Payables management: Difference between revisions
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imported>Administrator (CSV import) |
imported>Doug Williamson (Link with qualifications page) |
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Also known as creditor management. | Also known as creditor management. | ||
== See also == | == See also == | ||
* [[Creditor days]] | * [[Creditor days]] | ||
* [[CertICM]] | |||
Revision as of 11:11, 29 November 2014
A policy of paying suppliers late reduces the amount of financing required from other sources, but this could increase the risk of penalty charges for late payment and will also inconvenience suppliers with whom a good relationship is important.
Effective payables management involves - among other things - finding an appropriately balanced level of payables.
Also known as creditor management.
