The Accounts Receivable Performance Toolkit
Learn how to take raw data, interpret it, and effectively communicate what it means for your business.
The Accounts Receivable Performance Toolkit
Improve your collections
April 18th, 2023
When it comes to improving your performance, you can't fix what you can't measure. With this toolkit, you'll learn how to take raw data, interpret it, and effectively communicate what it means for your business.
Here's what you can expect:
The accounts receivable performance toolkit contains everything you need to measure and improve your AR performance. It'll help your team (and your business) operate with more agility and make smarter decisions.
This toolkit includes the following:
An executive insight
A perspective on the power of reporting in accounts receivable from Versapay’s CFO, Russell Lester
A case study
An exploration of how The Research and Productivity Council (RPC) reduced their outstanding receivables by 70% and discovered a major source of lost revenue thanks to timely reporting
A KPI cheat sheet
The top 11 KPIs for measuring AR performance, always at your fingertips
The Accounts Receivable Performance Toolkit is just a few clicks away!
Abstract
It's important for AR teams to actively track a clear set of key performance indicators (KPIs)—which can include a mix of quantitative and qualitative data. Giving your team easy access to these insights allows them—and the business—to operate with more agility.
A data-minded AR team is better equipped to answer key questions, such as:
- Is your team working as optimally as possible?
- Should you grow your AR team (or reorganize to better align with priorities)?
- Is it time to introduce automation into your invoice-to-cash processes?
But first, you must know what to measure and why you’re doing it. After all, data is only as good as the story you tell around it.