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Sales Commissions Impact the Collection Process

Your Virtual Credit Manager

The sales team learned very quickly that eliminating the friction from the billing and payment processes facilitated earlier customer payments, hence larger commissions. The bottom line was a 13 percent reduction in Days Sales Outstanding (DSO) over a 6 month period in conjunction with invoice accuracy rising above 90 percent.

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New A/R Collections KPI Dashboard Features January 2023

Gaviti

That’s why we are excited to announce the addition of several new metrics to the collections dashboard. In this post we will go in depth into all the additions to our A/R collections dashboard BPDSO (Best Possible Days Sales Outstanding) First up is the BPDSO (Best Possible Days Sales Outstanding) metric.

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Collections Dashboard: Why Is It an Essential Growth Tool?

Gaviti

It also gives companies the ability to move away from manual tracking in spreadsheets, to a real-time dashboard, which saves time and gives a full and reliable visualization of the current state of collections. So, how can using a collection dashboard help, and why is it so indispensable as a growth tool? Days Sales Outstanding.

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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.

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“Must Have” Metrics for Receivables Management

Your Virtual Credit Manager

Monthly: The Three Weekly Metrics listed above Days Sales Outstanding (DSO) – This metric expresses the level of AR as the number of days of sales that comprise your AR total. For example, if you sell on Net 30 day credit terms, and all your invoices were paid on the due date, your DSO would be 30 days.

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Which Companies Benefit from Emagia’s Autonomous Finance Solutions for Account Receivables

Emagia

Logistics and Supply Chain: With frequent billing and payment cycles, logistics companies benefit from Emagia’s ability to optimize collections and reduce Days Sales Outstanding (DSO). With real-time dashboards and AI-driven insights, mid-market enterprises can improve cash flow without investing heavily in IT.

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Gaviti New Features – DSO benchmark, A/R Teams, Partial Payments, Tagging and more.

Gaviti

With this update, we’ve added new insights, enhanced the AR team screen, added partial payment functionality, and introduced a host of new metrics to the dashboard. New Dashboard Metrics Provide Enhanced Insights into Collection Efforts For your convenience we added several new metrics to the Gaviti dashboard.

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