AR Metrics
How Effective is Your AR Team?
Sure, some customers will pay you on time. But most of them will need some reminding, either with a follow up email or call. It takes two to get paid; your customers to pay the invoices, and you to hold…
AR Metrics
Getting to the Bottom of Delinquent AR Metrics – ADD
Do you want to know the difference between Average Days Delinquent (ADD) and Days Beyond Terms (DBT)? Are you wondering if you need to measure both? Funding Gates has the answers! Here’s how to provide valuable insight on past due…
AR Metrics
Best Days Sales Outstanding, The Optimal AR Target
Are you feeling blue because you’re always looking at your past due AR? Look on the bright side! Best Days Sales Outstanding will tell you about payment habits of your best customers. You’re already tracking DBT to measure delinquent AR and…
AR Metrics
Use DBT to Understand Your Delinquent Customers
You know that every company has some delinquent customers. But do you ever wonder just how bad your past due AR is? This is where Days Beyond Terms (DBT) can help. DBT gives you a snapshot of how delinquent your past…
AR Metrics
Get to know your Days Sales Outstanding (DSO)
How well do you know customers’ payment habits? Are you waiting longer than you should for payments to come through? Your Days Sales Outstanding (DSO) can help provide answers. DSO is a key indicator of your AR health. It measures the average number…
Accountants, Management
Optimizing Your Accounts Receivable Strategy Using Customer Profiles
While it’s well understood that a healthy cash flow is the lifeblood of every business, a surprising percentage of CFO’s across all industries don’t implement an accounts receivable strategy. This is a flagrant missed opportunity. By adopting a strategy based on…
Accountants
“Irreconcilable Differences” Do Not Apply to Cash Flow Management
Most accountants are all too familiar with the “end of month crunch”: those dreaded few days when time has a disobliging habit of speeding up as the to-do list grows exponentially. Even the most seasoned of CPAs have a tendency…
Uncategorized
A Streamlined AR Management Process for 3BG Supply
From transmission belts to electric motors, 3BG Supply Co. (an acronym referring to its founders, the “three bald guys”) helps customers purchase industrial MRO products without the hassle. By developing technology to improve an industry rife with inefficiencies and decades-old…
Management
Paralysis by Analysis: The CFO and AR Management
The so-called “centipede effect” happens when a normally unconscious activity is disrupted by consciousness of it or reflection on it—a golfer thinking too closely about her swing, or a businessman devoting too much thought to how to tie a tie.…
Accountants
When The Accounts Receivables Manager Lacks the Right Tools: Five Challenges
“It’s a poor craftsman that blames his tools,” is a threadbare yet misunderstood expression. The adage is often interpreted to mean, “tools don’t matter, skills do.” But any accomplished creator will vouch that part of being an expert craftsman is…