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Accounts
receivable systems are a series of ongoing repetitive tasks related
to three main aspects:
- Information
processed and collection efforts at "time of service"
- The
continuing "collection cycle"
- Formal
"accounts receivable monitoring and improvement"
Proper
management of the billing cycle is only possible if all three aspects
of the continuous cycle are functioning within an acceptable range
of predetermined standards. Deviations from these standards will
cause disruption of the continuous cycle and difficulty in maintaining
management objectives in regards to the overall system of billing
and accounts receivable.
Please
note the following inter-related, continuous cycle representation:
There
are many computer system decisions, claim processing issues, and
collection tools which need to work in synchronization to maximize
income. Aspen Consulting Group, Ltd. utilizes a "time tested" approach
to billing cycle analysis, monitoring, and improvement which is
a "benchmark" in the industry.
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