The Bottom Line on Dynamic Discounts: Purchase-To-Pay Solutions can Give You Control of Payment Cycles, Says Lucy Beck (Supply Chain Finance‪)‬

Ask a CFO if they would like a 30% or greater annual return on capital, while making their financial processes more efficient, and you'd probably get your hand bitten off. Especially in the current climate, which tempts businesses to hold onto their cash for as long as possible. At the end of 2009, UK businesses had significantly improved the time it takes them to settle their bills, according to Experian's Late Payments Index, the global information services company. Firms were paying their late bills an average of just under 21 days after agreed terms -- an improvement of more than 2.5 days compared with the previous year. But while everyone's doing it, it isn't good for supplier or partner relationships. Nor does it make the best financial sense. So why do organizations persist in holding onto cash? CFO Versus CPO