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Top 6 Accounts Receivable Software Providers with a Payment Portal

Gaviti

If you’ve decided that you want to move ahead with accounts receivable software, you might want to consider looking into an A/R software provider with a client payment portal. It’ll help you provide your customers the best payment experience possible while saving both costs, time and reducing errors.

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Receivables Turnover vs. Days Sales Outstanding (DSO): What’s the Difference?

Gaviti

Two critical key performance indicators (KPIs) that help your accounts receivable team optimize collections are receivables turnover and days sales outstanding (DSO). DSO calculation requires input of your ending accounts receivable for a given time period against the credit sales during the same timeframe.

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7 Strategies to Reduce DSO and Improve Cash Flow

The Esker Blog

Days Sales Outstanding (DSO) is a common measure for how long it takes a company to collect on an invoice. The goal is to reduce DSO to have the lowest DSO possible and quickly recover payment on accounts receivable (AR). DSO = ($125,000 / $950,000) × 365 days = 48. Check out Esker’s payment portal.

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7 Strategies to Reduce DSO and Enhance Cash Flow

Gaviti

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).

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5 Common Challenges Faced by A/R Teams That Can Be Overcome Through Automation

Gaviti

Invoices can be paid 24/7 through a self-service payment portal. Payments are reconciled automatically, your ERP is updated with the new payment data, and the customer receives payment confirmation within a few minutes. Customers can keep a credit card on file or choose another method.

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7 Best Accounts Receivable (A/R) Automation Software Vendors

Gaviti

By centralizing data in one place, you’ll allow for A/R and finance teams as well as marketing, sales and procurement to see metrics such as days sales outstanding (DSO), unique KPIs and customer risk assessments. Make better credit decisions, lower DSO, and reconcile payments with near perfection. Schedule a demo to learn more.

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Best 7 Cash Application Software Solutions of 2024

Gaviti

Make better credit decisions, lower DSO, and reconcile payments with near perfection. Gaviti Gaviti delivers 100% accuracy matching invoices to payments when customers use its Self-Service Payment Portal, and a 95% rate of accuracy for all payments. Automatic cash application via the payment portal.