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
The primary way most companies measure AR performance involves looking at the DaysSalesOutstanding (DSO) metric. Accelerating sales can increase DSO, but most often the cause is problems in the order-to-cash (O2C) pipeline affecting collections. Your Virtual Credit Manager is a reader-supported publication.
Dashboards : Software that creates dashboards can help monitor changes in DaysSalesOutstanding, identify the biggest credit risks and the receivables with balances over 75 days past due, flag increases in inventory days. Other digital payment options : Amazon Payments, PayPal, Apple Pay. . •
That all the above consequences can present themselves simultaneously, only makes the downside worse. NACHA, the consortium that processes ACH payments in the US, which take two or three days to clear, now also offers Real Time Payments (RTP) so you can receive funds the same day, which can be important when rush orders are involved.
Those can still be good choices, but from a long-term perspective an Electronic Invoice Presentment and Payment (EIPP) solution offers the most benefits, especially in the area of customer satisfaction. Customers can access their invoices anytime, anywhere, using their preferred devices and payment methods.
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