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These types of reports include cash flow forecasting, aging reports, DSO calculations, and A/R performance. Track A/R performance metrics and KPIs such as collection rates, total A/R, DSO, customer risk, collective effectiveness index (CEI) and accounts receivable turnover ratio (ART). A/R performance.
When accounting departments want a quick evaluation of the health of a business, they often look at their DSO, or days sales outstanding. Traditionally, a low DSO indicates that your company has capital available and is in good financial standing. This includes both current, past and overdue invoices. monthly, quarterly or annually).
Do not match unapplied credits with open deductions and debits unless there is documentation to relate them or you will be in violation of escheatment laws. Refresh the creditrisk ratings and credit limits of customers that have not been updated within the past two years. Update your customer master file.
Track a range of traditional KPIs such as Total A/R, DSO, collections rate, and customer risk in addition to unique smart KPIs. Credit management and monitoring. Send onlinecreditapplications to both existing customers and potential prospects. Customer invoice distribution.
This article delves into how these advanced tools improve risk assessment, the key features to look for, a curated list of the top seven creditrisk management tools in 2025, and the benefits of integrating these solutions into your business operations.
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