Big companies today are demanding that their customers pay quickly and on time. Yet when it comes to paying their suppliers, it's a different story. Buying organizations are stretching out terms, to the point where a supplier might not get compensated for services for nearly two months. For smaller entities, that delay can threaten their very survival. So why, in a time of economic recovery, are buyers treating their suppliers in this manner? And what can be done to satisfy both sides? In other words, what constitutes fair financing? We get some answers in a conversation with Joe Hyland, chief marketing officer of Taulia, a provider of invoice, payment and discount-management services to buying organizations. Learn how companies can cure themselves of this "epidemic" of supply-chain risk, caused by the practice of slow-paying suppliers. As Hyland puts it: "The Holy Grail of invoicing is getting paid." Which demands the question: How? Hosted by Bob Bowman, Managing Editor of SupplyChainBrain.
Look for a new episode of the podcast, which can be downloaded or streamed, every Friday on the SupplyChainBrain website and iTunes.
A Taulia white paper on "Empowering Suppliers."
A paper from the U.S. Department Commerce on "The Economic Benefits of Reducing Supplier Working Capital Costs."
Stream or download podcast here
Timely, incisive articles delivered directly to your inbox.