Is Capturing Vendor Discounts Your Priority?

September 10, 2019

Share

When AP departments are able to process payments quickly and accurately, they not only keep management and vendors happy, they can also garner valuable discounts from their vendors by paying early. At its most basic level, an early payment discount is a set of payment terms that suppliers offer to buyers for paying invoices within a specified time frame that’s shorter than the agreed-upon standard payment terms. Discounts are offered as a percentage deduction for payment within a specified…

  Become A Member

Join IOFM today as a Professional, Business, or Enterprise Member — or upgrade your Starter Membership — to get access to this content and thousands of other Articles, Webinars, Expert Answers, Resource Downloads, and more!

Join Today

Subscribe to our Monthly Insider

You may unsubscribe from our mailing list at any time. Diversified Communications | 121 Free Street, Portland, ME 04101 | +1 207-842-5500