REVENUE CYCLE OPTIMIZATION

Have you calculated the bottom-line impact of shortening the Order-to-Cash cycle and improving receivables turnover? Can best practices in credit and receivables management increase your profitability and cash flow and reduce needed working capital?

Our experience includes both domestic and offshore BPO operations and technology integration and optimization for cost reduction, quality improvement, and financial performance improvement.

Reduce DSO, working capital and increase cash flow

Increase collections using best practices, prioritization, scoring and automation

Reduce DDO by improving deduction management processes

Eliminate root causes of errors, deductions and disputes

Accelerate credit approvals

Assure better vendor compliance

Improve customer service

Our consultants analyze the revenue cycle from beginning to end. In addition to applying best practices and resolving root causes, we implement metrics and coordinate efficiencies across departments, for improved quality and service as well as optimal overall performance.

 

 

In general, a project will have four phases, but we aim to implement quick “wins” as soon as identified, throughout the project cycle, to provide immediate dollars and cents payback, and to establish a sound basis for the longer-term initiatives

  1.  Become familiar with your operations and the workflow by activity and function.

  2. Gap Analysis and Benchmarking – to quantify the $ potential for improvement by evaluating effectiveness of processes, as well as comparison with industry best practices.

  3. Implementation – will focus on changing limiting conditions, resources, systems, processes, and presenting tangible results. We present a detailed written report, which would include key findings, specific recommendations, and next steps.

  4. Knowledge Transfer – the tools, concepts, and recommendations that are implemented during the project are passed on to your team for long-term continuity.

Takeaway

Our Consultants have operating backgrounds, and you will receive practical advice and achievable “best practices” recommendations. What makes Smyyth unique is that we not only understand the theory, we also have deep hands-on practical experience in the field. The revenue cycle abounds with opportunities to improve financial performance, including faster DSO and reducing the claims and disputes that eat away at your profits.

For more information, contact kmetzger@smyyth.com.