Collections are Key to Low Days Sales Outstanding

 

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Days sales outstanding is a key measure of a finance team’s efficiency and is closely linked to days cash on hand and liquidity. Every organization is happy to have sales, but closing sales isn’t enough to keep a business afloat. Collections are key — and the faster the money comes in, the more breathing room an organization has. For this article, we look at days sales outstanding as reported to APQC’s Accounts Receivable Open Standards Benchmarking survey by 5,204 survey participants in various industries.

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