The right mix of payment solutions can help organizations from small businesses to Fortune 100 organizations realize significant value. (See sidebar “Payment Options.”) Today’s economic environment also opens up new opportunities and flexibility to negotiate extended payment terms or early payment discounts through faster pay with suppliers.
World-class B2B supplier and payment strategies stem from having an actionable set of real-time information about actual spend. The financial supply chain provides an organization with critical visibility into key relationships – how best to collaborate with partners, how to negotiate terms, where discounts and service-level agreements can be improved, and how to drive better service and quality. Savvy businesses understand this and are adopting the right mix of payment tools to meet their needs.