Trying to determine the true cost of customer invoice processing is actually much more difficult than you might think. This is due to the fact that most of us don’t consider all of the related costs. The majority of estimates simply add some basic indirect costs onto the obvious direct costs. However, there are many more factors at play when calculating the true cost of the customer invoicing process.
Continue reading The True Cost of Customer Invoice Processing
DSO or Days Sales Outstanding, is the length of time it takes customers to pay their invoices. Most organisations that extend credit to their customers strive to keep their DSO as low as possible.
Here are 8 steps to help reduce DSO based on experience across multiple countries and based on discussions with other experts in the field.
The efficiency of processes can be improved through the use of accounts payable automation software. Here are 7 areas where significant improvements can be made with an accounts payable automation software:
Continue reading 7 Steps to Improve your Accounts Payable Process with AP Software
