Days Sales Outstanding (DSO) is a widely used method to help evaluate how effective a company is at collecting receivables. This metric is used to measure the average number of days it takes a company to collect what is owed to them after a sale has been completed. Put in fewer words, it is the
WHAT IS THE ORDER TO CASH CYCLE? Order to cash, also referred to as O2C, OTC, or the quote-to-cash cycle, is the term used to describe the set of businesses processes for receiving and completing a sale. The order to cash cycle begins when an order is placed and ends when payment is received and
What is a collections representatives? A collections representative does the brunt of hard work in the accounts receivable department. These are people that are actively calling and emailing accounts to attempt to collect from past due accounts. Their overall main goal is collect money and reduce the overall accounts receivable for the company, however, there
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