LTIMindtree Senior Billing Executive Interview Questions, Process, and Tips

The end-to-end billing process involves generating invoices, sending them to customers, and collecting payments.

• Gathering billing information from various departments

• Creating invoices based on services/products provided

• Sending invoices to customers via email or mail

• Following up on overdue payments

• Recording payments received and updating accounts

The AR cycle is the process of managing accounts receivable from invoicing to payment collection.

• Key components include invoicing customers for goods/services rendered, tracking payments received, following up on overdue payments, and reconciling accounts.

• The cycle starts with generating invoices and ends with receiving payments.

• Effective management of the AR cycle is crucial for maintaining cash flow and ensuring time...read more

Creating a sales order involves multiple steps and key components.

• Gather customer information and product details

• Enter the order into the system

• Verify pricing and discounts

• Confirm availability of products

• Generate order confirmation for customer

• Send order to fulfillment team for processing

• Track order status and update customer

• Invoice customer upon shipment

Manual invoices are created by inputting customer and service details, assigning an invoice number, and sending to the client.

• Gather customer information such as name, address, and contact details.

• Input service details including description, quantity, rate, and total amount.

• Assign a unique invoice number for tracking and reference purposes.

• Include payment terms, due date, and any applicable taxes or discounts.

• Send the ...read more

I prioritize tasks based on deadlines and importance, creating a to-do list with clear objectives and timelines.

• I start by assessing the urgency and importance of each task

• I use tools like calendars, task management apps, or physical planners to organize my tasks

• I break down larger tasks into smaller, manageable steps to avoid feeling overwhelmed

• I regularly review and update my to-do list to ensure I am on track and ad

Credit and rebill processes involve correcting billing errors and resubmitting claims for payment.

• Credit process involves identifying and correcting billing errors, such as incorrect charges or missing information.

• Rebill process involves resubmitting corrected claims to insurance companies or patients for payment.

• Both processes require attention to detail and knowledge of billing regulations and procedures.

• Examples inc...read more