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.

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DSO Days Sales Outstanding Credit and Collections Total Receivables 52

GoCardless

JULY 27, 2020

The days sales outstanding formula can help improve payment collection times.

Days Sales Outstanding 40

Days Sales Outstanding DSO 40

Chaser

MAY 2, 2024

Metrics such as days sales outstanding (DSO) , and average days delinquent (ADD) can help them know their current position and areas they need to improve on. Assessing how credit departments receive late payments can help them determine the efficiency of their collection methods.

Average Days Delinquent 52

Average Days Delinquent Days Sales Outstanding DSO Credit and Collections 52

Your Virtual Credit Manager

FEBRUARY 27, 2024

Inefficient Cash Flow Management : Delays in credit approvals or ineffective collection efforts can lead to an increase in DSO (Days Sales Outstanding), impacting working capital and liquidity. Leverage Technology: Utilize technology to track progress, enhance transparency, and streamline O2C processes.

Accounts Receivable (AR) 130

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

TreviPay

JANUARY 7, 2023

Working capital management aims to decrease the amount of time it takes to receive cash after a sale, or days sales outstanding (DSO). One of the most common causes of extended DSO is uncollected sales. In fact, according to a study of 27,000 companies around the world, DSO averages 64 days.

DSO 59

DSO Days Sales Outstanding Alternative Payment Methods Credit and Collections 59

Gaviti

JANUARY 24, 2023

Get valuable DSO comparison data with – Insights. The Insights section provides valuable information on DSO (days sales outstanding) and allows users to compare their collections team’s performance to similar companies. Next, we’ve added the ADD (Average Days Delinquent) metric to the dashboard.

DSO 52

DSO Days Sales Outstanding Average Days Delinquent Dashboards 52

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. Also, are you leaving money on the table by not being aggressive enough with your goal? That’s a pretty good trifecta.

DSO 130

DSO Third Party Collections Credit and Collections Deductions 130

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. Subscribe now Understanding DSO DSO, (along with an Aging Analysis of the unpaid AR), is the most popular metric used to gauge AR management performance. quarter, year-to-date, 12 months, etc.)

Best Possible DSO (BPDSO) 100

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

Gaviti

NOVEMBER 20, 2023

Most Accounts Receivable teams use DSO as the main KPI to measure their performance. 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.

Collection Effectiveness Index 52

Collection Effectiveness Index Days Sales Outstanding DSO Credit and Collections 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. It is best understood in relation to Best Possible DSO (BPDSO) which is essentially what your DSO would be if every customer paid on time.

Best Possible DSO (BPDSO) 130

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

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

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. AI can help decrease DSO by improving collections and credit management processes. The short version is: yes.

Days Sales Outstanding 52

Days Sales Outstanding DSO Credit and Collections B2B Credit 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. If you need help with this, check out how to calculate DSO.

Collection Effectiveness Index 52

Collection Effectiveness Index Average Days Delinquent DSO Days Sales Outstanding 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.

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Days Sales Outstanding DSO Credit Management Small Businesses 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. As you can see, there was a huge increase in the stock price commensurate with the reduction in DSO.

DSO 130

DSO Credit and Collections Bad Debt AR Aging 130

Gaviti

APRIL 24, 2024

Regardless of the details of how you set up your dunning workflow, however, you’ll know it’s successful when DSO improves. Automated dunning solutions make this process easier by tracking metrics such as DSO, receivables-at-risk, average time to collect. Other quantitative measures of success are improved customer relationships.

DSO 52

DSO Credit and Collections Bad Debt Days Sales Outstanding 52

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

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.

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Days Sales Outstanding DSO 52

Gaviti

MARCH 4, 2024

Other common names include “days sales in accounts receivable,” “average receivables collection period,” or “ days sales outstanding (DSO).” A/R balance ÷ total net sales) x 365 = average collection period Example: ($50,000 ÷ $800,000) x 365 = 22.8 What is an Optimal Average Collection Period?

DSO 52

DSO Credit and Collections Days Sales Outstanding Credit Sales 52

Lockstep

JUNE 15, 2022

Proper, healthy credit management allows for steady cash flow, better collections management and a manageable days sales outstanding (DSO). . You may want to reduce average outstanding receivables by 5% or decrease bad debt by 10% year-over-year. Get Started with Lockstep Today! Learn More.

AR Automation 89

AR Automation Bad Debt DSO Accounts Receivable (AR) 89

Onguard

MAY 9, 2023

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. In fact, 21% think their DSO will only increase this year. Finance professionals do not believe this time frame will improve much next year.

DSO 52

DSO Days Sales Outstanding 52

Gaviti

MARCH 3, 2024

This helps to speed up the entire invoice-to-cash cycle, reducing Days Sales Outstanding (DSO) and improving cash flow. Download the Ebook How Gaviti Automates the Account Receivables Process By automating the A/R process with Gaviti, businesses have been able to reduce their DSO by 30% – 50% in less than 6 months.

DSO 52

DSO Credit and Collections Days Sales Outstanding Cash Applicator 52

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

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. . Simple and friction-free B2B payments. “We

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Days Sales Outstanding DSO Default Credit Risk 59

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

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

Collenda

MARCH 25, 2022

A large number of adjusting screws in receivables management have an influence on working capital and DSO. Geert Corbeel , Collenda’s Senior Sales Executive in Belgium, has many years of experience in this terrain. The quality of those decisions is ultimately reflected in the Days Sales Outstanding ( DSO ).

DSO 52

DSO Days Sales Outstanding Credit and Collections Default 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

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. Allowing us to indirectly improve our DSO by having time to focus on those issues.” .

Accounts Receivable (AR) 52

Accounts Receivable (AR) Days Sales Outstanding DSO 52

TreviPay

JANUARY 31, 2023

When A/R teams aren’t equipped to meet buyer demands, they risk frustrated customers, cart abandonment, and increased days sales outstanding (DSO) — all of which can lead to diminished customer loyalty. Outsourcing your in-house trade credit program with TreviPay can significantly benefit your business.

DSO 52

DSO Days Sales Outstanding Credit Scoring Credit and Collections 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. There are case studies that have founds that AI-powered AR automation software helps shorten your DSO up to 25 percent.

AR Automation 52

AR Automation Days Sales Outstanding DSO Credit and Collections 52

Collenda

DECEMBER 7, 2021

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).

Days Sales Outstanding 52

Days Sales Outstanding DSO Credit and Collections Dashboards 52

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

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