Remove Accounts Receivable (AR) Remove Credit Card Payments Remove Days Sales Outstanding
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Top 10 Strategies for Reducing Days Sales Outstanding (DSO)

Your Virtual Credit Manager

How was your accounts receivable (AR) performance last year? This is a very important question because AR is typically one of the top two or three largest assets for a B2B vendor. The primary way most companies measure AR performance involves looking at the Days Sales Outstanding (DSO) metric.

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Is Your AR Management up to the Task?

Your Virtual Credit Manager

Accounts Receivables (AR) require active management. Any O2C friction that results will ultimately have a negative affect on AR performance. Photo by Elisa Ventur on Unsplash When a company’s AR under-performs, the consequences are substantial. There are multiple costs and vulnerabilities that emerge.

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Increase the Liquidity of Your Receivables Portfolio

Your Virtual Credit Manager

Turning your inventory over faster and your payables slower will add cash to your balance sheet, as will raising capital by selling shares in your company or getting a loan or line of credit. The other option you have involves improving the performance of your accounts receivable (AR).

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The B2B Payments Landscape Today

TreviPay

Chief financial officers (CFOs) and treasurers are also under pressure to refine and improve cash flow management practices, reduce unpaid invoice write-offs, and streamline workflows. Conventional AR processes and paper-based workflows do not suit remote work. Other factors have come into play as well, including the following: 1.

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The Case for Electronic Invoice Presentment and Payment

Your Virtual Credit Manager

Businesses have been digitizing ever since the introduction of accounting software in the 1960s. Below are the key advantages: 1. Improved Cash Flow and Forecasting EIPP accelerates the cash conversion cycle by accelerating invoice delivery, thereby enabling faster payments and reducing days sales outstanding (DSO).