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Message
re: Corporate Card 90-Day Payment Cycle
Posted on 1/3/19 at 1:26 pm to deeprig9
Posted on 1/3/19 at 1:26 pm to deeprig9
AMEX is giving them 90 days fee and interest free to make the payments?
I don't know if I'd want to work for a company that has a regular policy of not paying any vendor for 90 days, just because. Could be they are just idiots but they also could be having cash flow problems.
For comparison, when one of my clients goes 30 days past, I reach out to them to make sure they got my invoice and make sure there aren't any questions. At 60 days, I stop doing additional work until they get caught up or at least work out a plan to get caught up.
I don't know if I'd want to work for a company that has a regular policy of not paying any vendor for 90 days, just because. Could be they are just idiots but they also could be having cash flow problems.
For comparison, when one of my clients goes 30 days past, I reach out to them to make sure they got my invoice and make sure there aren't any questions. At 60 days, I stop doing additional work until they get caught up or at least work out a plan to get caught up.
2
Posted on 1/3/19 at 2:23 pm to LSUFanHouston
Why would you earn against working for a company that was able to negotiate such favorable payment terms? AMEX could say no but they are probably allowing it because it's a great customer with no issues. For the company, it's 90 days of cash discounting
Posted on 1/3/19 at 2:28 pm to LSUFanHouston
quote:
For comparison, when one of my clients goes 30 days past, I reach out to them to make sure they got my invoice and make sure there aren't any questions. At 60 days, I stop doing additional work until they get caught up or at least work out a plan to get caught up.
What if you didn't read the fine print on the purchase order that said net60?
Would you still harass your customer for payment?
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