This White Paper will review the challenges of processing Proof of Delivery receipts (POD’s) and the effect on cash flow by shortening the Days Sales Outstanding (DSO).
POD Transaction Processing: An Overview
Transaction processing is a critical operation for any transportation or logistics company. Unfortunately, the value and function of the Accounts Receivable (AR) department is often overlooked.
Many companies have a significant investment in AR, which restricts their cash flow resulting in reduced working capital. One of the most common cash traps for AR is uncollected and late days sales outstanding.
No matter the size of an entity or the nature of its business, there are logical and proven practices for cash receipts. Expediting receipts processing is a way of reducing and containing operating costs.
Read the whole White Paper here