Bring Down Your DSO (Days Sales Outstanding)
In a changing economy and with increased competition, turning receivables into available funds (known as DSO
or Days Sales Outstanding) has become one of the most important factors for business growth. At AR Gateway
Solutions we offer two key services to help you achieve a more optimal DSO.
Image-based Lockbox
AR Gateways Lockbox service will help you receive checks into your account faster and provides information
(images of the checks and all correspondent documentation) the day checks are received. Data can be keyed in
for secure internet-based access and data files can be created allowing you to download receivables information
right into your A/R or General Ledger system.
Internet-based Electronic Payments
AR Gateways Payments On-Demand provides a convenient, secure way of receiving payments via the Internet. By
providing access rights from your website, or by utilizing our customized web-portal, your clients log on and
make their payments either via credit card or ACH (Automated Clearing House) transactions. Payments may be
made on a one-time, or recurring basis. Electronic receipts are provided, and e-mail reminders are
available. Migrating your client base from checks to electronic payments will reduce your internal processing
costs and provide a more efficient DSO. As checks continue to give way to electronic payments, web-based
applications such as our Payments On-Demand have become an essential tool.
Call
us today for more information on how to begin using these exciting services!
In the business world, the rearview mirror is always clearer than the windshield.
Warren Buffett |
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