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These professionals might choose to read books, listen to podcasts, network with other CFOs, and attend workshops that address the core competencies they want to build. Here are some of the most important ones to monitor: Collectioneffectivenessindex. Days sales outstanding. Days sales outstanding.
AverageDaysDelinquent (ADD) ADD is an essential cash flow metric. It offers data on the effectiveness of your collection efforts by measuring the average number of days it takes to collect overdue payments.
By automating and streamlining your A/R collections process, you can eliminate tedious spreadsheets and manual processes and stop relying on A/R teams to chase customers for overdue invoices. Book your demo here to get started. Want to learn more about how to use Gravity for faster receivables at scale?
By automating and streamlining your A/R collections process, you can eliminate tedious spreadsheets and manual processes and stop relying on A/R teams to chase customers for overdue invoices. Book your demo here to get started. Want to learn more about how to use Gravity for faster receivables at scale?
This metric measures how long a company takes to collect on its invoices. CollectionEffectivenessIndex. The CEI measures how well a company’s collection efforts are working. A high CEI means the company is collecting on its invoices quickly and efficiently while a low CEI shows room for improvement.
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