


A/P Series Part 5: The Highest and Best Use – Consolidate Payments
“Quantity has a quality all its own.” Joseph Stalin is credited with saying this; and, unfortunately for his soldiers and subjects, he was not talking about the number of suppliers he was paying. And, while this strategy may be an advantage (albeit, a grisly one) in a...
A/P Series Part 4: The Why
Welcome back! This is part four of a six-part series focused on how you, as a bank or lender, can offer Supply Chain Financing to your clients. The series showcases the strategic benefits your clients will realize via this program. My past two posts centered on the...
A/P Series Part 3: Different Payment Types
In my previous post, I discussed how paying with checks is, in fact, not always a good idea. Eliminating the use of checks is one step companies can take to be smarter and more strategic with their Accounts Payable (A/P). The next step involves the incorporation of...
A/P Series Part 2: Stop Using Checks
Are Your Clients Still Paying with Checks? Paying with checks isn’t what it used to be. According to a 2013 Federal Reserve study, payments by check have dropped by more than 50% from 2000 to 2012, while electronic payments have tripled. (businessinsider.com) In...