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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. A chemical distributor did just this by providing their Salesforce with a dashboard to monitor each region’s receivables portfolio. it just might help them pay you sooner!
Accounts receivable reporting software refers specifically to the elements of A/R that present data and analytics in the form of an accounts receivables report. These types of reports include cash flow forecasting, aging reports, DSO calculations, and A/R performance. A/R performance. Greater A/R efficiency. See it in action!
The lower the DSO, the more efficient a company’s collections process is. Accounts Receivable Turnover: This metric measures how quickly customers pay off their debt. Gaviti easily tracks and reviews these and other metrics via a centralized dashboard. A higher A/R turnover indicates more efficient collections processes.
By understanding when large payments are due or when customers are likely to delay payments, CFOs can take proactive measures to mitigate risks, such as adjusting payment terms or focusing on high-riskaccounts.
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