Glossary

Accounts receivable aging is the process of calculating and comparing the debts your company is owed based on how long it takes creditors to pay them. This number is typically expressed in days or weeks.

Data migration is the process of transferring digital information from one system, format or environment to another, typically as part of an upgrade, consolidation or cloud adoption initiative.

Data mining is the process of uncovering patterns and extracting valuable information from large sets of data. It's like sifting through a gold mine of information to find hidden gems of insights.

Days Inventory Outstanding (DIO) is a working capital management metric that measures the average number of days a company holds onto its inventory before selling it. In other words, it tells you how long it typically takes for your inventory to be converted into cash through sales.

Days Payable Outstanding (DPO) is a financial metric that measures the average number of days a company takes to settle its bills with suppliers or creditors for purchases made on credit. In simpler terms, it tells you how long, on average, a company takes to pay off its outstanding accounts payable (AP).

Days Sales Outstanding (DSO) is a financial metric used to measure the average number of days it takes a company to collect cash from its customers after a sale is made on credit. In simpler terms, it tells you how long, on average, it takes for your company to convert credit sales into actual cash.

Debit memo, also referred to as debit note, is a formal document issued by a seller (or service provider) to a customer increasing the customer's outstanding balance.

Deferred revenue is a payment that is made in advance of the completion of a contract. It is not considered “earned” and is recorded as a liability on the books until the terms of the contract are fulfilled. Accrued revenue is the opposite of deferred revenue, whereby revenue has been earned and recognized but not yet received.

Document management refers to the process of organizing, storing, managing, and tracking documents and information within an organization in a systematic and efficient manner.

Dynamic pricing is a pricing strategy where the cost of a product or service fluctuates based on market demand, competitor pricing, customer behavior or other factors.