![]() ![]() For CEI measures for instance, you’ll need your: To calculate your metrics, you need relevant data. Sometimes it’s not, and you’re just basing your decisions on false information. Sometimes it’s obvious and you have to spend time looking for the mistake. There is always the risk of a typo finding its way into a table or a formula. In fact, when it comes to tracking KPIs, using Excel can lead to inaccurate results.įor one, there is the human factor. But while they are definitely valuable, they’re not always the best option. The Problem with Tracking your Accounts Receivable KPIs Manually (Or Why Spreadsheets Aren’t Enough).īefore we jump into the best way to track your accounts receivable metrics, let’s have a look at the other options, starting with using spreadsheets.Īll Cfos and finance teams use a form of spreadsheets in their job - that’s a given. Spoiler alert: the best way involves using an automated solution like Upflow, our in-house software. Keep reading to find the best way to track your KPIs for accounts receivable! With many key metrics to track and various methods to calculate each of them - it can get overwhelming. Today, let’s focus on how best to track these key performance indicators. ![]() Learn more about the 5 Key Accounts Receivable Metrics to Assess Your AR Performance Here are the essential KPIs you should be tracking:ĭays Sales Outstanding (Having trouble calculating it? Check out our free spreadsheet!) Overall, it ensures your cash flow management is optimal. In the long run, tracking your AR metrics will help optimize your collections process (and have tangible proof of it). Knowing where you stand will help you know where to focus your team’s efforts. The same goes for your accounts receivable collection: if you want to know how well you perform, you have to look at specific metrics. If you want to know what’s really going on in your business, you have to look at your data. ![]()
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