{"id":3234,"date":"2017-10-13T15:27:13","date_gmt":"2017-10-13T15:27:13","guid":{"rendered":"https:\/\/www.peeriosity.com\/shared-services\/articles\/?p=3234"},"modified":"2022-09-06T20:10:06","modified_gmt":"2022-09-06T20:10:06","slug":"consolidating-accounts-receivable-into-fewer-locations","status":"publish","type":"post","link":"https:\/\/www.peeriosity.com\/shared-services\/articles\/2017\/10\/consolidating-accounts-receivable-into-fewer-locations\/","title":{"rendered":"Consolidating Accounts Receivable into Fewer Locations"},"content":{"rendered":"

Introduction<\/strong><\/span><\/p>\n

When you consider the different components of Accounts Receivable (AR)<\/a>, according to Peeriosity\u2019s Process Design Survey 45% of member companies have the Billing process in Shared Services, 41% include Credit Administration, and 59% include Customer Payment Processing<\/a> and Cash Application<\/a> as part of that structure, making the AR process one of the most likely to be within scope.\u00a0 Even so, many companies continue to have numerous locations in which they do business that are carrying out Accounts Receivable related activities.<\/span><\/p>\n

While the benefits of a consolidated AR operation can be obvious, the challenges (both actual and perceived) of carrying out this type of consolidation effort can be daunting, including disparate or inadequate systems, regulatory compliance issues, the risk of losing key knowledge workers, and perceived risks with concerns about negatively impacting customer relationships.<\/span><\/p>\n

iPollingTM<\/sup> Results Review
\n<\/strong><\/span><\/p>\n

A recent Peeriosity poll created using the iPollingTM<\/sup> technology looks at the current status of Peeriosity member companies for consolidating the AR function to fewer locations, and also the greatest challenges expected or encountered when doing so.\u00a0 The results indicate that 41% of member companies have a high level of consolidation into fewer locations and another 11% with a moderate level of consolidation.\u00a0 Of the remaining companies, 9% have approved the consolidation of AR into a few locations and an additional 18% are evaluating the idea, with only 5% indicating they had considered the opportunity and decided not to.\u00a0 Here are the details:<\/span><\/p>\n

\"iPolling:<\/p>\n

When considering consolidation challenges, 29% of member companies indicated that the lack of a single ERP was the biggest challenge, with another 29% indicating that difficulty in standardizing processes across locations was the biggest challenge. Other responses included the potential of losing key knowledge and resources at 14% and the potential of impacting key customer relationships at 9%.\u00a0<\/span><\/p>\n

\"iPolling:<\/p>\n

Poll comments from Peeriosity members on this topic include:<\/span><\/p>\n