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Ensure Buy-In From Key Stakeholders After you understand your collections team’s needs, you’ll need to present them to your CFO and any other important stakeholders to get them on board. Fortunately, many CFOs recognize how A/R software can help businesses automate the collections process.
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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