Strategically Speaking: 19 Tips for Better Cash Flow Management
Careful cash management is more important than ever. Traditional practices may not be in your best interest today.
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Cash Discounts
9. Prompt-Payment Discounts: Service providers offer prompt-payment discounts to encourage customers to pay invoices faster. Discount terms often involve a 10-day payment cycle (i.e., the vendor must be paid within 10 days of billing) versus traditional payment terms that often give the publisher 30 to 60 days to pay. While the discounts are attractive, the impact of foregoing discount-payment terms on available cash can be significant.
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David Hetherington
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