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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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This is what logistics companies should look out for when choosing their receivables management software

Collenda

Companies in this sector that manage to reduce their days sales outstanding (DSO) gain an advantage. Experience shows that companies that optimise their workflows and processes and map them digitally dramatically improve cash flow and days sales outstanding (DSO). Modern software solutions can help.