The Free Best Practice guide was created to help organizations understand the habits and practices of top-performing companies, how they approach DSO reduction and how they go about getting paid faster.
Atlanta, GA, February 4, 2016 (Newswire.com) – Receivable Savvy today published its free Best Practice Insight: How to Reduce DSO for Your Organization, a comprehensive, 21-page eBook designed to help organizations understand and implement DSO-reduction practices to ensure they get paid faster.
DSO, or Days Sales Outstanding, is a common metric used among Finance and Accounting professionals to determine how long it takes an organization to collect a payment after a sale has been made. By incorporating the practices outlined in this 10-point document, any supplier organization can begin to consistently get paid on time and minimize – or eliminate – instances of late customer payment.
This eBook will help organizations:
- Calculate DSO for their organization as well as determine the daily cost of carrying those receivables
- Effectively deal with late-paying customers
- Determine customer credit worthiness
- Understand which technologies can help their company get paid faster.
“Finance and Accounting professionals in the areas of Accounts Receivable and Credit Management will find this document to be much more comprehensive than the occasional article on the topic,” said Ernie Martin, Founder and Managing Director of Receivable Savvy. “We wanted to provide a tool that went beyond the usual calculations, incorporated links to helpful resources and identified activities professionals could begin to incorporate immediately.”
How to Reduce DSO for Your Organization is the first in a series of Order-to-Cash Best PracticeeBooks Receivable Savvy will publish throughout the year.
The Free eBook can be downloaded by going here: DSO Reduction eBook
About Receivable Savvy
Receivable Savvy helps supplier organizations master the complex Order-to-Cash process and maximize revenue through proprietary research, best practice content and insight from subject matter experts.
Founded in 2015, Receivable Savvy desires to cultivate knowledge and understanding among suppliers while also delving into their habits and practices. Comprised of industry veterans, Receivable Savvy strives to be the primary source of financial supply chain information for Accounts Receivable professionals focused on key elements of the Order-to-Cash process.
We help our members understand issues around customer master data, order management, credit management, invoicing, accounts receivable, payment, collections management, cash application, compliance and internal controls.
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