This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Track A/R performance metrics and KPIs such as collection rates, total A/R, DSO, customer risk, collectiveeffectivenessindex (CEI) and accounts receivable turnover ratio (ART). DSO , collectioneffectivenessindex), cash flow forecasting, customer payment behavior analysis, and dispute and deduction tracking.
A/R turnover ratio: This measures how quickly you collect receivables. Collectioneffectivenessindex: This measures how well you collect payments from customers. Collections analytics. Cashapplication. For example, some might prefer to pay in person via credit or debit card. and unique KPIs.
Some companies want to simply reduce the effort they spend on manual tasks to focus on high-impact tasks, while others may envision it as a way to help them achieve their specific cashapplication or credit needs. Enterprise-level businesses may have complex needs, while smaller ones may simply need an all-in-one accounting software.
These reports not only help your A/R and finance team gain visibility of the collections team and individual team members, but allows for transparency across all other teams and stakeholders. Prompt, efficient communications also reduce the need to chase customers to collect on invoices, which results in better relationships.
In this blog, you’ll learn about the most important cash flow metrics and cashapplication KPIs for CFO performance and their relationship to your overall financial planning. What is a CashApplication KPI? Average Days Delinquent (ADD) ADD is an essential cash flow metric.
Collection Rate The collection rate, or CollectionEffectivenessIndex ( CEI ) is a measure of how well you’re collecting outstanding payments within a specific period. It’s a comparison of how much you were owed at the beginning of the period versus how much you actually collected during that same period.
This may include both individual and team collections performance KPIs, aging reports, collectioneffectivenessindex (CEI), along with receivables turnover and best possible DSO. Have an effective process in place to deal with late receivables. Cashapplication.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content