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How was your accountsreceivable (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.
AccountsReceivables (AR) require active management. In fact, a hands off approach will only serve to compound the weaknesses in your order-to-cash (O2C) process. Any O2C friction that results will ultimately have a negative affect on AR performance. Laissez-faire doesn’t cut it.
Central to Billtrust Cash Application is the Digital Lockbox. This is a single email inbox where your customers’ digital paymentsare sent or re-routed. Inside the Digital Lockbox, emailed creditcardpaymentsare processed, and creditcard remittances are automatically captured along with emailed ACH remittances.
Businesses have been digitizing ever since the introduction of accounting software in the 1960s. Since then, there has been continuous improvement towards the holy grail of straight-through-processing (STP) across the order-to-cash (O2C) process. With customer-centric EIPP solutions, this becomes a reality.
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