openPR Logo
Press release

Data analytics and business intelligence in receivable management ?

12-14-2020 10:42 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: NSKT Global

Data analytics and business intelligence in receivable management ?

Data analytics and business intelligence in receivable management ?

Leveraging Analytics for AR

An effective AR management strategy allows the firm to take the most feasible aggressive position for credit allocation, with non-payment risk constraints in check. This helps firms in growing rapidly with low risk and provides them with a technical advantage in a similar product and services market. A good strategy emphasizes on post billing factors with lesser pre-billing factors, as they can be controlled by the AR department. It also helps in providing solutions to questions like whom to follow up with at what time, mode of follow-up, and escalation know-how.

Want to know more what Employee embezzlement is read the blog here:-
https://nsktglobal.com/how-data-analytics-and-business-intelligence-helps-in-receivable-management-

Benefits of DA and BI integrated AR strategy:

In-depth analysis
Cash Flow
DSO Prediction and minimization
Credit risk Mitigation
Predictive Analysis
Bucket Analysis: Through research carried by DA and BI tools positions of receivables along with their composition can be identified, along with crucial parametric information such as risk exposure, particularly in events when receivables will be attained beyond a threshold. Prediction on the requirement of writing-off or transact to the collection in the future can be made through bucket analysis, along with the list of top clients based on outstanding receivables.

Want to know what fraud Data analytics for a company is? Read complete guide here
https://nsktglobal.com/Data-analytics-business-intelligence-services.php

All this assists firms in getting customers to pay on time, and not defaulting. With the added advantage of integrated BI, being cloud-based, firms can easily access the dashboard and information from remote locations, empowering to use remote workers and making service reliable and robust. One of the biggest advantages is the availability of subscription contracts to reduce front-up costs, thus reducing expenditure and increasing profits. Through DA and BI integrated receivable management firms can get the optimum return on investment upon their capital, with slight investment.

Want to get Notified every Time We publish an article like this, be a part of our subscribers List by filling this form
https://nsktglobal.com/subscriber_form.php

NSKT Global (USA Office)
1564 Market Place Blvd Suite 400 PMB 328
Ocean Isle Beach, NC 28469
Email:- usoffice@nsktglobal.com
Phn:- 888 701 675
888 701 NSKT
https://nsktglobal.com/index.php?CN=USA

NSKT Global (UAE Office)
Level 14, Boulevard Plaza Tower 1,
Downtown, Dubai, UAE PO 334155
Phn +971 44 394 263
Whatsapp +971 55 171 2487
Email:- uae@nsktglobal.com
https://nsktglobal.com/index.php?CN=UAE

At NSKT Global we provides the complete range of advisory services to the SMEs as well as to the established businesses. Dealing in the industry for over 10 years. In countries across globe Namely UAE, USA and India.
contact us
https://www.nsktglobal.com/contact-us.php

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Data analytics and business intelligence in receivable management ? here

News-ID: 2208914 • Views:

More Releases from NSKT Global

Top Business Tax Deductions in 2022
Top Business Tax Deductions in 2022
Small businesses usually function on a very tight budget, and saving on business tax services is one of the topmost priorities of small businesses worldwide, irrespective of their industry. Learning about all the possible deductions and income tax savings made available by the IRS to support the growth of small businesses is crucial. The eligibility criteria for these deductions depend on the business category. The business can fall into categories
Is there a first-time homebuyer tax credit available for 2022?
Is there a first-time homebuyer tax credit available for 2022?
The Internal Revenue System has made several attempts to help taxpayers enhance their spending capacity by providing credits and deductions for specific transactions. The first-time homebuyer credit is one such bill, which was proposed in April 2018. This bill is yet to be passed. However, this bill changes the IRS's current tax code and entitles taxpayers about to buy a home for the first time with a $15,000 federal tax
A Guide on How Capital Gains are Taxed for 2022
A Guide on How Capital Gains are Taxed for 2022
What is capital gain tax? If you have sold a property that you were previously the owner of, or if you've cashed out on an investment made by you and have made a profit from the transfer of capital, you are required to pay capital gain tax. Capital gain tax refers to the levy on the profit made by an investor upon the sale of an asset, including shares, bonds, businesses,
Will I Get More Tax Refunds in 2023?
Will I Get More Tax Refunds in 2023?
Taxpayers are wondering if they are entitled to similar tax refunds as in previous years, as the tax refunds for 2021 and 2022 were considerably higher than usual. Steps were taken by the IRS and the government to help tax preparer near me deal with the economic impact of the Covid-19 outbreak. The total amount of tax return was increased substantially for the taxes of FY 2021, owing to factors

All 5 Releases


More Releases for Data

HOW TO TRANSFORM BIG DATA TO SMART DATA USING DATA ENGINEERING?
We are at the cross-roads of a universe that is composed of actors, entities and use-cases; along with the associated data relationships across zillions of business scenarios. Organizations must derive the most out of data, and modern AI platforms can help businesses in this direction. These help ideally turn Big Data into plug-and-play pieces of information that are being widely known as Smart Data. Specialized components backed up by AI and
Global Data Analytics Outsourcing Market |data analytics outsourcing, big data o …
Market Research Reports Search Engine (MRRSE) has been serving as an active source to cater intelligent research report to enlighten both readers and investors. This research study titled “Global Data Analytics Outsourcing Market “ The report on data analytics outsourcing market provides analysis for the period 2016 – 2026, wherein 2018 to 2026 is the forecast period and 2017 is the base year. The report covers major trends and technologies playing
Test Data Management (TDM) Market - test data profiling, test data planning, tes …
The report categorizes the global Test Data Management (TDM) market by top players/brands, region, type, end user, market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors. This report studies the global market size of Test Data Management (TDM) in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption
Data Prep Market Report 2018: Segmentation by Platform (Self-Service Data Prep, …
Global Data Prep market research report provides company profile for Alteryx, Inc. (U.S.), Informatica (U.S.), International Business Corporation (U.S.), TIBCO Software, Inc. (U.S.), Microsoft Corporation (U.S.), SAS Institute (U.S.), Datawatch Corporation (U.S.), Tableau Software, Inc. (U.S.) and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY
Long Term Data Retention Solutions Market - The Increasing Demand For Big Data W …
Data retention is a technique to store the database of the organization for the future. An organization may retain data for several different reasons. One of the reasons is to act in accordance with state and federal regulations, i.e. information that may be considered old or irrelevant for internal use may need to be retained to comply with the laws of a particular jurisdiction or industry. Another reason is to
Data Quality and Data Governance Solution Market - Demand For Cost-Effective Dat …
In the enterprise data management ecosystem, data quality is a broad term which refers to the quality, integrity, and consistency of data and/or process etc. Data quality also implies the degree of data accuracy and consistency. On the other hand, data governance focusses on the management of data assets by assigning authority, control, and responsibility of data and encompasses three key areas: people, process, and technology. Data quality and data governance