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Collections for CFOs

According to CFO Magazine, more than 60% of working capital for many companies is tied up in outstanding invoices.

Like many CFO’s, you may have been forced into survival mode — finding ways to decrease expenses and maximize revenues and profits. You also know that maximizing your working capital will allow you greater financial flexibility for growth and expansion. But, for many businesses, a large share of their working capital is tied up in accounts receivable, making survival the focus rather than growth.

Let’s face it — Cash is King. One way to improve cash flow is to decrease the amount of time it takes to collect cash and alleviate the uncollected sales/accounts receivable that present a potential cash flow traffic jam. 

There is a better way

With an automated collections management system like CashOnTime, a company can expect to

  • gain valuable insight into collection performance;
  • reduce DSO;
  • decrease past due accounts;
  • reduce bad debts;
  • resolve invoicing disputes faster;
  • improve productivity, planning and prioritization of collection activities;
  • reach clients faster.

CashOnTime automates your collections processes for improved productivity, account prioritization, collaborative dispute resolution and actionable reporting. 

Learn more about how CashOnTime can improve your DSO and free cash flow.