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What Is an ARAging Report? As an assessment and diagnostic tool, it’s hard to overstate the importance of your company’s accounts receivable (A/R) aging report. ARaging reports provide concrete information that can be used to take action. An aging report also analyzes how your customers’ companies work.
Is your ARAging creeping beyond resolution? Are you even able to review and report on your aging accounts receivable? The role of accounts receivables (AR) teams is increasingly important as the backbone of your organization’s financial health. Document Activities . Leverage AR Automation .
Marrying this data is important, but you are left checking platforms, ERP, and spreadsheets to accurately connect with customers and vendors. And knowing where you stack up regarding days sales outstanding (DSO) or ARAging? Document Management. Talk about a time suck! Email isn’t designed for that. Collaboration.
Proper accounts receivable management helps in reducing the days sales outstanding (DSO), thereby improving liquidity and profitability. Creating reports and balance sheets that document overall profits and losses. Challenges include late payments, payment disputes, high DSO, and maintaining accurate records.
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