to management

 


 

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