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Episode Info

Episode Info:

Predicting cashflow is certainly common enough, but what about predicting the costs ASSOCIATED with cashflow? What are the specific financial impacts of moving from check to ACH in terms of speed and costs? Should you offer a discount to encourage preferred payment methods? And, if so, how MUCH of a discount can you justify? Also, what are the costs of matching invoices and fixing invoice typos? There clearly IS a cost, but have you ever calculated precisely what it IS? One person who HAS is Rodney Gardner, head of global receivables at Bank of America Merrill Lynch. Rodney, how many companies are blissfully UNAWARE of these costs?


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