While positive cash flow is a bottom line need for all companies, payment timing that works for one company may be a non-starter for another. That’s why adding dynamic discounting to your supplier payment options is a win-win for you and your suppliers. Dynamic discounting empowers both sides of the payment equation — you and your suppliers.
Category: Taking Care of Suppliers
Suppliers don’t always understand or appreciate the benefits of electronic payments. Some suppliers may even view electronic payments as a negative. Unless suppliers agree to be paid electronically, you will not achieve the maximum benefit from your electronic payments initiatives. So how do you convince them?