Like many processes in finance, there are benefits to be gained by increasing speed and efficiency at pain points throughout the cash-to-cash cycle. Incentives and disincentives can also be put into place to encourage faster payment. Which of the following would help you to speed up your cash-to-cash process? Get lean: Lean companies work through their finished goods inventory, deliver flexibly, and ship faster. Combine Fees: By consolidating fees, you can reduce procurement costs and gain a better understanding of spending trends and volumes within the company. Offer extended terms: allow your customers to delay payment, the more your company is acting like your customer’s bank instead of a money-making outfit is great for the buyer/supplier relationship. Carry extra inventory: You don’t want to run out of goods. You can’t sell what you don’t have.

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