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Here are the KPIs you will need at a minimum: Days Sales Outstanding (DSO) - This metric tells you how fast you are converting your sales into cash. It is best understood in relation to Best Possible DSO (BPDSO) which is essentially what your DSO would be if every customer paid on time.
Invoice Inaccuracies : When there are errors on your invoice, or discrepancies between your invoice and the customer’s purchase order (PO), your customer is likely to only make a partial payment (also known as a paymentdeduction) or not pay until the discrepancy is resolved. An under performing AR.
Or they may simply want to have different types of payment options beyond checks and creditcardpayments. They were extended additional credit but were not creditworthy. Streamline the process for managing disputes and deductions. Dispute Management and Deductions. Self-Service Payment Gateway.
Or they may simply want to have different types of payment options beyond checks and creditcardpayments. They were extended additional credit but were not creditworthy. Streamline the process for managing disputes and deductions. Dispute Management and Deductions. Self-Service Payment Gateway.
From an accounts receivable (AR) perspective, digitization began accelerating in the late eighties with the introduction of tools that could help with financial analysis followed by collection, deduction management, and remittance processing software in the nineties. With customer-centric EIPP solutions, this becomes a reality.
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