Percentage of customer accounts set up for automatic cash application
This measure helps companies calculate the percentage of customer accounts that are set up for automatic cash application, a process in which cash receipts from customers are coded so that the receivable amount from the customer is automatically decreased by the amount of the payment. It is part of a set of Process Efficiency measures that help companies optimize the performance of the process "collect and maintain customer account information" process by minimizing waste and refining resource consumption.
Benchmark Data
25th | Median | 75th |
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Compute this Measure
Units for this measure are percent.
Percentage of customer accounts set up for automatic cash application
Key Terms
Process efficiency represents how well a process converts its inputs into outputs. A process that converts 100% of the inputs into outputs without waste is more efficient than one that converts a similar amount of inputs into fewer outputs.