Transform Your Accounts
Discover how accounts receivable can be transformed by Automation, Artificial Intelligence, and
Analytics to enhance cash flow and reduce days sales outstanding for fast-growing companies.
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In today’s competitive and dynamic business environment, working capital management is a critical challenge for many companies. Two key indicators of working capital efficiency are Day Sales Outstanding (DSO) and Days Inventories Outstanding (DIO), which measure how long it takes a company to collect payments from customers and to sell its inventory, respectively. A high DSO or DIO implies that a company is facing cash-flow problems and may need to borrow more money to fund its operations. Therefore, reducing DSO and DIO can improve a company’s liquidity and profitability.
One of the most effective ways to reduce DSO is to optimize the accounts receivable (AR) process, which involves issuing invoices, collecting payments, and managing credit risk. The
depends on several factors, such as the quality of billing, the skills and motivation of the AR staff, the support of senior management, the supervision and monitoring of the process, and the metrics and incentives used to evaluate performance. However, one of the most crucial factors is the technology that supports the AR process.
At Kapittx, we offer a cutting-edge solution for AR transformation: a credit and collection software that leverages the power of Artificial Intelligence, Analytics, and Automation. Our software provides a comprehensive and user-friendly platform that covers the entire AR cycle, from tracking unbilled transactions to managing invoice-to-cash process. Our software also enables workflow automation, data integration, and advanced analytics that can enhance the efficiency and effectiveness of the AR process.
By using Kapittx Accounts Receivable software, fast growing companies achieved the following outcomes:
Reduced DSO and delinquencies: Companies could accelerate the payment collection process by automating reminders, prioritizing actions, and providing insights into customer behavior and preferences. You will be able to reduce credit risk by assessing customers creditworthiness and setting appropriate credit limits and terms. As a result, companies can reduce the number of overdue invoices and improve their cash flow.
Increased customer satisfaction: Companies are able to improve the accuracy and quality of their invoices, which can reduce disputes and errors and increase customer satisfaction. Moreover, Kapittx helps companies to build long-term relationships with their customers by providing personalized and proactive communication and service.
Enhanced process intelligence and performance: Companies can gain valuable insights into their AR process by collecting and analyzing data from various sources and activities. Kapittx helps companies measure and improve their AR performance by providing dashboards, reports, and benchmarks that can track and compare key performance indicators (KPIs) such as DSO and collection efficiency.
If you are looking for a solution to improve your AR productivity and performance, look no further than Kapittx. Kapittx is designed to help you transform your AR process and achieve your business goals. Contact us today to schedule a demo and see how our software can make a difference for your company.