Vendor Payment Terms - What is Best for Both Sides?

Instructor: Brent Meyers
Product ID: 703534
  • Duration: 60 Min

recorded version

1x Person - Unlimited viewing for 6 Months
(For multiple locations contact Customer Care)
Recorded Link and Ref. material will be available in My CO Section
Last Recorded Date: Oct-2014

Training CD / USB Drive

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(For multiple locations contact Customer Care)
CD/USB and Ref. material will be shipped within 15 business days

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Read Frequently Asked Questions

This webinar will highlight the issues that most companies face determining when to pay their vendors. Attendees will learn the best practices to comply with vendor payment terms.

Why Should You Attend:

There are advantages to gain on both sides of this equation when buyers and suppliers work together. The standard payment terms float around the 30 day mark but buyers are trying to extend that and suppliers are trying to shrink it. There are options that will make both sides happy; they just need to know what is out there. A 2% net 10 discount has been commonplace as an early payment discount but most companies aren’t able to meet these terms due to the length of time invoice approval takes. Why? This webinar will look at the reasons buyers can’t meet this and what they can do about it.

This session will equip attendees with many of the questions and answers to discuss with their buyers and suppliers to create a win/win scenario. There are many things to consider such as regulatory compliance, cost, savings, IT resources, etc.

Areas Covered in the Webinar:

  • Why do you need to look at vendor payment terms?
  • What do you need to look for in a solution?
  • What are some best practices?
  • What will this cost?

Who Will Benefit:

  • Accounts Payable Professionals
  • Accounts Receivable Professionals
  • Accountants
  • Financial Officers
  • Risk Officers
  • Internal Auditors

Instructor Profile:

Brent Meyers, has worked for Commerce Bank since May 2008 and is responsible for business development and commercial card services within the Midwest Territory. Mr. Meyers specializes in Automated Accounts Payable and Electronic Invoice Presentment and Payment (EIPP) solutions. Prior to joining Commerce Bank, he spent more than 8 years working at Enterprise Rent-A-Car, located in St. Louis, MO. There he held positions in Accounts Payable; Claims; and Credit Cards, both on the merchant and issuing side.

He received his Finance degree from Indiana University in Bloomington, IN. He is an Accredited Payables Solutions Consultant (APSC) through The Accounts Payable Network (TAPN) organization as well as a Certified Purchasing Card Professional (CPCP) through the National Association of Purchasing Card Professionals (NAPCP) organization.

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Refund Policy

Registrants may cancel up to two working days prior to the course start date and will receive a letter of credit to be used towards a future course up to one year from date of issuance. ComplianceOnline would process/provide refund if the Live Webinar has been cancelled. The attendee could choose between the recorded version of the webinar or refund for any cancelled webinar. Refunds will not be given to participants who do not show up for the webinar. On-Demand Recordings can be requested in exchange.

Webinar may be cancelled due to lack of enrolment or unavoidable factors. Registrants will be notified 24hours in advance if a cancellation occurs. Substitutions can happen any time.

If you have any concern about the content of the webinar and not satisfied please contact us at below email or by call mentioning your feedback for resolution of the matter.

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