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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? First Pass Yield.

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Why Companies Underestimate How Finance Teams Affect the Bottom Line

Gaviti

Sending off invoices, collecting payments, paying vendors and meeting payroll are common examples. Choosing not to chase invoice payments could cause them not to be paid at all. Longer DSOs lead to a greater reliance on credit. With the recent hikes in interest rates, reducing credit reliance is even more important.

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8 Essential Features To Have in a Cash Application Software

Gaviti

Data analytics can also provide the information companies need to adjust their credit offerings. Here are some critical features of cash application automation software: Automated payment reconciliation compares invoices to payments and reconciles discrepancies.