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7 Strategies to Reduce DSO and Enhance Cash Flow

Gaviti

Make paying as easy as possible by giving customers many payment options, including credit or debit cards, digital payments, check, bank transfers, etc. Self service customer payment portals also offer another convenient payment channel that minimizes errors, encourages timely payments and improves overall customer satisfaction.

DSO 52
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Accounts Receivable Analysis: Meaning, Objectives, Importance

Gaviti

A/R turnover ratio: This measures how quickly you collect receivables. Collection effectiveness index: This measures how well you collect payments from customers. Aging analysis: This helps you understand which invoices are at risk of becoming delinquent. Others might like to pay online.