How can you use data to evaluate payment term negotiations?
Payment terms are one of the most important aspects of vendor negotiation, as they affect your cash flow, profitability, and relationship with your suppliers. However, how do you know if you are getting the best deal possible, or if you are leaving money on the table? The answer is data. Data can help you evaluate your payment term negotiations by providing you with insights, benchmarks, and leverage. In this article, we will show you how to use data to achieve optimal payment terms for your business.
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