#DailySalesOutstanding (DSO) is a primary KPI for the finance department of any company, including the #UtilityCompanies. There is no surprise in claiming that the faster a #Utility Company can collect bills, the better.Imagine a scenario, where utilities can bill on hourly, daily, or weekly basis instead of the standard monthly basis. Not prepaid, but rather billing and payments in smaller frequency.
With this approach, the data suggests that energy acquisition, selling, and collecting cycle could be reduced to as much as 45 days or more. This not only will help the utility providers recognize revenue at an unimaginable pace, and reducing the collection risk, but will also help the customers go with smaller and manageable bill amounts.