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7 Strategies to Reduce DSO and Enhance Cash Flow

Gaviti

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.

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8 Proven Email Marketing Tips and Techniques for Boosting A/R Collections

Gaviti

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
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Accounts Receivable Analysis: Meaning, Objectives, Importance

Gaviti

What are the average days sales outstanding? Are you offering discounts for early payment? Consider the following examples: How much revenue does your business generate? Are you able to collect invoices on all of the revenue your business generates? How quickly are customers paying their invoices?

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How to Collect Outstanding Invoices Faster With Better Dunning A/R Collections Templates

Gaviti

For example, you might need templates to improve your days sales outstanding by 30%. You can hyperlink additional information in electronic communication, such as an email address, a phone number, or a link to an online payment portal. How Can You Use Templates To Collect Invoices Outstanding for Payment?

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7 Strategies to Reduce DSO and Improve Cash Flow

The Esker Blog

Days Sales Outstanding (DSO) is a common measure for how long it takes a company to collect on an invoice. Check out Esker’s payment portal. Are your credit terms appropriate and followed by your sales department? Are you making it easy for your customers to pay and communicate with you?

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