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Collections Dashboard: Why Is It an Essential Growth Tool?

Gaviti

It also gives companies the ability to move away from manual tracking in spreadsheets, to a real-time dashboard, which saves time and gives a full and reliable visualization of the current state of collections. So, how can using a collection dashboard help, and why is it so indispensable as a growth tool? Days Sales Outstanding.

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Sales Commissions Impact the Collection Process

Your Virtual Credit Manager

The sales team learned very quickly that eliminating the friction from the billing and payment processes facilitated earlier customer payments, hence larger commissions. 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.

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6 Cash Flow Performance KPIs Every CFO Needs to Track

Gaviti

Here’s the formula for Average Days Delinquent: ADD = Days Sales Outstanding (DSO) – Best Possible Days Sales Outstanding (BPDSO) Note the role of the DSO metric in this calculation. Book a demo today to see how you can get started improving your cash flow with Gaviti.

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Embracing RPA in Accounts Receivable: A Strategic Approach

Gaviti

This helps to speed up the entire invoice-to-cash cycle, reducing Days Sales Outstanding (DSO) and improving cash flow. The dashboard includes both traditional KPIs such as DSO , customer risk, and total A/R in addition to unique KPIs and advanced analytics. Contact us and book a demo today. It costs less.

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Unlocking the Power of A/R Analytics and Dynamic Reporting

Gaviti

A/R analytics aggregate information from multiple sources and visualize key business indicators such as customer payment trends or days sales outstanding. Organizations focus heavily on the days sales outstanding, but additional options exist. Book a demo to get started.

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How to Improve Task Prioritization for A/R Collections Teams

Gaviti

Start small with these core KPIs and then expand your options as the need arises: Days Sales Outstanding: It gauges how long it takes for customers to pay their invoices. Gaviti easily tracks and reviews these and other metrics via a centralized dashboard. Book a demo today to see how it works.

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The Limits of AR Automation – The Case for Managed Services

The Corcentric Blog

The benefits of AR automation are numerous, including improved cash flow, increased efficiency, reduced DSO (days sales outstanding), improved customer experience, and better visibility into and control over working capital. Suppliers don’t have to restrict their credit policies to work with a managed service provider.