You've got to get to work and develop the materials that portray a new game plan for the vendors. This spreadsheet includes a summary linked to the detail. You do the detail ...
Follow-up conversations with a confirmatory email after you speak to your first vendors. Something that states more formally what you just discussed on the phone. It's a good email. Use it pretty much as is - it ...
When you're ready to speak to the first vendors - think through what you're up to. Know what you're talking about - so just winging it on the phone is fine as along as you're expert. Otherwise take some time and know what you need to know ...
here's what the vendors are thinking about. And you have to as well. Any plan that doesn't make sense vis-a-vis these three factors. You're kaput. Include them robustly and you've got a winner ...
Restructuring Payables is not gloom nor doom. You got a plan you're putting together and you need vendor support. Why should they be immune from the slow down in business? They're not. And they know it ...
The process of restructuring your accounts payable is pretty straight forward. But there is a lot to do to get it done. There's 7 key steps you need to consider whether you're a rookie at this or an old time expert ...