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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.

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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.

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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.

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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

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