>>I wonder if there are more companies using this kind of philosophy out >>there >> - taking the best due date and terms that they can get, holding on to >> their >> money for as long as they can..
> Every single one of them, I'd imagine.... Maybe in some of the larger, more sophisticated firms.. those who actually *request* electronic invoices in ANSI EDI format. I still think these purchasers primarily record the vendor's invoice number, invoice date, amount subject to terms, total amount and their PO number and then just pay "as we customarily pay this particular vendor." Anyone big enough to actually use inbound EDI invoices is probably paying on some kind of 'cycle' anyway, maybe weekly, maybe bi-monthly, maybe monthly.. at which time they select for payment "all approved invoices with an invoice, due or discount date less than 'some arbitrary cutoff date.' Michael C. Mattias Tal Systems Inc. Racine WI [email protected] ------------------------------------ ... Please use the following Message Identifiers as your subject prefix: <SALES>, <JOBS>, <LIST>, <TECH>, <MISC>, <EVENT>, <OFF-TOPIC> Job postings are welcome, but for job postings or requests for work: <JOBS> IS REQUIRED in the subject line as a prefix.Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/EDI-L/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/EDI-L/join (Yahoo! ID required) <*> To change settings via email: [email protected] [email protected] <*> To unsubscribe from this group, send an email to: [email protected] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
