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Processes

What will AGI do for Process accounts receivable (AR)?

AI-deliverabilitydigital

The focus is the APQC process 'Process accounts receivable (AR)'. The primary signal is the lens prior 'Perform revenue accounting', which points to knowledge work. The description confirms the work involves processing funds received electronically or by check. Because the value-producing work is entirely data entry, ledger reconciliation, and financial information transformation, this process is strongly digital.

The business receives a customer payment or remittance advice via mail, lockbox, or electronic transfer.

Trigger
The business receives a customer payment or remittance advice via mail, lockbox, or electronic transfer.
Outcome
The received funds are accurately applied to the customer's account, clearing the outstanding receivable and posting the transaction to the general ledger.

The work itself

Grounded Work Profile

Measured by

  • Cost Per Receipt ProcessedprocessProfile
  • Unapplied Cash PercentageprocessProfile
  • Auto-Match RateprocessProfile
  • Days Sales OutstandingprocessProfile

Key steps

  • Receive and capture payment informationprocessProfile
  • Extract and review remittance detailsprocessProfile
  • Match the payment against open customer invoicesprocessProfile
  • Resolve discrepancies and manage unapplied cashprocessProfile
  • Post applied payments to the customer account and general ledgerprocessProfile
  • Reconcile daily accounts receivable receipts with bank depositsprocessProfile

How AGI delivers it

Four ways AGI delivers for Process accounts receivable (AR)

  • Services-as-Software

    Get the professional outcome delivered as software, priced on results, not headcount.

    Services.do

  • Autonomous Agents as digital employees

    Hire a digital employee that does the job under earned, supervised autonomy.

    Agents.do

  • Business-as-Code

    Encode how your work runs, once, as software that executes itself.

    Platform.do

Value flow

How Process accounts receivable (AR) connects

automated by

measured by

  • Average annual sales order value for a brick-and-mortar retail storestandard
  • Average value of a retail e-commerce orderstandard
  • Cycle time in days from transmission of invoice to receipt of paymentstandard
  • Cycle time in days to perform the processes "process accounts receivable (AR)" and "manage and process collections"standard
  • Days sales outstandingstandard
  • Estimate if not using AI - Days sales outstandingstandard
  • Number of FTEs that perform the order-to-cash processes per $1 billion revenuestandard
  • Number of FTEs that perform the process "process accounts receivable (AR)" per $1 billion revenuestandard
  • Number of FTEs that perform the process group "perform revenue accounting" per $1 billion revenuestandard
  • Number of FTEs that perform the processes "process accounts receivable (AR)", "manage and process collections", and "manage and process adjustments%2Fdeductions" per $1 billion revenuestandard
  • Number of FTEs that perform the processes "process accounts receivable (AR)" and "manage and process collections" per $1 billion revenuestandard
  • Number of active customers managed per FTE that performs the process "process accounts receivable (AR)"standard
  • Number of adjustments%2Fdeductions per FTE that performs the processes "process accounts receivable (AR)", "manage and process collections", and "manage and process adjustments%2Fdeductions"standard
  • Number of customer accounts per FTE that performs the process "process accounts receivable (AR)"standard
  • Number of invoice line items per receiptstandard
  • Number of invoices processed per FTE that performs the process "process accounts receivable (AR)"standard
  • Number of receipts processed per $1,000 of revenuestandard
  • Number of receipts processed per FTE that performs the process "process accounts receivable (AR)"standard
  • Number of receipts processed per FTE that performs the processes "process accounts receivable (AR)", "manage and process collections", and "manage and process adjustments%2Fdeductions"standard
  • Other cost to perform the process "process accounts receivable (AR)" as a percentage of total process coststandard
  • Other cost to perform the process "process accounts receivable (AR)" per $100,000 revenuestandard
  • Other cost to perform the process group "perform revenue accounting" per $100,000 revenuestandard
  • Other cost to perform the processes "process accounts receivable (AR)", "manage and process collections", and "manage and process adjustments%2Fdeductions" per $100,000 revenuestandard
  • Outsourced cost to perform the process "process accounts receivable (AR)" as a percentage of total process coststandard
  • Outsourced cost to perform the process "process accounts receivable (AR)" per $1,000 revenuestandard
  • Outsourced cost to perform the process group "perform revenue accounting" per $1,000 revenuestandard
  • Outsourced cost to perform the processes "process accounts receivable (AR)", "manage and process collections", and "manage and process adjustments%2Fdeductions" per $1,000 revenuestandard
  • Outstanding payment days as a proportion of standard payment daysstandard
  • Overhead and other costs to perform the process "process accounts receivable (AR)" as a percentage of total process coststandard
  • Overhead and other costs to perform the process "process accounts receivable (AR)" per $100,000 revenuestandard
  • Overhead and other costs to perform the process group "perform revenue accounting" per $100,000 revenuestandard
  • Overhead and other costs to perform the processes "process accounts receivable (AR)", "manage and process collections", and "manage and process adjustments%2Fdeductions" per $100,000 revenuestandard
  • Overhead cost to perform the process "process accounts receivable (AR)" as a percentage of total process coststandard
  • Overhead cost to perform the process "process accounts receivable (AR)" per $100,000 revenuestandard
  • Overhead cost to perform the process group "perform revenue accounting" per $100,000 revenuestandard
  • Overhead cost to perform the processes "process accounts receivable (AR)", "manage and process collections", and "manage and process adjustments%2Fdeductions" per $100,000 revenuestandard
  • Percentage of FTEs that perform the process "process accounts receivable (AR)" that perform management activitiesstandard
  • Percentage of FTEs that perform the process "process accounts receivable (AR)" that perform the activity "apply cash remittances"standard
  • Percentage of FTEs that perform the process "process accounts receivable (AR)" that perform the activity "establish accounts receivable policies"standard
  • Percentage of FTEs that perform the process "process accounts receivable (AR)" that perform the activity "post accounts receivable activity to the general ledger"standard
  • Percentage of FTEs that perform the process "process accounts receivable (AR)" that perform the activity "prepare accounts receivable reports"standard
  • Percentage of FTEs that perform the process "process accounts receivable (AR)" that perform the activity "receive%2Fdeposit customer payments"standard
  • Percentage of billed%2Finvoiced line items paid on time to the business entitystandard
  • Percentage of customer receipts automatically applied to customer invoices without manual interventionstandard
  • Percentage of invoice line items paid in full the first timestandard
  • Percentage of line items billed%2Finvoiced that is entered into the general ledger through an automated methodstandard
  • Percentage of receipts automatically matched to open items in the accounts receivable sub ledgerstandard
  • Percentage of receipts received electronically or automaticallystandard
  • Percentage of receipts received manuallystandard
  • Percentage of total finance function FTEs allocated to the process "process accounts receivable (AR)"standard
  • Percentage of total finance function FTEs allocated to the processes "process accounts receivable (AR)," "manage and process collections," and "manage and process adjustments%2Fdeductions"standard
  • Percentage of total receipts that are processed error free the first timestandard
  • Personnel cost to perform the process "process accounts receivable (AR)" as a percentage of the total process coststandard

Go deeper

Explore Process accounts receivable (AR)

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