Invoice the Customer RCM
Customer Billing Risk Management Techniques
Explore a practical risk and control reference tool designed to help users identify common revenue, billing, invoicing and order-to-cash risks, along with corresponding control activities that can mitigate those risks. The tool provides examples of risks such as incomplete billing, inaccurate invoice data, untimely invoicing, unauthorized concessions, unsupported revenue recognition and data integrity issues between billing and legacy systems. Use this tool to quickly locate control descriptions that support stronger process governance, more accurate financial reporting and more consistent billing practices. You can expect to find control examples involving automated validation, reconciliations, exception reporting, supervisory review, segregation of duties, management approvals, standard contract terms and system-based matching across orders, shipping records, invoices and general ledger activity.
Key Features:
- Risk-to-control mapping for common revenue, billing, invoicing, and order-to-cash risks
- Automated validation and system matching across order entry, shipping documentation, invoices, price lists, and general ledger activity
- Reconciliation and exception reporting to identify discrepancies, unbilled shipments, unsupported billings, and data integrity issues
- Governance controls, including segregation of duties, supervisory review, management approvals, and standardized contracts or shipping terms