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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). For example, it analyzes creditapplications, pinpoint missing or potentially incorrect data, and suggest more suitable credit limits.
Consider tracking A/R performance metrics that include best possible DSO , average days delinquent (ADD), collectiveeffectivenessIndex (CEI), and accounts receivable turnover ratio (ART). Establish proactive credit management policies. Automate payment reminders and follow-ups.
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. Collections analytics.
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Collection Effectiveness Index 
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