The company's financial health continues to improve with a steady increase in sales revenue. The accounts receivable turnover has improved, indicating a more efficient collection process. However, there are still some overdue accounts that need to be addressed. The new billing system implementation is on track and is expected to streamline the invoicing process further. The focus for the next quarter will be on reducing the days sales outstanding (DSO) and minimizing bad debt expenses. Overall, the accounts receivable department is performing well, but there is room for improvement in certain areas.More...