Remove Benchmarks Remove Payment Features Remove Stax Remove Trends
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Days Sales Outstanding Formula: What is DSO and How Do You Calculate It?

Stax

In an ideal world, all customers would pay an invoice the moment they receive it. 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.

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What is the SaaS Magic Number and How Do You Calculate It?

Stax

And because of the digital nature of SaaS businesses and their subscription-based business models, the ability to collect data on how the company is performing is easier and faster than ever. Enter the SaaS Magic Number, which measures the return on sales and marketing spend in generating new subscription revenue.

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

Stax

Implement a system for regular surcharge monitoring, and be open to tweaking your pricing strategy based on customer feedback and market trends. Benchmark against industry peers. On invoices, present it as a separate line item to provide a clear breakdown. Pro-Tip: Offer incentives for choosing off-peak times (i.e.,