8MAY 2025CFO TECH OUTLOOKIN MY OPINIONBy Maggie Madden, Director of Credit, Collections, AP & AR, Trulite Glass & Aluminum SolutionsHOW PROVEN PROCESSES REDUCE DSO, INCREASE CASH FLOW, AND LOWER BAD DEBT FOR CFOSMaggie Madden has over 25 years of experience and focuses on helping companies improve cash flow, reduce DSO, cut bad debt, and increase sales.Chief Financial Officers' primary concern is increasing cash flow, reducing days sales outstanding (DSO), and minimizing bad debt to optimize the business's financial health. Leaving uncollected cash to age is risky as it affects borrowing base lending, increases operating costs, and heightens the risk of insolvency. While these challenges may seem daunting, a proven system--rooted in well-established processes--can significantly mitigate these issues. Several key changes can help you get paid faster, reduce bad debt, and minimize operational stress.For nearly 30 years, I have been helping businesses overhaul and turn around AP (accounts payable) and AR (accounts receivable) departments. With each new project, I find the same systemic issues. Employees show up each day wanting to do a good job but fail because they lack the processes and tools needed to succeed. A Maggie Madden
< Page 7 | Page 9 >