AR Benchmarks Unveiled: Where Do You Stand Compared to Your Peers?

This report helps you answer two key questions:

• Where can my AR team improve?
• How much improvement is realistic?

To answer those questions, you need to know your team’s current performance and how that performance compares to other organizations like yours. That’s precisely what this report is designed to help address. 

According to a recent IOFM survey of nearly 250 AR professionals, most AR team leaders only measure two metrics: DSO (59%) and Aging Payables (54%). And virtually no one compares their results to others.

This is problematic for a few reasons:

1. These two measures, even taken together, don’t create a big enough picture of how your team is doing.
2. Nor do most organizations have a good “gut check” of how their peers are performing.

AR leaders were asked not just for their results, but how they thought they compared to other organizations like theirs. The results were staggering: Nearly half (48%) of the respondents thought their team’s results were better than they actually were.

If you’re under the impression that you’re doing better than you are, you’re less likely to make the necessary changes to improve. The flip side can also be challenging. Thinking that you’re doing worse than you actually are can lead to knee-jerk management decisions that punish, rather than reward, those that are outperforming their peers.

Download this free report to begin your performance improvement journey.