Benchmarking: Cash Receipt Practices

Getting paid is the primary goal of any accounts receivable department, and cash deposited and applied represents the fruition of the order-to-cash process. A heavy focus in AR departments is placed on improving DSO by evaluating and refining credit and collections, but a significant portion of DSO is made up of the time it takes for a payment to reach its destination and be deposited into the bank, making cash receipt a critical process worth of examination. There are several tools and…