Cover image for Optimizing Back Office Operations : Best Practices to Maximize Profitability.
Optimizing Back Office Operations : Best Practices to Maximize Profitability.
Title:
Optimizing Back Office Operations : Best Practices to Maximize Profitability.
Author:
Khalid, Zahid.
ISBN:
9780470603949
Personal Author:
Edition:
1st ed.
Physical Description:
1 online resource (227 pages)
Contents:
Optimizing Back-Office Operations: Best Practices to Maximize Profitability -- Contents -- Preface -- Chapter 1: Profits: The Reason a Business Exists -- Profitability Defined -- Profitability Equation and Related Metrics -- Liquidity, Growth, and Financial Flexibility -- Case Study -- Conclusion -- Notes -- Chapter 2: Cost and Capability: Strategic Choices -- Capability: One Size Does Not Fit All -- Cost: You Get What You Pay For -- Measuring Capability -- Case Study -- Conclusion -- Notes -- Chapter 3: Financial Supply Chain: Entering the Gold Mine -- What Is the Financial Supply Chain? -- Working Capital Defined -- Working Capital Processes -- Case Study -- Conclusion -- Notes -- Chapter 4: Platform for Execution: A System for Maximizing Profits -- Process Benchmarking -- Process Optimization -- Process Automation -- Process Integration -- Process Standardization -- Case Study -- Conclusion -- Note -- Chapter 5: Optimizing Accounts Payable -- Implications of A/P Effectiveness -- Best Practices -- Enabling Technologies -- Case Study -- Conclusion -- Note -- Chapter 6: Optimizing Accounts Receivable -- Implications of A/R Effectiveness -- Best Practices -- Enabling Technologies -- Case Study -- Conclusion -- Chapter 7: Optimizing Purchasing -- Implications of Purchasing Effectiveness -- Best Practices -- Enabling Technologies -- Case Study -- Conclusion -- Note -- Chapter 8: Optimizing Treasury Operations -- Implications of Treasury Effectiveness -- Best Practices -- Enabling Technologies -- Case Study -- Conclusion -- Epilogue -- Index.
Abstract:
According 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.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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