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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. At the same time, the worth of shaving even one day off your DSO increases. For example, it sends out invoices, automates conversations, calculates KPIs, and can conduct cash forecasting for different scenarios.

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Collections Dashboard: Why Is It an Essential Growth Tool?

Gaviti

This metric measures how long a company takes to collect on its invoices. A low DSO means customers are paying their invoices quickly, and a high DSO indicates that customers take a longer time to pay their invoices. Collection Effectiveness Index. Cash Forecast Accuracy.

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8 Essential Features To Have in a Cash Application Software

Gaviti

Here are some critical features of cash application automation software: Automated payment reconciliation compares invoices to payments and reconciles discrepancies. Automated cash forecasting enables businesses to plan way in advance and make improved financial decisions.