- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Corporate Card 90-Day Payment Cycle
Posted on 1/3/19 at 4:04 pm to Mr.Perfect
Posted on 1/3/19 at 4:04 pm to Mr.Perfect
quote:
For the company, it's 90 days of cash discounting
After I wrote what I wrote, I saw someone mention the OP is at a Fortune 10 company. Presumably that's why they were able to negotiate such terms. AMEX is a big ole company, if they want to allow that, they can deal with it I guess.
But then, I go to this... why is a Fortune 10 company 1) worried about the 90-day float and 2) telling all the employees about it?
Also, I'll say this... a negotiated "90 days same as cash" deal is a bit different that a customer just deciding they aren't paying any bills until 90 days.
1
Posted on 1/3/19 at 8:57 pm to LSUFanHouston
quote:
why is a Fortune 10 company 1) worried about the 90-day float
90 days at 2% APY on millions of dollars quarter after quarter, year after year, are pretty good terms. It's like borrowing money at 0% interest and investing it in 3 month CD's, collecting the interest, then sending the principle back. Over and over and over. It's brilliant really. It is a revenue stream at the expense of merchants. But it is win-win, because the merchants on the other side of Amex are still getting their revenue from the company spending money there.
quote:
why is a Fortune 10 company 2) telling all the employees about it?
They told only their Amex holding employees, because we needed to be aware of the new expense reporting guidelines.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News