Books Credit and Collections DSO 
Your Virtual Credit Manager
JANUARY 17, 2023
Inevitably they will need to initiate Collection activities to recover some of this money owed; in other words, contacting delinquent customers and requesting them to pay your firm for goods and/or services provided on credit terms that have become past due. it just might help them pay you sooner!
Gaviti
JUNE 19, 2023
Effective communication is the most critical aspect of any A/R collections strategy. Even so, there are some basics you can apply across most templates you may use for collections. How Can You Use Templates To Collect Invoices Outstanding for Payment? Create an invoice for every step of the collections process.
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Gaviti
JANUARY 8, 2023
It adds an extra step to credit extension and A/R processes, but it saves organizations time they would otherwise spend hunting payments for invoices. How Prioritization Strategies Improve Collections Performance. Accounts Receivable teams can use prioritization strategies to increase the efficiency of their collections process.
Your Virtual Credit Manager
JULY 11, 2023
Accounts Receivable (AR) is among the three largest assets on most companies’ books — inventory along with plant and equipment are the other two. This article focuses on one widely used metric, Days Sales Outstanding (DSO) and the best ways to understand it. The key with DSO is to pick one method and use it consistently.
Gaviti
OCTOBER 30, 2023
What are the Benefits of Autonomous Finance in A/R Collections? Automating manual tasks such as A/R invoice collections and account reconciliation eliminates these tasks that are prone to human error. As a result, businesses can increase productivity in their A/R collections teams without hiring additional staff.
Gaviti
NOVEMBER 14, 2022
Receivables collection is one of the most critical functions of any business, but it can also become one of the most stressful. Companies can reduce many overwhelming and monotonous aspects of collections via automation. Sage Intacct streamlines collections tasks but automation alone is not enough. Scroll down to Credits.
Gaviti
MARCH 4, 2024
Once an invoice hits accounts receivable (A/R), it enters what’s called the average collection period. Other common names include “days sales in accounts receivable,” “average receivables collection period,” or “ days sales outstanding (DSO).” Your average collection period is an important key performance indicator (KPI).
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