Best practice for utility payments

April 4, 2019

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Q. As a large multi national corporation with many legal entities and plants worldwide, there seem to be a variety of methods for the payment of utilities. 1) Payment by check; 2) payment by PCard; and 3) allowing direct debits to bank accounts are the top three methods used globally. What is the best practice used by large corporations? A. (Provided by the IOFM Advisory Panel) ----- I also ran a large multinational corporation with many legal entities and plants worldwide. Utilities are…

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Naturally, this forum doesn’t allow the kind of full information exchange necessary for the Institute of Finance & Management (IOFM) to provide legal advice and the Expert is not a tax attorney in any event. Please understand that the nature of our responses are limited by these constraints as well as the site’s Terms of Use. If you have further questions or suggestions about how we can improve IOFM, please let us know. 
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