Debtor management is very important apart working capital management. To ensure better cashflow and low bad debt team and analyse the credit performance of the debtor’s using matrix like Average Receipt Days, Credit utilization etc.
Keep track on customer who are not paying on time to decide on future sale strategies.
Track the outstanding by age to ensure timely follow up for collection to help with better working capital management.
Track how efficient are the billing cycles using KPI like ticket size, basket size, active customer etc.
Ensure credit sales are under the defined limits to prevent risk of bad debts and better working capital management.
Get all details of all your transactions in foreign currency, forex exposure as on a particular date.