Receivables are usually the largest current asset that is not cash, so slow collections tie up working capital directly. Every day of DSO is roughly one day of revenue sitting in receivables instead of the bank.
Glossary
Working capital
Working capital is current assets minus current liabilities: the cash and near-cash a business has to run day to day.
Your whole AR, on autopilot.
Reeve collects every overdue invoice in your name and shows you exactly where you stand.
Ten minutes to set up. 7-day free trial. Stops the moment they pay.