Payment Benchmarks

Terms, Due Dates and Check Run Frequency - The most powerful tool that AP has for cash management is its ability to control when an invoice is paid. In a strong economy, an organization may choose to pay all invoices on time or early. During an economic downturn, AP and Finance may extend payment terms and pay later than the typical 30-and 45-day terms. Kim Nicholas, APM, AP Manager at One Gas in Tulsa, Oklahoma, wanted to know how other AP professionals were setting their payment terms during…