Month: September 2020

Over time, this could potentially lead to loss of business, negatively impacting the company’s sales and profits. Implementing stricter credit policies is one way you might optimize your average collection period. This could involve setting more stringent requirements...

This is one of many accounts receivable KPIs we recommend tracking to better understand your AR performance. And while no single metric will give you full insight into the success—or lack of success—of your collections effort, average collection period is critical to...