Remove Credit Card Payments Remove Days Sales Outstanding Remove Presentation
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Top 10 Strategies for Reducing Days Sales Outstanding (DSO)

Your Virtual Credit Manager

The primary way most companies measure AR performance involves looking at the Days Sales Outstanding (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.

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Help business clients use technology to improve cash flow

Abrigo

Dashboards : Software that creates dashboards can help monitor changes in Days Sales Outstanding, 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. . •

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Is Your AR Management up to the Task?

Your Virtual Credit Manager

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.

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The Case for Electronic Invoice Presentment and Payment

Your Virtual Credit Manager

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.