In this playbook, learn how data, technology and new ways of using credit can help you balance these demands.
When it comes to timing payments, buyers and suppliers have very different needs. Buyers need to effectively manage working capital, so they hold on to their funds as long as possible. But from a supplier’s perspective, the sooner payment comes, the better.
Not only must buyers have control over their working capital, they need a diverse and reliable supply chain to support growth. There is a way to balance both of these demands while also improving supplier relations at the same time. In this playbook, you’ll learn how to optimize working capital, drive process efficiency and strengthen supply chain health through three flexible levers:
- Supplier management—tools, processes and context for understanding suppliers and payment terms
- Payments management—how automation drives efficiency
- Supply chain finance—scalable platforms and flexible, third-party funding.
