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Leveraging Technology to Improve DSO in Construction Firms
Days Sales Outstanding (DSO) Â is a critical financial metric that measures how long it takes a construction company to collect payment after completing a job. High DSOÂ means your money is stuck in receivables, which significantly impacts cash flow, a vital resource in the construction industry where every project needs consistent capital to stay on track. Reducing DSO is more than an accounting goal, it's essential for business success. By using specialized technology and ou
Oct 154 min read
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How Days Sales Outstanding (DSO) Drives Cash Flow in Construction Projects
Days Sales Outstanding (DSO) Â is a crucial financial metric measuring the average number of days it takes a construction company to...
Oct 74 min read
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Slash DSO: Pro Tactics to Speed Up Construction Payments
In the construction sector, maintaining a robust cash flow is crucial. However, contractors frequently encounter delays in payment...
Sep 195 min read
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High DSO or Low DSO? Discover Days Sales Outstanding for Construction
Cash flow management is crucial for any construction business. As the owner, you understand the importance of maintaining your finances....
May 24, 20234 min read
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A Simple Guide to Calculate DSO Days Sales Outstanding for Construction Business
In the construction industry, efficient cash flow management is crucial for success. One of the most powerful metrics to help you...
May 23, 20235 min read
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