article thumbnail

Days Sales Outstanding Formula: What is DSO and How Do You Calculate It?

Stax

But in reality, companies often have to spend considerable time and resources chasing down late payments that are stuck in Accounts Receivable. Promptly collecting payments from your customers is essential to run a sustainable business. In fact, 81% of large retailers say that real-time payments are critical to their operations.

article thumbnail

Ultimate Guide to Surcharges: What is a Surcharge and How Does It Work

Stax

Surcharges are diverse in form and purpose to serve businesses across sectors. Several types include credit card, fuel, service, payment processing, peak-time, environmental, regulatory, and minimum usage surcharges. Payment processing surcharge. Benchmark against industry peers. Fuel surcharge.

article thumbnail

Ferreting out Suppliers’ “Dirty Little Secrets”

Software Platform Consulting

And don’t get me started on the airlines–which may be colluding ! In categories with huge catalogs, it has been best practice for a buyer and supplier to benchmark a market basket on the top items and wave hands a bit on everything else (where the supplier gets back some margin). honey adulterated with corn syrup.