Can you get customers to pay faster by shortening their terms? How do payment terms impact when customers actually pay? Our latest analysis shows that invoices with terms shorter than 15 days are often paid late—especially when customers use checks or ACH. But the right payment strategies can help businesses get paid faster.
Why do restaurants & retailers pay some vendors faster than others? Payment behavior is a crucial aspect of managing cash flow, yet it varies dramatically even within the food and beverage industry. This post explores how differently buyers pay their vendors based on what those vendors sell.
