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By delaying any and all payments to vendors, you free up cashflow. It is in the company's best interest to hold off payment as long as they can.
by downrightmike 10y ago
By delaying any and all payments to vendors, you free up cashflow. It is in the company's best interest to hold off payment as long as they can.
- abraae 10y agoExcept that you create a toxic environment inside your accounts team, who have to constantly deal with incoming calls demanding money. And if you're the kind of organization that makes a process out of paying each vendor as late as possible (I mean beyond the agreed terms) - which some do - then you'e likely a shitty org in many other ways too.