The Accounts Receivable Turnover (ART) ratio, also known as the debtor’s turnover ratio measures how efficiently a company is collecting revenue. Stretched further, it measures how efficiently a company is using its assets.
In a perfect world, all invoices would be paid promptly and on time, but of course that’s not true. The reality is that business owners are often left to chase after accounts and the money that they’re owed.
When CMIT Solutions of Downtown Chicago’s President, Jeremy Treister was looking to get accounts receivable automated and under control, he researched and evaluated many solutions including Bill.com. But he couldn’t quite find a solution that met all of his key requirements.