The reduction of Days Sales Outstanding (DSO) stands as a vital target for businesses attempting to achieve sustainable growth and increased liquidity in the field of financial optimization. Industry data underlines the importance of this effort by showing that the average DSO across several sectors frequently exceeds 40 days and that accounts receivable hold onto 2.6% of an […]
Evaluating Contracts and Optimizing Payment Terms
Effective contract management, optimizing payment terms, and digital transformation are essential in today’s fast-paced business environment to maintain financial stability and profitability. Business interactions are based on contracts, which specify each party’s conditions, duties, and obligations. Using contract management, an organization can save up to 2% of its annual costs. Organizations can obtain simpler processes, increased cash […]
Five Proven Strategies to Strengthen Credit Evaluations
Prudent credit evaluations are crucial to reduce days sales outstanding. Discover five strategies that foster customer relationships and free cash flow.
Using Digital Transformation to Enhance Collections Practices
Electronic invoicing using AI and digital transformation improves cash flow and days sales outstanding. Learn about the benefits for your organization.
Achieve Digital Transformation with Electronic Invoicing Systems
Electronic invoicing using AI and digital transformation improves cash flow and days sales outstanding. Learn about the benefits for your organization.