Use These Metrics to Evaluate Your Payment Timing Practices
March 2005
Main article
From time to time accounts payable managers find themselves in heated discussions with supervisors who want to stretch their payment terms unofficially by simply paying vendors late. It may seem like a relatively easy thing to do—at least to the controller or CFO. But they aren’t the ones who are going to get all those where’s-my-money calls from disgruntled vendors. Some of these controllers and CFOs will claim “everyone’s doing it.” Before getting into a heated confrontation over the veracity of that statement, it’s a good idea to check out what other companies in your industry are doing.
2009
