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Days payable outstanding
November 2, 2022
Q. Our organization is interested in understanding what other companies are targeting for their days payable outstanding. We would like to target 60 days but will be accomplishing this manually by renegotiating terms with our high spend suppliers.
Are there any best practices that can be shared regarding increasing days payable outstanding or the calculation of days payable outstanding?
A.
(Answered by the IOFM Advisory Panel)
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We launched a payment cycle strategy in 2020 converting…
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