... post from standard X12 82 0 transactions, then it can handle the EPN STP 82 0 transaction as well, since it is a subset of the X12 82 0 transaction Technically, the EPN STP 82 0 file is encapsulated ... each best practice, as well as any implementation problems to be aware of 81 ch04_4773.qxd 12/29/06 9 :11 AM Page 82 82 Billing Best Practices Exhibit 4.1 Summary of Billing Best Practices Best ... automated bank account deductions 4– 18 Improve shipping charge revenue Cost Install Time ch04_4773.qxd 12/29/06 9 :11 AM Page 83 4–1 Avoid Missed Billings 83 The descriptions should be sufficient...
... percentages, the inflation rate, average pay raise, ch05_4773.qxd 12/29/06 8: 59 AM Page 111 5–9 Include a Working Capital Analysis 111 average employee benefit percentage, seasonality percentage for revenues, ... object that ch05_4773.qxd 12/29/06 110 8: 59 AM Page 110 Budgeting Best Practices they can no longer determine who is summarized into which category, one can either issue a separate list that identifies ... unpaid invoices can be reissued electronically to customers ch04_4773.qxd 12/29/06 9:12 AM Page 88 88 Billing Best Practices However, to avoid multiple payments for the same invoices, it may be...
... ch05_4773.qxd 12/29/06 8: 59 AM Page 119 5– 18 Adopt Two-Stage Capital Budgeting 119 to estimate completion times Just be sure to note actual completion ... 12/29/06 8: 59 AM Page 127 Total Impact of Best Practices on the Budgeting Function Exhibit 5.4 Impact of Best Practices on the Budgeting Function 127 ch05_4773.qxd 12/29/06 1 28 8:59 AM Page 1 28 Budgeting ... particular issues, as well as have a chance to build relationships with their accounts payable counterparts at the customers’ place of business, which frequently results in faster resolution of issues...
... based on the factors just noted Cost: Installation time: ch11_4773.qxd 12/29/06 9:22 AM Page 257 11 18 Obtain Advance Rating Assessments 257 11 17 Obtain Key Man Life Insurance for the CFO It is common ... contributions made into a rent-a-captive Cost: Installation time: ch11_4773.qxd 12/29/06 9:23 AM Page 259 11 21 Issue Catastrophe Bonds 259 11 20 Use Internet-Based Risk Measurement Services Anyone who ... prospective credit analysis are asset sales or divestitures, stock buy-backs, ch11_4773.qxd 12/29/06 9:22 AM Page 2 58 2 58 Finance Best Practices mergers or acquisitions, financial restructurings, recapitalizations,...
... for these have frequently accumulated a large number of stray ch14_4773.qxd 12/29/06 9: 28 AM Page 3 38 3 38 General Ledger Best Practices accounts over the years that should certainly be researched ... general ledger with packaged consolidation and reporting software ch14_4773.qxd 12/29/06 9: 28 AM Page 3 48 3 48 General Ledger Best Practices This type of software is sold by Hyperion, and is called ... business unit staff on control issues 15–6 Train new business unit managers in control issues Internal Audit Management 15–7 Avoid overauditing of internal audits 15 8 Complete all internal audit...
... positions 17 8 Use computerized time clocks 17–9 Use biometric time clocks 17–10 Track time with mobile phones 17 11 Use honor system to track vacation and sick time Payments to Employees 17–12 Issue ... from several inbound deliveries Cost: Installation time: ch16_4773.qxd 12/29/06 9:33 AM Page 4 08 4 08 Inventory Best Practices 16–42 Use Overnight Delivery from a Single Location for Selected Items ... which may be triggered by the ch16_4773.qxd 12/29/06 9:33 AM Page 411 Total Impact of Best Practices on the Inventory Function 411 scheduled end of a product life cycle, a change in suppliers,...
... percentages, the inflation rate, average pay raise, ch05_4773.qxd 12/29/06 8: 59 AM Page 111 5–9 Include a Working Capital Analysis 111 average employee benefit percentage, seasonality percentage for revenues, ... object that ch05_4773.qxd 12/29/06 110 8: 59 AM Page 110 Budgeting Best Practices they can no longer determine who is summarized into which category, one can either issue a separate list that identifies ... unpaid invoices can be reissued electronically to customers ch04_4773.qxd 12/29/06 9:12 AM Page 88 88 Billing Best Practices However, to avoid multiple payments for the same invoices, it may be...
... ch05_4773.qxd 12/29/06 8: 59 AM Page 119 5– 18 Adopt Two-Stage Capital Budgeting 119 to estimate completion times Just be sure to note actual completion ... 12/29/06 8: 59 AM Page 127 Total Impact of Best Practices on the Budgeting Function Exhibit 5.4 Impact of Best Practices on the Budgeting Function 127 ch05_4773.qxd 12/29/06 1 28 8:59 AM Page 1 28 Budgeting ... particular issues, as well as have a chance to build relationships with their accounts payable counterparts at the customers’ place of business, which frequently results in faster resolution of issues...
... Percentage Estimated Bad Debt by Risk Category Low risk $ 9,500,000 0 .8% $ 76,000 Medium low 7,250,000 1.6% 116 ,000 Medium high 3 ,87 5,000 3.9% 151,125 750,000 7.1% 53,250 $21,375,000 1.9% $396,375 ... $21,375,000 1.9% $396,375 High risk Totals Cost: Installation time: ch07_4773.qxd 12/29/06 1 58 9:16 AM Page 1 58 Credit and Collections Best Practices 7–13 Compile Customer Assets Database If a collections ... situations where it is impossible to create personal relationships with customers through more expensive collection calls Cost: Installation time: 7– 18 Use a Collection Call Database A poorly organized...
