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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.