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December 2016 | O2C Reporter
How Automation Can Help Reduce Days of Sales Outstanding
Days Sales Outstanding (DSO) is crucial to a company’s cash flow and overall viability. A lower DSO number usually means that the business is more efficient, agile and profitable. More opportunities are available with higher amounts of cash on hand, including the ability to reinvest these proceeds into the business and drive even more sales.
Reduced DSO ripples out to the rest of the business, making it stronger and healthier overall. One of the top ways to achieve this is through the automation of key business processes.