Your Virtual Credit Manager

JANUARY 17, 2023

The bottom line was a 13 percent reduction in Days Sales Outstanding (DSO) over a 6 month period in conjunction with invoice accuracy rising above 90 percent. A chemical distributor did just this by providing their Salesforce with a dashboard to monitor each region’s receivables portfolio. Revenue or Profits?

Credit and Collections 246

Credit and Collections Accounts Receivable (AR) Days Sales Outstanding Past Due Invoices 246

Gaviti

NOVEMBER 29, 2022

It also gives companies the ability to move away from manual tracking in spreadsheets, to a real-time dashboard, which saves time and gives a full and reliable visualization of the current state of collections. So, how can using a collection dashboard help, and why is it so indispensable as a growth tool? Days Sales Outstanding.

Dashboards 52

Dashboards Average Days Delinquent Credit and Collections Cash Forecasting 52

Gaviti

MARCH 21, 2023

However, do you still find that your days outstanding, or DSO , is on the rise? One A/R processing challenge that often leads to higher DSO is when customers find it hard or inconvenient to make a payment. Try to consolidate your data as much as possible into one particular book, service, or A/R solution.

Payment Portals 78

Payment Portals DSO Alternative Payment Methods Dashboards 78

Gaviti

DECEMBER 18, 2024

These types of reports include cash flow forecasting, aging reports, DSO calculations, and A/R performance. Track A/R performance metrics and KPIs such as collection rates, total A/R, DSO, customer risk, collective effectiveness index (CEI) and accounts receivable turnover ratio (ART). A/R performance. See it in action!

Collection Effectiveness Index 52

Collection Effectiveness Index DSO Credit and Collections Invoice to Cash 52

Gaviti

JANUARY 8, 2023

The lower the DSO, the more efficient a company’s collections process is. Gaviti easily tracks and reviews these and other metrics via a centralized dashboard. Book a demo today to see how it works. Accounts Receivable Turnover: This metric measures how quickly customers pay off their debt.

Credit and Collections 98

Credit and Collections Days Sales Outstanding DSO High-Risk Accounts 98

Gaviti

JULY 11, 2024

By centralizing data in one place, you’ll allow for A/R and finance teams as well as marketing, sales and procurement to see metrics such as days sales outstanding (DSO), unique KPIs and customer risk assessments. Make better credit decisions, lower DSO, and reconcile payments with near perfection. Schedule a demo to learn more.

DSO 52

DSO AR Automation Credit and Collections Bad Debt 52

Gaviti

JANUARY 2, 2024

Here’s the formula for Average Days Delinquent: ADD = Days Sales Outstanding (DSO) – Best Possible Days Sales Outstanding (BPDSO) Note the role of the DSO metric in this calculation. If you need help with this, check out how to calculate DSO. But note that CEI is more accurate when measuring collections in shorter periods.

Collection Effectiveness Index 52

Collection Effectiveness Index Average Days Delinquent DSO Days Sales Outstanding 52