Terms Transformation Services
With our Terms Transformation Services, we’ve successfully managed outreach to hundreds of thousands of vendors. Our trained resources target each vendor based on our analytics and present terms optimized for the greatest result. In the process, we scrub & cleanse master vendor data, rationalize inconsistent terms and transform net terms into income generating early payment opportunities. Our vendor services employ a combination of telephone, email and mail outreach. We track and manage progress across a series of campaigns and escalate exception situations for assistance, only when necessary. Prior to any outreach, we train your designated accounts payable and procurement resources.
Extends terms with a new precisely targeted payment terms policy.
Works with each vendor to maximize opportunity to capture early payment discounts.
Matches each vendor with our attribute base and scores propensity to extend and discount.
Identifies inconsistent terms and aligns them across contracts and relationships.
Vendor File Cleanup
Completes missing profile information and updates compliance records (W-9, W-4) as needed.
Tracking and Reporting
Tracks supplier outreach progress and reports campaign results against goals.
Phone, Email Outreach
Conducts mass outreach to communicate new terms and propose discounts.
Escalates unresponsive suppliers or special needs and manages resolution process.
Trains designated AP and procurement resources on dynamic terms and vendor inquiries.