To monitor your Average Collection Period, regularly track accounts receivable balances and credit sales data, comparing them over time to identify trends and deviations. Implementing proactive measures such as offering incentives for early payments and enhancing collection processes can help shorten the collection period and improve overall performance.
Reimagine Your Order-To-Cash with AI
Touchless Receivables. Frictionless Payments.
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Suggested Resources
Digital Order-to-Cash: A Roadmap to Cash Application Automation (Part 3 – Happy Customers, Happy Shareholders)
Emagia Customer Services: Transform Your Customer Financial Services to the Digital Age
Digital Order-to-Cash: Maximizing the Cash Flow
Data-driven Finance – The Order-to-Cash Case Study
Add AI to Your Order-to-Cash Process
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