Bavelos Terms Optimization
The Bavelos Group’s Terms Optimization Service is a proven, effective way to get better payment terms with your suppliers. We have successfully managed outreach to hundreds of thousands of vendors on behalf of clients looking to enhance working capital results. Our experienced team analytically profiles each supplier and offers individually tailored payment terms that will increase cash and income results. In the process, we scrub & cleanse master vendor data, rationalize inconsistent terms and extend net terms to increase cash and expand income generating early payment opportunities. Our Terms Optimization Service employs a combination of digital marketing and inbound/outbound call center resources. All supplier contacts are tracked and new payment terms are authorized in writing with each supplier. Our team escalates exception situations for client assistance, only when necessary. Prior to any outreach, we fully train your accounts payable and sourcing teams on our best practices to ensure great results.
What Bavelos Terms Optimization Offers?
Phone, Email Outreach
Vendor File Cleanup
Tracking and Reporting
Each and every supplier completes a Payment Term Election Form that confirms their choice of new payment terms and establishes contractual agreement for early pay discounts or longer net payment terms. The result is increased cash and savings from discounts. There is no need for new software, no complex IT implementation. And all new terms apply to each and every invoice going forward.