Gaviti

APRIL 3, 2024

When accounting departments want a quick evaluation of the health of a business, they often look at their DSO, or days sales outstanding. However, days sales outstanding are subject to a range of factors and targets should always be based on the wider context of the business and industry.

DSO 52

DSO Days Sales Outstanding Credit and Collections Collection Effectiveness Index 52

SAP Credit Management

AUGUST 2, 2023

Billing documents that are not posted to accounting often remain unnoticed or unresolved, causing roadblocks such as: Inaccurate revenue data sales and financial reporting Increased days sales outstanding Delayed customer invoicing and revenue recognition, causing negative impact on cash flow.

Revenue Recognition 165

Revenue Recognition Days Sales Outstanding Order to Cash 165

Your Virtual Credit Manager

JANUARY 30, 2024

Table #1: Traditional Collection Automation Strategies This automated approach, as illustrated in Table 1, significantly reduces Days Sales Outstanding (DSO), typically resulting in a 10 to 20 percent reduction within six months for newly automated collection organizations.

Credit and Collections 130

Credit and Collections Collector Accounts Receivable (AR) Days Sales Outstanding 130

Gaviti

SEPTEMBER 7, 2023

Days sale outstanding is one of the most widely used criteria for judging the effectiveness of your accounts receivable strategy. DSO Formula (Ending Total Receivables ÷ Total Credit Sales) x Number of Days What Is the ‘Best Possible’ DSO? It also paints a picture of the health of your company.

DSO 52

DSO Days Sales Outstanding Past Due Invoices Credit and Collections 52

Gaviti

NOVEMBER 20, 2023

By extension, most A/R invoice-to-cash management platforms and teams base their key performance indicators (KPIs) on the measurement of Days Sales Outstanding, or DSO. Most Accounts Receivable teams use DSO as the main KPI to measure their performance.

Collection Effectiveness Index 52

Collection Effectiveness Index Days Sales Outstanding DSO Credit and Collections 52

TreviPay

MAY 12, 2023

Days sales outstanding (DSO) is another good example. What is days sales outstanding (DSO)? Days sales outstanding (DSO) (also known as days receivables or cash collection period ) is a measure used to help determine the state of businesses’ collection process.

DSO 52

DSO Days Sales Outstanding Credit and Collections Total Receivables 52

Your Virtual Credit Manager

JANUARY 17, 2023

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.

Credit and Collections 246

Credit and Collections Accounts Receivable (AR) Days Sales Outstanding Past Due Invoices 246

Your Virtual Credit Manager

DECEMBER 12, 2023

Consequently, cash flow decreased while Days Sales Outstanding (DSO) and Past Due Receivables skyrocketed. The customers were billed at the higher time and material rates since technically, they were not “contract” customers. The customers, however, did not pay the invoices.

Days Sales Outstanding 130

Days Sales Outstanding DSO Credit Management Small Businesses 130

Emagia

NOVEMBER 21, 2023

How can AI help decrease DSO (Days Sales Outstanding)? Reducing Days Sales Outstanding (DSO) is a perpetual challenge, and AI emerges as a strategic ally in this pursuit. Essentially, there is progressive efficiency now baked in to your customer remittance process.

Days Sales Outstanding 52

Days Sales Outstanding DSO Credit and Collections B2B Credit 52

Gaviti

JANUARY 24, 2023

In this post we will go in depth into all the additions to our A/R collections dashboard BPDSO (Best Possible Days Sales Outstanding) First up is the BPDSO (Best Possible Days Sales Outstanding) metric. ADD (Average Days Delinquent) Next, we have the ADD (Average Days Delinquent) metric.

Dashboards 52

Dashboards Average Days Delinquent Days Sales Outstanding DSO 52

Your Virtual Credit Manager

APRIL 2, 2024

Optimizing Cash Flow: By assigning more aggressive collection strategies to higher-risk accounts, you can improve cash flow by reducing the average days sales outstanding (DSO) and accelerating the collection of outstanding receivables.

Credit Scoring 130

Credit Scoring Credit and Collections Bad Debt Credit Risk 130

The Corcentric Blog

AUGUST 9, 2022

At Corcentric we enable businesses to bring their days sales outstanding (DSO) down dramatically and fix this at a lower number of days, permanently.

