The Industry View

How Nudges can optimise Accounts Receivable Messaging

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Debt collection is an ever growing issue nowadays. Lending responsibly is one thing, but trying to minimise accounts receivable (AR) is a completely different kettle of fish altogether. In fact, a study conducted by Euler Hermes revealed that one out of every four companies take 88 days or longer to settle outstanding balances, while 9% take over 120 days. One of the key methods of effectively driving the average days sales outstanding (DSO) down starts… Read more