Don’t Do This! Dynamic Discounting and Trade Financing “Worst Practices” [PRO]
Sure, companies need to understand payables and receivables financing best practices when it comes to business/program considerations, contracting, supplier engagement strategies, technology adoption, and deployment. But they also should know what not to do. Our research team finds that too many companies are guilty of a common set of “worst practices” in this area. In this PRO research brief, Jason Busch, Group Managing Director, Spend Matters, examines how procurement, accounts payable and treasury departments start on the wrong foot by not fully considering the right business considerations and contracting strategies and then carry missteps over to the wrong process and technology decisions. Read on for what not to do, as well as a real-world use case centered on using the wrong trade financing solution for the wrong job.