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A structured dispute resolution process minimizes delays in payment collection. Collections Management Effective collections management involves tracking overdue invoices and implementing escalation strategies for persistent defaulters. What is DaysSalesOutstanding (DSO) and why is it important?
Automation of accounts receivable is the process of automating various manual tasks involved AR process like invoicing, collecting, and tracking receivable to ensure timely collection. Cash flow and working capital benefit substantially from a reduced dayssalesoutstanding (DSO) achieved with the help of AR automation tool.
DaysSalesOutstanding. This metric measures how long a company takes to collect on its invoices. A low DSO means customers are paying their invoices quickly, and a high DSO indicates that customers take a longer time to pay their invoices. Collection Effectiveness Index.
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