"Paid on time" benchmark

March 16, 2020
March 16, 2020


Q.┬áIn your AP performance efficiency benchmark, you highlight paid on time rates for top and bottom performers. How are "due now" or "pay immediate" terms incorporated into these calculations? The earliest we can pay due now is 7 days based on system setups even for EDI so we classify that paying within 10 business days for this category is still "on time". Obviously, we want to push payment terms out but am curious what common practice is in this area? Pay now is a terrible set of terms which…

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