Is Your Company Paying On-Time?Date: 08/24/2017
Do you ever have a supplier tell you that your company is paying its bills late? Most suppliers will not tell the buyer unless the situation is flagrant, but late payments still reflect poorly on the buyer as well as the company. Your organization should honor the payment terms that are agreed upon. Check by asking your suppliers if they are getting paid on-time and ask your accounts payable people as well. If paying on-time is a problem, perhaps you should negotiate a longer time for payment. What do you think? Please give us you comments or suggestions.
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