... public InvestorRelations11 6 Eliminate small investors 11 7 Open conference calls to the public 118Issueinvestorrelationspodcasts11 9 Outsource the company stock purchase plan 11 10 Sell ... cost to the company Cost: Installation time: 118IssueInvestorRelationsPodcasts Publicly held companies are beginning to post investorrelationspodcasts on their Web sites A good example of ... Activities 11 1 Strategize cost of capital reductions 11 2 Obtain financing through Internet lender sites 11 3 Issue direct access notes 11 4 Purchase debt directly from the government 11 5 Take...
... within a company Cost: Installation time: ch13_4773.qxd 12/29/06 9:26 AM Page 3 08 3 08 General Best Practices 13 8 Sell the Shared Services Center Larger corporations have been working for the ... 9:26 AM Page 311 13–12 Use Balanced Scorecard Reporting 311 will depend on a company’s budget, existing systems, and information distribution requirements Cost: Installation time: 13 11 Track Function ... Extended Warranty None 5/20/ 08 Annual N/A E Prime 5% Reduction in Natural Gas Prices None 4/1/09 Annual $2,2 08 NowComm Phone Maintenance None 10/1/10 Monthly $1,2 48 Rogers Mechanical Building...
... assist in avoiding stockouts that could halt shipments ch16_4773.qxd 12/29/06 9:33 AM Page 388 388 Inventory Best Practices Creating a cycle-count sample under a frequency-of-usage approach ... process, or else suppliers ch16_4773.qxd 12/29/06 9:33 AM Page 381 16 11 Use Standard Containers to Move, Store, and Count Inventory 381 will not be paid for the full number of parts delivered, since ... are completing their counts on time A ch16_4773.qxd 12/29/06 9:33 AM Page 387 16– 18 Cycle Count Based on Usage Frequency 387 good initial cycle-counting frequency is to review the entire inventory...
... positions 17 8 Use computerized time clocks 17–9 Use biometric time clocks 17–10 Track time with mobile phones 17 11 Use honor system to track vacation and sick time Payments to Employees 17–12 Issue ... from several inbound deliveries Cost: Installation time: ch16_4773.qxd 12/29/06 9:33 AM Page 4 08 4 08 Inventory Best Practices 16–42 Use Overnight Delivery from a Single Location for Selected Items ... which may be triggered by the ch16_4773.qxd 12/29/06 9:33 AM Page 411 Total Impact of Best Practices on the Inventory Function 411 scheduled end of a product life cycle, a change in suppliers,...
... 81 –102, 456 Delivery methods, 85 86 , 86 88 Impact of best practices on, 100–102 483 ch21_ind_4773.qxd 12/29/06 9:40 AM Page 484 484 Billing (cont.) Implementation issues, 81 83 Policies, 447 Bill of ... Arizona 85 2 58 888 -85 5-5222 www.bestsoftware.com Related best practice: Chapter 7, Use a collection call database Callidus Software 160 West Santa Clara Street, 15th Floor San Jose, CA 9 5113 4 08- 8 08- 6400 ... conference calls to the public 118Issueinvestorrelationspodcasts11 9 Outsource the company stock purchase plan 11 10 Sell shares in an Internet-based auction 1111 Use Web broadcasting for...
... ch05_4773.qxd 12/29/06 8: 59 AM Page 119 5– 18 Adopt Two-Stage Capital Budgeting 119 to estimate completion times Just be sure to note actual completion ... 12/29/06 8: 59 AM Page 127 Total Impact of Best Practices on the Budgeting Function Exhibit 5.4 Impact of Best Practices on the Budgeting Function 127 ch05_4773.qxd 12/29/06 1 28 8:59 AM Page 1 28 Budgeting ... particular issues, as well as have a chance to build relationships with their accounts payable counterparts at the customers’ place of business, which frequently results in faster resolution of issues...
... public InvestorRelations11 6 Eliminate small investors 11 7 Open conference calls to the public 118Issueinvestorrelationspodcasts11 9 Outsource the company stock purchase plan 11 10 Sell ... cost to the company Cost: Installation time: 118IssueInvestorRelationsPodcasts Publicly held companies are beginning to post investorrelationspodcasts on their Web sites A good example of ... Activities 11 1 Strategize cost of capital reductions 11 2 Obtain financing through Internet lender sites 11 3 Issue direct access notes 11 4 Purchase debt directly from the government 11 5 Take...
... based on the factors just noted Cost: Installation time: ch11_4773.qxd 12/29/06 9:22 AM Page 257 11 18 Obtain Advance Rating Assessments 257 11 17 Obtain Key Man Life Insurance for the CFO It is common ... contributions made into a rent-a-captive Cost: Installation time: ch11_4773.qxd 12/29/06 9:23 AM Page 259 11 21 Issue Catastrophe Bonds 259 11 20 Use Internet-Based Risk Measurement Services Anyone who ... prospective credit analysis are asset sales or divestitures, stock buy-backs, ch11_4773.qxd 12/29/06 9:22 AM Page 2 58 2 58 Finance Best Practices mergers or acquisitions, financial restructurings, recapitalizations,...