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Monitor key performance indicators ( KPIs ) like Days Sales Outstanding (DSO) and collection effectiveness to track progress. Reassess what data you are using to measure success. Many traditional KPIs, like DSO, are not always a good indicator of collection success.
Better Reporting and Analytics : Automation solutions provide real-time insights into ARmetrics, aiding in informed decision-making. Key Features of Top Accounts Receivable Automation Solutions Automated Invoice Generation and Distribution : Creating and sending invoices automatically to customers.
CashApplicationAutomationAutomation streamlines the matching of incoming payments to corresponding invoices, reducing errors and ensuring accurate financial records. Benefits of Automating Accounts Receivable 1.
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