CFOs are seeking more precision and efficiency in cash forecasting, this has put pressure on AR departments.
During this webinar, we will demonstrate how automating your process can help you accurately report on the metrics your CFO needs.
The accounts receivable function is facing pressure to be the data center of the organization. Unfortunately these “data centers” are not set up for success. Trapped in the manual process of managing multiple spreadsheets and data sources, reporting inaccuracies arise and valuable time is wasted. Without the right metrics to track, tools in place to gather this data, and accurate reporting, AR departments are left with a clouded picture of where their cash flow stands. It’s evident that tracking key metrics is easier said than done.
View this webinar to see how VersaPay ARC™, an accounts receivable platform, can provide advanced analytics to accurately report on 4 key AR metrics.
During this webinar, you will learn:
- 4 key performance metrics you need to track and their industry benchmarks: Days Sales Outstanding (DSO), Cash Application, Collection Effectiveness Indicator (CEI), and Bad Debt
- Flexible reporting with the VersaPay ARC platform to measure these 4 key performance metrics quickly and easily
- Key considerations to check the health of your AR and improve your metric tracking
- How to leverage automation to improve the efficiency and precision of your cash forecasting and equip your AR “data center” with the right reporting to turn data insight into action