Identify weak points in customer credit and invoicing processes by completing the Customer Credit and Invoicing Open Standards Benchmarking Assessment. Although these are not the most glamorous of finance function processes, few go further to ensure adequate cash flow for operations.
The Customer Credit and Invoicing Open Standards Benchmarking Assessment's key performance indicators (KPIs) provide crucial information that allows you to compare your performance against APQC's Open Standards Benchmarking database. Those KPIs include:
- Total cost to perform the process " invoice customer" per invoice processed
- Personnel cost to perform the process " process customer credit" per $1000 reveune
- Systems cost to perform the process " process customer credit " per $100,000 revenue
All submissions to APQC's benchmarking database, both Open Standards Benchmarking and Rapid Performance Assessments, must be collected using APQC's easy-to-use Microsoft Excel data collection instruments. Please download a fresh copy of the assessment file by clicking the “Download Survey to Start Assessment” button.
Each benchmarking assessment offers an Excel-based data collection tool consisting of the survey itself, the measures associated with the survey, the glossary terms needed to understand the survey, and a copy of the Process Classification Framework (PCF) relevant to the data collection instrument. The consolidated data collection tool is intended to simplify the collection of benchmarking data within your organization.
Once you have completed the data collection instrument, simply upload the file using APQC's secure file upload tool. Visit this URL to upload your file: https://zurl.co/8Rg92. If you are unable to connect to that web site, please contact the helpdesk for more information by sending an email to firstname.lastname@example.org. Please do not send privileged, confidential, or non-public data to APQC via email. Please contact the helpdesk on email@example.com if you have any further questions.
APQC analysts will immediately begin validation of your submission.