By analyzing the current value stream, several non-value adding steps were discovered. We recommend that you eliminate the PFR check in Accounts Payable. This step only catches 1,250 of the 65,000 errors (1.92%), and it will save you 420 seconds (7 minutes) in processing time. When checked twice, the first group relies on the second group to catch any errors they may have missed, which creates an inefficient system. Additionally, by eliminating this step, one of the employees will be able to spend 25% of his or her time in the batch process and the final inspection step. This will decrease utilization from 106.25% to 85%. Another employee from the PFR check, in the Accounts Payable Department, can be used to elevate the bottleneck. In this case, the bottleneck is the “Enter Into Pay Now Process” step. By moving one person here for 25% of his or her time, the utilization decreases from 106.22% to 84.97%. Likewise, we recommend that you eliminate the check for the PO step in the mailroom, because Bill has stated that, “Fortunately, we don’t really get any invoices without valid PO numbers on them.” This will decrease total processing time by two minutes and lead to a leaner system.…
There are ten basic steps in the medical billing process. Each step has certain things which must be done to correctly complete the entire process. In order to complete your duties as a medical biller efficiently, you must follow the medical billing process. Following this process leads to maximum and appropriate payments in a timely fashion. These steps range from the pre registration of the patient to the collection of the payment. In this paper each step will be describe with a brief outline of what each step entails.…
Back in 1993, the company’s Director, Ted Anderson, launched the idea of developing a Document Control System, named Payables Audit System. It was a huge achievement to make this project. The company created six different departments, which are in charge of different project parts. The most important person in this project was the MBA graduate from MIS with wide experience and huge knowledge, Linda Watkins. She is the Project Director for the PAS. At the beginning of the project, Linda Watkins brought specialists to the project from outside of the company. The idea of implementing the PAS system in the company reduced the cost of operations. For instance, an incoming order in the company goes through 18 clerks to be proceeded. When the new system will be implemented, the same order can be proceeded by 1 or 2 people. It will reduce time, employment, and will allow the company to have a better storage system.…
You will notice that you need to look in different course books for some of the information and not all unit evidence correspond to the matching unit number…
This assignment is based on personality and communication. This assignment discusses my personality type through self reflection and working style. I also will be discussing key communication techniques I use throughout my life. As well as my communication style. This is a summary of who I am and how I communicate with the world around me on a daily basis.…
1. Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally. (4-6 sentences. 2.0 points)…
The GSI’s production quality control had checks that had been built into the system. There were a number of personnel in place to ensure that these controls were in place and working properly at any point in time. There were no controls in place for the billing process, the company did not have a set of written billing instructions, and the managers did not know how to use the billing instructions available to them. The billing process was handled by the GSI Project managers who had no financial background. The mangers focused more on production and ensuring that orders were shipped. A lot of controls were missing; the billing system had several flaws. Billing paper could only be submitted once a week. Reports took a long time to down load onto a computer. The billing and IT departments were resistant to a change in the system as the employee had become too comfortable with the new system and were afraid of job losses.…
We have been appointed as a Six Sigma breakthrough improvement team to look into rework costs and inefficiencies in the company’s invoicing process. Our breakthrough improvement team consists of representatives from the groups that provide the billing information and the groups that process the invoices. At our first meeting, we listed the major steps involved in the process and began constructing a flow diagram. Next, we looked at each step and began detailing the kinds of problems that are detected there. Finally, we listed specific activities that take place to resolve the individual problems that arise. On our completed flow diagram, we identified nine rework loops in the invoicing process.…
In this project we are making wireless billing system for malls. The main objective of the project is to reduce the time taken during the billing (no queues) since the billing is done wirelessly. Also to reduce the man power needed is less thus reducing the overhead cost of the system.…
2 Which changes in company processes and information are necessary to improve the payment processing system of RFC?…
it takes a long time to issue a sales invoice and record in the ledger in manual system.…
The existing system provides text-based interface, which is not as user-friendly as Graphical user Interface. Since the system is implemented in Manual, so the response is very slow. The transactions are executed in off-line mode, hence on-line data capture and…
An insurance company's client payment details are perhaps the most essential area requiring efficient information technology. Above all else, billing and invoicing systems generate the revenue necessary to keep the company in business. Cash flow remains a vital part of daily operations that could put the carriers…
In this highly competitive industry, making manual system being modernize was really an advantage for a company. A system like the sales invoice and billing system to be developed will serve a lot of benefits compared to the usual one. Patel (2000) stated that “small business billing system is there to help reduce errors that most generally annoy the customers “It is very obvious that the new system being develop for the PGA will surely give a lot of benefits.…
This study aims to provide an automated system for Q.R.H.S that will improve the payroll processing that eliminate most of…