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by the numbers: Accounting

Published by: American Productivity & Quality Center

Published: Jun. 17, 2005 - 87 Pages


Table of Contents


Executive Summary
Benchmarking and Best Practices
  • The Open Standards Benchmarking Collaborative (OSBC) Research Overview
  • The APQC Process Classification Framework
  • Commonly Used Measures for Accounting

The Metrics: What Are the Numbers, and What Do They Tell Us?
  • Accounts Payable
  • Accounts Receivable
  • General Ledger
  • Payroll

The Bottom Line
The Business Case
Benchmarking Future Performance
Appendices
  • PCF Section 8.0 Manage Financial Resources
    • Standard Measures: Finance Organization AP/AR/Payroll/GL

OSBC Research Methodology
IBM White Paper

Abstract

How do centralized operations compare to decentralized ones? How do organizations with fully integrated general ledger or billing and accounts receivable systems compare to those without? Learn the answer to these questions, and many more, in APQC's by the numbers: Accounting, which tells the story of how average accounting organizations stack up against others and gives organizations food for thought on their future finance and accounting operations.

Four key areas in finance and accounting are covered in by the numbers: Accounting: accounts payable, accounts receivable, general ledger management, and payroll. Compare your organization to your peer groups and discover ways to improve your accounting performance with this exciting new offering from APQC.

This book quantifies the unit cost and productivity differences associated with the use of specific business practices. The practices examined include:
  • business models such as shared services, centralized organizations, and decentralized organizations;
  • automated feeds between key systems in the GL process;
  • service level agreements;
  • electronic invoicing;
  • integration of billing systems with AR systems;
  • enterprise-wide standards; and
  • imaging of checks and remittances.


This publication is available in both hardcopy and electronic formats.

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