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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. Although different A/R solutions deliver different metrics, cash balance and dayssaleoutstanding only scratch the surface of measuring performance.
In this post we will go in depth into all the additions to our A/R collections dashboard BPDSO (Best Possible DaysSalesOutstanding) First up is the BPDSO (Best Possible DaysSalesOutstanding) metric. ADD (AverageDaysDelinquent) Next, we have the ADD (AverageDaysDelinquent) metric.
The Insights section provides valuable information on DSO (dayssalesoutstanding) and allows users to compare their collections team’s performance to similar companies. First, we’ve added the BPDSO (Best Possible DaysSalesOutstanding) metric to the dashboard. Let’s start with: Insights!
DaysSalesOutstanding. AverageDayDelinquent. The averagedaydelinquent measures how long it takes customers to pay their invoices. A/R dashboards give managers the information they need to improve collections and reduce outstanding receivables.
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