Days Sales Outstanding (DSO) is an important metric to monitor in companies of all sizes throughout every industry. DSO measures the average age of accounts receivable for your organization. If your average is trending higher, then your business is more likely to struggle with cash flow. As we know, cash is always considered to be “king” and is critical to an organization’s survival. In many cases, improving cash flow is as simple as making small changes to the collections process, but the Accounts Receivable Professional should be aware of strategies for reducing the Days Sales Outstanding (DSO) average as an important method for improving cash flow.
This workshop will provide a “blueprint” to enable you to “ramp up” your collection cycle and have an immediate positive impact on your DSO. The instructor will discuss three critical tools - “Six Strategies to Reduce Your DSO,” “15 Reasons to Turn Your Account Over to a Collections Agency,” and “17 Steps to Reduce Outstanding Accounts Receivables.”
Chris held senior finance and controller positions at Digital Equipment Corporation, Compaq, and Hewlett Packard which allowed her to develop and implement standards of internal control and leading practices for all aspects of financial operations. She was recruited to lead WorldCom (MCI) in the implementation of internal controls, policies, and corporate governance processes. She fine tuned her consulting experience in the Procure to Pay (P2P) area at APEX Analytix and BSI Healthcare.
As President of Doxey Inc., Chris uses her experience to provide best practice solutions to her clients for the P2P process and financial operations.
She holds a bachelor's degree in English, a bachelor's in accounting, a master's in business administration, and has a graduate certificate in project management. She is a Certified Accounts Payable Professional (CAPP) and holds a Certification in Controls Self-Assessment (CCSA). Chis is also a Certified Internal Controls Auditor (CICA), and a Certified Professional Controller (CPC).