Unpacking Days Payable Outstanding

Published On:
September 13, 2017
Authored By:
Michael Hinson
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Not that long ago, negotiating extended payment terms was equivalent to tossing out a red flag to signal that the company was in trouble. But today, with fresh and painful memories of the past recession, many larger businesses in good financial shape are still pushing for extra time to pay their bills. In this month’s metric, based on current APQC Open Standards Benchmarking® data, it’s clear that “net 30” is no longer the standard at many companies.