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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 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. A chemical distributor did just this by providing their Salesforce with a dashboard to monitor each region’s receivables portfolio. it just might help them pay you sooner!

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An Inconvenient Truth about the Cash Conversion Cycle

Your Virtual Credit Manager

The bottom line was a 13 percent reduction in DSO over a 6 month period in conjunction with invoice accuracy rising above 90 percent. A chemical distributor did just this by providing Sales with a dashboard to monitor their region’s receivables portfolio. Calculations were included for customer margins and profitability.

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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. Improve liquidity and DSO. 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.

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Product: Collections

Serrala

Schedule a Demo Key Collection Management Software Capabilities Collection Scoring A unique feature that defines a customer collection score based on flexible KPI’s, indicating the risk of late payments or possible defaults with collection strategies automatically adapting based on score calculated. Find out more. Interested in a demo?