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Are Your Collection Efforts Myopic?

Your Virtual Credit Manager

Share The Five Pillars Underlying Effective AR Management The accumulation, updating, storage, protection, and retrieval of Customer, Credit, Sales, and AR data is central to your revenue-producing and cash-generating operations. only benefits. It just might help them collect faster and pay you sooner.

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Don't Leave Converting Sales into Cash to Chance

Your Virtual Credit Manager

Even worse, the company’s stock price was depressed because of the company’s high Days Sales Outstanding (DSO) , a common measure of AR management effectiveness. After collecting your payments you still have work to do.

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6 Cash Flow Performance KPIs Every CFO Needs to Track

Gaviti

(DSO alone may account for receivables that don’t directly correlate with credit sales figures in the measured time period, reducing its accuracy when compared with shorter-term CEI calculations.) For CFOs, it’s also an important way to show how your department plays an essential role in revenue generation for your entire organization.

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CEO and CFO, do you know your DSO?

Onguard

Take a company with £20 million annual credit sales with 15 days delinquent (excess) DSO. Daily credit sales would be around £55,000 X 15 Days = £825,000 excess investment, or money, trapped in receivables. Where do you start to get this back on track? Management by spreadsheet will not help you here.

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