Your Virtual Credit Manager

JANUARY 7, 2025

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.

Days Sales Outstanding 130

Days Sales Outstanding DSO Credit and Collections Accounts Receivable (AR) 130

Gaviti

JANUARY 6, 2025

9) Include different payment options for customer convenience Offering multiple payment options available will help your clients to settle past due accounts faster and easier. For example, foreign clients that cannot make ACH payments should have additional payment options available such as credit card payments.

Credit and Collections 92

Credit and Collections Days Sales Outstanding Invoice to Cash Invoice Amount 92

Your Virtual Credit Manager

JULY 25, 2023

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.

Best Possible DSO (BPDSO) 130

Best Possible DSO (BPDSO) DSO Cash Forecasting Credit and Collections 130

Your Virtual Credit Manager

APRIL 11, 2023

To avoid the delays associated with checks and otherwise not providing customers with their preferred method of payment, businesses should offer multiple payment options including credit card payments over the phone, online payments via ACH or credit card, and other automatic payments.

Bad Debt 130

Bad Debt Credit and Collections Accounts Receivable (AR) Days Sales Outstanding 130

Know-It Global

APRIL 13, 2023

Debtor days, or as some call days sales outstanding (DSO), is a measure of how long it takes for a company to collect payment from its customers. High debtor days figures suggest that a business takes too long to collect payment. They’ll strive to recover late payment interest and compensation on your behalf.

Credit and Collections 97

Credit and Collections Days Sales Outstanding Credit Scoring DSO 97

Gaviti

FEBRUARY 18, 2024

Or they may simply want to have different types of payment options beyond checks and credit card payments. They were extended additional credit but were not creditworthy. Self-Service Payment Gateway. They may have a dispute and refuse to pay in full until the dispute is resolved.

Credit and Collections 52

Credit and Collections Deductions Collector Payment Portals 52

Gaviti

FEBRUARY 18, 2024

Or they may simply want to have different types of payment options beyond checks and credit card payments. They were extended additional credit but were not creditworthy. Self-Service Payment Gateway. They may have a dispute and refuse to pay in full until the dispute is resolved.

Credit and Collections 52

Credit and Collections Deductions Collector Payment Portals 52