The objective is to optimize the accounts receivable process in international recruitment firms by analyzing collection cycles and identifying inefficiencies. The project leverages data analytics to improve cash flow, reduce outstanding dues, and enhance financial planning.
Study the end-to-end accounts receivable process in international recruitment.
Map the complete collection cycle from invoicing to payment realization.
Identify bottlenecks causing delays in collections.
Analyze invoice aging reports to understand overdue trends.
Use data analytics tools (Excel/Power BI) to visualize collection performance.
Compare collection cycles across different regions and client types.
Evaluate the effectiveness of follow-up strategies and communication channels.
Identify inefficiencies in invoicing accuracy and dispute resolution.
Recommend automation tools for invoicing and payment tracking.
Propose improvements in billing cycles and payment terms.
Develop KPIs such as collection period, recovery rate, and overdue percentage.
Suggest real-time dashboards for monitoring receivables.
Recommend strategies for faster dispute resolution.
Provide a roadmap to reduce collection cycle time and improve liquidity.
