AR INSIGHTS FOR BUSINESS OWNERS & ACCOUNTING PROFESSIONALS
3 Ways AR Automation Reduces DSO
eGuide Overview
A high Days Sales Outstanding (DSO) has a negative effect on cash flow and suppresses a B2B company’s ability to grow. An effective way to lower DSO is by automating your accounts receivable process. Doing so makes your business run more efficiently while ensuring you get paid faster, leading to an increase in cash flow and the capital you need to reinvest in your business. Our eGuide gives three reasons why accounts receivable (AR) automation is your ticket to a lower DSO and a more successful business.
Did You Know?
"Companies automating their accounts receivable experience positive results, with PYMNTS reporting those with high levels of AR automation and delivering 500 – 1,000 invoices per month have a DSO of 29 days. Meanwhile, firms with little to no automation and delivering the same number of invoices have a DSO of 44 days."
15
days
reduced DSO when using AR automation
30
%
reduced DSO when accepting electronic payments
70
%
cost savings when automating e-invoices