Vendor Payment Terms- What Is Best For Both Sides (Vendors And Companies)?
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Vendor Payment Terms- What Is Best For Both Sides (Vendors And Companies)? (MLCD30U)
There are advantages to gain on both sides of this equation when buyers and suppliers work together.
A 2% net 10 discount has been a common place as an early payment discount, but most companies aren’t able to meet these terms due to the length of time invoice approval takes. Why? We will take a look at the reasons buyers can’t meet this and what they can do about it. The standard payment terms float around the 30-day mark, but buyers are trying to extend that and suppliers are trying to shrink it. There are options that will make both sides happy; they just need to know what is out there.
This session with speaker Brent Meyers will equip you with many of the questions and answers to discuss with your buyers and suppliers to create a win/win scenario. There are many things to consider such as regulatory compliance, cost, savings, IT resources, etc.
DPO versus DSO – Days Payable Outstanding versus Days Sales Outstanding – During this webinar, Brent will highlight the struggles that most companies face determining when to pay their vendors.
Highlights of the session are:
Why do you need to look at this?
What do you need to look for in a solution?
What are some best practices?
What will this cost?
Ask a question at the Q&A session following the live event and get advice unique to your situation, directly from our expert speaker.
Who should attend?
The session is appropriate for accounts payable professionals, accounts receivable professionals, accountants, financial officers, risk officers and internal auditors.
Brent Meyers has extensive knowledge of the accounts payable process in today’s business environment. He is responsible for business development and commercial card services within the Midwest Territory. He specializes in Automated Accounts Payable, regulation compliance, and expen...
Disclaimer: The content herein does not represent any association between CFPB and Eli Financial LLC. CFPB neither endorses any product of Eli Financial LLC nor warrants accuracy of the content hereto.