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As well as identifying inefficiencies in payment processing or customer communications, DSO is a key financial benchmark to assess liquidity and the state of accounts receivable. Case in point: Stax Bill , a recurring billing and subscription management platform that automates payments.
Companies, particularly those in the healthcare, transportation, and food industries, levy surcharges to meet these compliance standards. Benchmark against industry peers. If you find yourself short on either, consider tools like CardX by Stax, a platform that offers credit card surcharging solutions. Regulatory surcharge.
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