15/10/2009, LOXAM reduces its DSO by 15 days Today, LOXAM has access to many financial indicators updated every day, and which are relevant for its cash management. “Since the beginning of the year, we gained 15 days in our DSO, representing more than €20 million generated in additional cash flow. As we achieved a positive Return On Investment, we seriously consider deploying Sidetrade Network across other European countries”,LOXAM read>
- In 2008, for the Top 20 customers:
- 214 million € generated in cash
- 12 days reduction in DSO
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Credit control tool late payments customers'risk Saas account receivables debt Management collection tool Sidetrade Credit Management DSO Working Capital cash collection debt management cash flow Treasury Order to Cash cycle debt collection DSO overdues cash invoices
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