And expenditure overruns etc finance assessment no2

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and expenditure overruns etc) Finance, Assessment No.2 V1.1 Last updated on 11/06/2019 Page 7
T-1.8.1_v3 coach, contingency plan) Determine and access resources and systems to manage financial management processes within the work team Jenny (Sales Officer) “Sales-force Search” to identify prime selling time, Salespersons, smart sales tools and sales solutions available on the market, Sales training programs to help salespeople learn and improve selling technique, strategies to provide customers with right offers 3 months Tracking sales funnel performance, Conversion rates, Sales cycle length, client Acquisition rates, Existing client engagement, Employee Satisfaction John (Accounts receivable officer) Provision of methods and techniques to maintain and record payments, Techniques to microfilm debits, credits and invoices, facilitate to verifying validity of the account discrepancies 4 months Days Sales Outstanding, Average Days Delinquent, turnover Ratio, Collection Effectiveness Index, Number of Revised Invoices Adam (Accounts payable officer) Assistance in reviewing, processing, verifying and recording all payments, trainings for the techniques and methods to prepare financial reports efficiently, Strategies to resolve financial queries from clients or customers 2 months Cost per invoice, Invoice lead time, Number of invoices per account payable full-time employee, Automatic distribution precent, Touch-less processing ratio George (Payroll officer) Training and techniques to summarise earnings, deductions, taxes etc. Assistance in resolving payroll discrepancies, strategies to maintain payroll operations. 3 months Cycle time to resolve errors, turnover Costs, Master Data Accuracy, personal Tasks Overdue, Key Insights for Payment Payroll Analyse data and information on the above processes in reference to Task 1 within the work team and identify, document and recommend any improvements to existing processes: (2 marks) The following areas can be improved to existing processes: Mapping and analysing the processes for better performance of the business. Finance, Assessment No.2 V1.1 Last updated on 11/06/2019 Page 8
T-1.8.1_v3 Acquiring more resources to aid in implementing the processes more efficiently. Engaging Top Quality Management technique to ensure the production of quality outputs. Monthly trainings and time audits Finance, Assessment No.2 V1.1 Last updated on 11/06/2019 Page 9
T-1.8.1_v3

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