Mastering your Days Sales Outstanding (DSO) is key to maintaining healthy cash flow — learn how to evaluate your DSO, discover industry benchmarks, and unlock insights to keep your business thriving.
The Cash Conversion Cycle (CCC) is an essential metric for businesses looking to optimize their cash flow, especially within the cash application process. It measures the time it takes for a company to convert its investments into cash, highlighting operational efficiency. A shorter CCC means faster cash generation, which is key for maintaining liquidity and meeting financial obligations.
Effectively managing maintenance work orders through strategic planning, technology, collaboration, and continuous improvement is essential for reducing costs, enhancing safety, boosting operational efficiency, and increasing customer satisfaction.
Explore the importance, key elements, implementation strategies, and technological innovations in work order management.
Data analytics, AI and ML (machine learning), and other techniques are proving to better predict vendor behavior and assist with management processes.
Optical Character Recognition technology is paramount for document digitization and management. Learn more about its limitations and capabilities.