Days Sales Outstanding 52

Days Sales Outstanding DSO 52

Gaviti

JANUARY 2, 2024

Here’s the formula for Average Days Delinquent: ADD = Days Sales Outstanding (DSO) – Best Possible Days Sales Outstanding (BPDSO) Note the role of the DSO metric in this calculation. But continually high ADD scores across clients may indicate poor collection efficiency on your side.

Collection Effectiveness Index 52

Collection Effectiveness Index Average Days Delinquent DSO Days Sales Outstanding 52

Gaviti

JANUARY 24, 2023

The Insights section provides valuable information on DSO (days sales outstanding) and allows users to compare their collections team’s performance to similar companies. First, we’ve added the BPDSO (Best Possible Days Sales Outstanding) metric to the dashboard. Let’s start with: Insights!

DSO 52

DSO Days Sales Outstanding Average Days Delinquent Dashboards 52

TreviPay

OCTOBER 31, 2022

Days Sales Outstanding (DSO) and the need to allocate resources to chase unpaid invoices were eliminated. Days Sales Outstanding (DSO) are eliminated as Plank is always paid on time, even if their buyers’ default on payment. . This means Plank is always paid on time even if a buyer defaults on payment.

Days Sales Outstanding 59

Days Sales Outstanding DSO Default Credit Risk 59

Gaviti

JANUARY 16, 2023

By applying these same principles to your collections workflows, you can improve your cash flow and reduce your Days Sales Outstanding (DSO). If you send your first dunning email on or after the payment due date, you are already running late and unnecessarily increasing your Days Sales Outstanding (DSO).

DSO 98

DSO Days Sales Outstanding Payment Portals 98

Emagia

OCTOBER 30, 2023

Moreover, given the power of AI is its ability to expedite processes, reduce Days Sales Outstanding (DSO), and enhance cash flow management, businesses’ expansion and escalation of AI’s use is only likely to continue, and at an exponential pace.

Days Sales Outstanding 52

Days Sales Outstanding B2B Credit DSO 52

Gaviti

MAY 9, 2023

A/R analytics aggregate information from multiple sources and visualize key business indicators such as customer payment trends or days sales outstanding. Organizations focus heavily on the days sales outstanding, but additional options exist.

Days Sales Outstanding 52

Days Sales Outstanding DSO Collection Effectiveness Index Dashboards 52

Lockstep

NOVEMBER 16, 2022

By leveraging data analytics, you can make changes to your process that will improve collections and reduce DSO (days sales outstanding). Data analytics can help you to identify trends and areas for improvement in your accounts receivable process. This information is critical for collections managers and AR teams.

AR Automation 88

AR Automation Accounts Receivable (AR) Days Sales Outstanding DSO 88

Credit Management Group UK

JANUARY 8, 2023

Using reporting such as management reports that give a clear indication of the past 6 months to a year’s debtor days (day sales outstanding) or other performance indicators, will not only highlight your hard work, but will also identify trends during the year. Ask the experts.

Days Sales Outstanding 73

Days Sales Outstanding Credit and Collections Credit Management 73

Your Virtual Credit Manager

DECEMBER 19, 2023

As part of that budget, you have likely made some accommodation for your accounts receivable (AR), probably in the form of a Days Sales Outstanding (DSO) objective based on past performance.

DSO 130

DSO Third Party Collections Credit and Collections Deductions 130

Collenda

JULY 19, 2023

The software supports all major communication channels and enables targeted monitoring of arrears, payment behaviour, and response rates of debtors thereby improving days sales outstanding (DSO) and cash flow.

DSO 52

DSO Days Sales Outstanding Credit and Collections Credit Management 52

Lockstep

JUNE 15, 2022

Proper, healthy credit management allows for steady cash flow, better collections management and a manageable days sales outstanding (DSO). . For B2B businesses, credit management is essential for accounts receivable (AR) management success.

AR Automation 89

AR Automation Bad Debt DSO Accounts Receivable (AR) 89

Onguard

MAY 9, 2023

The fact that customers find it more difficult to pay their bills is also reflected in the number of days an account remains outstanding. Just under half of organisations (41%) wait on average more than 30 days for a payment. For 4%, the Days Sales Outstanding (DSO) is even more than 40 days.

DSO 52

DSO Days Sales Outstanding 52

Emagia

FEBRUARY 5, 2023

Cash flow and working capital benefit substantially from a reduced days sales outstanding (DSO) achieved with the help of AR automation tool. This helps reduce days sales outstanding (DSO) and lay a solid foundation for financial supply chain.

