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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). DSO , collectioneffectivenessindex), cash flow forecasting, customer payment behavior analysis, and dispute and deduction tracking.
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 collectiondashboard help, and why is it so indispensable as a growth tool?
CollectionEffectivenessIndex (CEI) CEI compares receives collected in a given time period against the receivables available in that same period. Similar to DSO, this cash application KPI offers a broad measure of how effective your collection efforts are. (DSO
Before you set up your analytics, decide what is important to you and make sure that you can customize your system or dashboard to highlight the statistics that you want to focus on. Accounts receivable turnover: ART measures the number of times during a period a company collects its average accounts receivables.
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