This dashboard provides real-time data on a company’s accounts receivable, which includes all outstanding invoices that are owed to the company by its customers. By monitoring key metrics such as the average time to collect payments, the percentage of overdue invoices, and the average days sales outstanding, businesses can identify areas of improvement in their invoicing and collection processes.
With this information, businesses can take steps to improve their cash flow and reduce the risk of late or unpaid invoices. For example, they may adjust their payment terms, implement more efficient invoicing processes, or work with customers to resolve outstanding issues. By regularly reviewing the accounts receivable KPI dashboard, businesses can make informed decisions about their cash flow and overall financial health, which can ultimately help them to maintain profitability and grow their business.