AR Automation 52

AR Automation Days Sales Outstanding DSO Credit and Collections 52

Gaviti

MARCH 4, 2024

Other common names include “days sales in accounts receivable,” “average receivables collection period,” or “ days sales outstanding (DSO).” Once an invoice hits accounts receivable (A/R), it enters what’s called the average collection period.

DSO 52

DSO Credit and Collections Days Sales Outstanding Credit Sales 52

Lockstep

MAY 17, 2022

Lockstep is dedicated to helping our customers improve cashflow, decrease days sales outstanding (DSO), and increase working capital through award-winning accounts receivable automation. Even more so, without the organization and fortitude of the accounts receivable (AR) teams, cash flow would be a “cash trickle.” .

Accounts Receivable (AR) 52

Accounts Receivable (AR) Days Sales Outstanding DSO 52

Your Virtual Credit Manager

JULY 11, 2023

This article focuses on one widely used metric, Days Sales Outstanding (DSO) and the best ways to understand it. Photo by Isaac Smith on Unsplash There are numerous metrics used to monitor the health, magnitude and risk profile of the AR asset.

Best Possible DSO (BPDSO) 100

Best Possible DSO (BPDSO) DSO AR Metrics Credit and Collections 100

Your Virtual Credit Manager

APRIL 11, 2023

Photo by Elisa Ventur on Unsplash When a company’s AR under-performs, the consequences are substantial. There are multiple costs and vulnerabilities that emerge. An under performing AR.

Bad Debt 130

Bad Debt Credit and Collections Accounts Receivable (AR) Days Sales Outstanding 130

Your Virtual Credit Manager

DECEMBER 6, 2022

Even worse, the company’s stock price was depressed because of the company’s high Days Sales Outstanding (DSO) , a common measure of AR management effectiveness.

DSO 130

DSO Credit and Collections Bad Debt AR Aging 130

Gaviti

MARCH 3, 2024

This helps to speed up the entire invoice-to-cash cycle, reducing Days Sales Outstanding (DSO) and improving cash flow. For example, it can offer different payment options (ACH and options for receiving invoices (email, online portals, etc). It costs less.

DSO 52

DSO Credit and Collections Days Sales Outstanding Cash Applicator 52

Know-It Global

APRIL 13, 2023

This is why it’s crucial that businesses get a firm grip of their cashflow, and one of the most effective ways to maximise your cashflow is by reducing your debtor days. What are debtor days? Debtor days, or as some call days sales outstanding (DSO), is a measure of how long it takes for a company to collect payment from its customers.

Credit and Collections 97

Credit and Collections Days Sales Outstanding Credit Scoring DSO 97

Collenda

DECEMBER 7, 2021

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.

Days Sales Outstanding 52

Days Sales Outstanding DSO Credit and Collections Dashboards 52

Your Virtual Credit Manager

JULY 25, 2023

Here are the KPIs you will need at a minimum: Days Sales Outstanding (DSO) - This metric tells you how fast you are converting your sales into cash. That is why it is critical to identify some KPIs that will provide indications you are achieving your AR management goals.

Best Possible DSO (BPDSO) 130

Best Possible DSO (BPDSO) DSO Cash Forecasting Credit and Collections 130

Emagia

JULY 3, 2023

Download Ebook Now Reduce the number of days sales outstanding (DSO), which enhances cash flow and speeds up collections. By lowering Days Sales Outstanding (DSO) and increasing cash collections, it boosts cash flow. Cash Application Automation for Europe.

Automated Cash Application 52

Automated Cash Application Cash Applicator Days Sales Outstanding AR Automation 52

billtrust

NOVEMBER 1, 2022

However, there are a couple of meaningful key metrics when it comes to accounts receivable: Days sales outstanding. One common metric is days sales outstanding (DSO) , which measures the average number of days customers pay their invoices.

Accounts Receivable (AR) 52

Accounts Receivable (AR) Bad Debt Days Sales Outstanding DSO 52

Onguard

OCTOBER 31, 2023

This open communication between departments can not only increase customer satisfaction, but also reduces Days Sales Outstanding (DSO) , meaning outstanding invoices are paid faster. It provides insight into their needs and risks, and what is expected of each team.

Credit Management 52

Credit Management Days Sales Outstanding Credit and Collections DSO 52