IOFM AR Panel: To Work Better with Your Vendors, Communicate Early and Often

As with any relationship, communication is key to more efficiently and effectively working with your vendors’ AR/Credit & Collections teams. That’s the key takeaway from a focus group of eight AR leaders conducted by IOFM in February 2021. “Better communication serves all well! If items are correct on the front end (payment terms, quantity on orders, pricing and so on), the collection process works smoothly. I wish AP/Procurement departments better understood that it would be helpful to receive…