Reducing DSO: Data-Driven Finance Tactics

Whitepaper summaryReducing Days Sales Outstanding (DSO) is key to improving cash flow and overall financial health. By implementing data-driven strategies such as AR automation, businesses can accelerate collections, minimize errors, and allow finance teams to focus on strategic decision-making. Leveraging predictive analytics helps identify high-risk accounts early and optimize collection efforts, leading to significant savings. Clear credit policies, proactive invoicing, and offering electronic payment options further reduce delays and streamline the process. Training your AR team ensures they’re equipped to handle challenges efficiently while staying compliant. With these strategies, reducing DSO by 40% is not only possible but can lead to improved cash flow, reduced operational costs, and stronger financial stability.