Late business-to-business (B2B) payments aren’t just a headache for the people in the accounts receivable (AR) department; for some businesses, past due payments can mean the difference between success and insolvency.
AR professionals gauge the severity of late payments by measuring days sales outstanding (DSO), a metric that tracks the average number of days it takes for a business to get paid for the products and services it delivers. DSOs are different for every industry; for instance...