6 Policies AR Should Follow in Response to Long-Term Payment Plan Requests

One sign of the weakness of the current economic recovery is that customers continue to stretch out their payments to trade vendors, and in some cases are even requesting payment moratoriums or extended payment plans. Long-Term Payment Plans In the hope of maintaining sales relationships with their creditors that will see them through the weak economy, debtors may seek to pay down debt in smaller portions and over longer periods of time. With careful analysis and measures in place to mitigate…