Remove 2024 Remove Credit and Collections Remove DSO
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Is It Too Late to Achieve Your End-of-Year DSO Goals?

Your Virtual Credit Manager

Chances are, there is a lot that needs to be done in terms of accounts receivable (AR) management between now and December 31st, especially if you are short of your Days Sales Outstanding (DSO) goals. The good news is that given 20 days, you can still have an impact and improve your DSO and other AR metrics, but there is no time to waste.

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Four Goals Guaranteed to Improve Cash Flow

Your Virtual Credit Manager

If you are an executive at a small or mid-sized business, chances are you are in the process of putting together a budget for 2024, or have already done so. Maybe you have factored in an incremental improvement in DSO, but how much thought have you given to how you are going to meet that budgeted goal?

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A look back at 2024: 5 trends in credit management from the past year

Onguard

How has 2024 unfolded and what is expected for 2025? According to the latest Allianz data, 2024 is already going in the books as a record year for insolvencies , with Western Europe leading the rebound in the number of cases. The trends of today are shaping the trends of tomorrow. Did you know?

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Technology in credit management: 6 key learnings from 2024 

Onguard

Earlier in 2024, we surveyed 300+ CFOs and financial professionals in the Netherlands to study how they view current technology trends and their impact on the finance sector. 3 DSO on the rise in Europe A high Days Sales Outstanding (DSO) means that it takes longer for a company to collect money from its customers after making a sale.

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Best Outsource Debt Collection Services for 2024

Gaviti

Even with the most streamlined and automated A/R management process and B2B collections best practices , customers don’t always pay on time. At this point, your business should move from handling the invoice in-house to managing it through one of the debt collection outsourcing services listed below. billion by 2025 in the U.S.

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10 Top Finance Conferences for CFOs and Finance Leaders in 2024

Gaviti

In addition, many conferences for finance professionals also allow attendees to gain credits towards continuing education, a requirement for keeping their certifications valid. Make better credit decisions, lower DSO, and reconcile payments with near perfection. Schedule a demo to learn more. Schedule a Product Demo 3.

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Best 5 Autonomous Finance Tools for 2024

Gaviti

For example, autonomous A/R software automates the generation of recurring invoices and remittance, allowing finance teams to focus on collecting invoices from customers that can best optimize and accelerate their company’s cash flow. Automating manual tasks eliminates human error while allowing staff to focus on higher-value tasks.