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How to Benchmark Your Company’s DSO
DSO provides an indication of how much of your company’s cash is being used to finance customer accounts receivable. It can tell you if you are headed into a cash trap, where too much of
How to Calculate DSO
DSO or Days Sales Outstanding is one of the most commonly used metrics to assess accounts receivable quality and collection efficiency. It is calculated by dividing accounts receivable at the end of the period
Reducing DSO: The Strategy
DSO can suck up your company’s much needed cash resources and keep your company in a cash trap. Manual collections and accounts receivable create bottlenecks that allow DSO to grow and hamper your AR
Reducing DSO: The Bottleneck
Is your company in a cash trap with too much money tied up in DSO, and you can’t seem to reduce DSO no matter how hard your AR team tries? If your answer is
Reducing DSO: The Leading Indicators
DSO expansion can suck up the cash you need to operate and grow your business. If you are not careful you may end up in a cash trap that can lead to: Higher borrowing
Reducing DSO: The Benefits
Business is good. Orders and shipments are soaring. But, you are running out of cash to pay suppliers, employees and operating expenses. Sound familiar? You may be caught in a cash trap.Cash is the lifeblood
Using Automation to Improve Internal Communication Among Your Accounts Receivable Team
We are all too familiar with coming into the office during the flu season to find many members of the accounts receivable team out sick. With the advent of the coronavirus in China this
7 Powerful Accounts Receivable Sequences That Will Convert to Cash
Proactive and successful management of accounts receivable requires the use of automation and data. These resources can be used to guide your customers smoothly and efficiently through the accounts receivable process. Accounts Receivable Sequences
What Accounts Receivable Processes You Should Be Automating
Automating accounts receivable processes will result in a number of benefits, which will justify the cost of the investment many times over. These benefits include: Increased cash flow Lower costs Improved efficiency Better customer
How to Make an Effective Accounts Receivable Executive Dashboard
Executives are on the go 24/7. They need to know the pulse of their companies on a daily basis. Executives don’t have the time for meetings, phone calls, emails or hunting around on their
Why You Should Be Reporting On Invoice Disputes Regularly
Invoice disputes can be a huge time suck for your AR team, delay invoice payments, be costly to resolve and cause you to miss your AR KPI goals. Invoice disputes can result from any number
How to Set Quantifiable AR Goals
As the end of the year approaches you are probably working on plans and budgets for next year. Before you start to set goals for your AR department and individual team members spend some
The Importance of Accounts Receivable Coaching Analytics for Team Growth
The time you spend coaching and mentoring your AR team is time well spent. The positive results you reap from fostering and nurturing your team’s growth will pay for your time over and over
Why You Should Be Setting Goal Tracking For Your Accounts Receivable Team
Setting goals for your accounts receivable team can help you to better manage them, and it is good for your team members. Setting goals helps you to manage your AR team by: Informing your
