A/R Optimizer » Conclusion

In conclusion, there are several ways you can optimize your Accounts Receivable:

1. Working with your customers and staying in front of old receivables
2. Invoicing quickly so that you can solve any issues pertaining to the payment and get your cash
3. Establishing sound credit underwriting principles to ensure that you don’t do business with slow paying customers that tie up your resources

With the tool, you saw how reducing the amount of time that accounts receivable took to be collected had the potential to increase profits and cash flow substantially. It doesn’t take a huge improvement in DSO to yield big results!

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