Finance departments
are constantly targeting ways to improve the management of your
organization's working capital.
In a glance, the liquidity dashboards
provides a snapshot of areas to focus your attention and a glimpse of
the progress you have made.
In the dashboard, you
can see throughout your Coupa spend what payment terms you're getting over a
particular interval. The power of this information is seeing it in a
glance without having to review countless reports. With this real time visibility you can now evaluate how much cash you can potentially put back into working capital by working with suppliers to achieve more favorable payment terms. If you have a bit of volume at Net 15, it may be worthwhile to switch it to 2/10 Net 30 to get the 2% discount and still pay your vendors as fast. Or better yet, move them to Net 45, thus preserving as much cash in order to fund top line revenue projects.
There is nothing more that will make you the hero of your organization by not only reducing costs, but by also working on financial terms to help with cash flow!
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