Judy,
I am in no way upset about you or others discussing our discount program on this forum. I appreciate the feedback. Being an abstractor myself I understand and appreciate all the hard work of all our vendors. Unfortunately, I am not in control( I do have some influence though!) of when we cut our vendors checks. Our company's receivables currently avg 50 days. The discount option was created as a way to help vendors with cash flow issues. I continually request, no avail, that we pay all vendors in 30 days. Please understand that we value your work and we do pay for all work completed accurately and in a timely fashion. I gather from this forum that some vendors do not have an issue with being paid rather an issue with the time frame. I only have a handful of clients that pay in less than 30 days. Do you or anyone else have some feedback on what a reasonable time frame for payment is?
Thanks again for your feedback. I can use your responses when discussing payables with the owner.
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