CFOs rightly refer to “cash” as the oxygen for business. However, an American Express report reveals that more than 46% businesses experienced a cash flow crunch in the last year. In an ideal world, A/R = cash, however, businesses routinely experience bad-debt write-offs and late Payments leading to high DSO.
Finance leaders worldwide have started with defining credit policies and driving teams towards adherence by incorporating Six-sigma process design and technology. In the process, finance leaders have also succeeded in shifting resources from tactical activities including cash application to strategic ones including credit and collections by embracing digitization of invoicing and remittance processes.
This ebook has distilled insights from our study of credit and A/R transformation projects at 300+ organizations on how Fortune 1000 companies and SMBs reduced DSO by 10%-20% through employing 9 strategies.
Request Your Free Resource Now
By submitting this content request, I have legitimate interest in the content and agree that specific Solution Provider and creator of the content I have selected may contact me regarding news, products, and services that may be of interest to me.
Become a member