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The bank payment obligation (BPO) provides similar protection for sellers as an L/C does, but far more efficiently.
Mitigating risk requires adoption of best practices, both in managing paper checks and in confronting digital threats.
Gains companies made a few years ago have stalled, reflecting the difficulty of improving processes throughout the company.
Companies aim to give their suppliers a boost at the same time they extend payment terms.
Improved working capital provides sunshine during recessions rain showers.
New purchasing solution is designed to streamline procurement and reduce maverick spending.
Basware announces new tool for deep analysis of data in the company's procure-to-pay solutions.