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Many companies use ADD (AverageDaysDelinquent) or look at the ratio of open invoices to overdue invoices. The key features of Gaviti include: Credit Management: Automation of creditapplications and reviews, enforce credit limits, and monitor credit utilization.
Although different A/R solutions deliver different metrics, cash balance and days sale outstanding only scratch the surface of measuring performance. Consider tracking A/R performance metrics that include best possible DSO , averagedaysdelinquent (ADD), collective effectiveness Index (CEI), and accounts receivable turnover ratio (ART).
3) Examine Your Credit Needs You’ll also need to take a good look at your credit needs and how much risk you are willing to take with customers. You will also need to look at how much time it takes to approve new customers, review creditapplications, etc. credit scores, payment history, etc) is dynamic.
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