We all know that “cash is king” is the mantra of any well run business. Cash is the fuel that drives growth when times are good, and the cushion that helps weather the storm when times are rough. Yet few companies focus on optimizing all the business processes that get cash “in the door”.
What is Billing?
A process of generating an invoice to recover sales price from the customer and also the process of transferring the stored charging information for a user into a bill.
In Business Improvement
With the Billing process, you can improve functions that are vital to the health and profitability of your business. Because this solution is purpose-built for financial institutions and trusted worldwide, you gain comprehensive capabilities, security, and control.
You’ll be able to:
• Better support critical revenue generation objectives.
• Increase billing accuracy.
• Improve customer satisfaction.
• Reduce operational costs.
• Identify revenue leakage and cross-sell opportunities.
This is critically important in recurring revenue/subscription-based business models where an on-going series of interactions form the customer experience, and ultimately, the business’ ability to reliably “get cash in the door”. These businesses must manage customers in terms of interactions rather than transactions. Effective order, billing, and payment processes enable organizations to optimize their most frequent communications with their customers in a whole new way. In other words, the billing process is no longer simply a routine, isolated back-office activity, but rather an integrated business strategy that provides competitive advantage. Background of the Company Studied
Owner : Mr. Exequiel Go
CEO : Mr. Wilfred Go
Nature of Business : Manufacturer of plastic bags, plastic films, Shopping Bags, BOPP plastic bag, Laminated plastic Company Name : Prima Plastic MFG Corp.
Established : 1963
Location : First Industrial City in Bo. Tikay, Malolos City, Bulacan I.S.O Certified last March 31, 2013
Manpower Size : 200 People
Manufacturing Plant Size : 10,000 square meters
Prima Plastic MFG Corp. is committed to manufacture quality plastic and safe packaging materials and technology guided by the values of teamwork, leadership and passion for work to serve the needs of our customers Vision :
Prima Plastic MFG Corp. is committed to provide affordable, safe, quality plastic and flexible packaging products by using environment-friendly materials and technology and continuously improving products, procedures and employee performance to meet global standards.
Into 1963, the pragmatic and hardworking MR. EXEQUIEL GO PUE SIET shifted his retail operation business and ventured into a relatively new industry, the plastic bag industry. The production of plastic bag is a new industry during that time since paper bags and brown bags dominated the market because it is the only practical packaging material available, plastic then was relatively new and expensive for everybody. . The company originally started with a set of PE extruder machine couple with a cutting machine which produces the plain and thin plastic bag that the company supplies to the Divisoria Market. The owner’s passion for work, frugality, dedication, leadership and a true sense of entrepreneurial spirit proved extremely helpful in the growth and development of the company. . As the year went by his children gradually took over the management of the business. it was eventually incorporated in a family corporation and continues to be known today as “Prima Plastic Manufacturing Corp.” Located at First Industrial City in Bo. Tikay, Malolos City, Bulacan, the Manufacturing plant has 10,000 sq.m. working area. In time, additional capital was infused and new machineries with higher technologies were acquired. To date, the company has up to 8 - colors rotogravure printing machines:...
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