April 3 | 3 - 4:00 PM ET
Credits: CTP/CCM: 1.2 | FPAC: 0.0 | CPE 1.2 | CPE Field of Study: Field of Study: Management Services
Learning Objectives
- Understand the differences between common payment modalities and their respective impacts on cash flow.
- Learn the fundamentals of deploying a holistic payment strategy to maximize cash flow in your organization and key considerations to ensure its success.
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Members Enroll HereWebinar Description
Should we be speeding up payments, slowing them down or both?While there is value in utilizing faster payments in specific use cases and industries, most companies are focused on slowing down their payments to maximize working capital. But, can using faster payments or paying vendors faster improve cash flow? The answer is yes, but only when factoring in multiple variables and ensuring organizational alignment to execute.
This webinar will focus on the “How?”— looking at core concepts to consider when developing a strategy for vendor payments and the impact of these decisions on your organization’s cash flow. We’ll explore the costs of various payment mechanisms and primary factors that drive the cash flow, including transaction costs, payment float, trade terms, discounts and supplier rebates. Hear best practices from a corporate practitioner that achieved substantial improvements to their cash flow through a CPO-led joint effort between Supply Chain and Accounts Payable.