Visa

This Visa/Corporate Treasurer roundtable drills down on corporate cash management behaviour, the problems of forecasting and how to relieve supplier payment bottlenecks

Due to a lack of pre-payment control, demand for using credit cards for procurement purposes is still very low. However, recent developments in Australia could change all that.

Don’t rush to extend your payment terms before you have considered all ways to mitigate against the impact on your suppliers. There are supplier payment solutions out there that can improve your working capital position and your key relationships.

Through the power of digital payments, treasurers will not only eradicate human-errors, but they can be confident that the source of their data is reliable and brings long-term strategic benefits.

Improving control over your cash requires establishing where the problems lie. Working with a payment technology solutions network like VISA is the first step in this journey.