30
I'm with loaders although we are a carrier any freight we broker we do pay in 30 days and yes we will quick pay for 5%, we are not a bank or a CH so we figure that 5% is a lot less than a factoring company. We also try and have everything emailed to us the faster the better. I am now arm twisting the accountantss to get into electronic payments and eliminate cheques and mailing altogether but accountants sure like their paper. As far as new customers they have a choice EDI or email invoices to them, we will actually turn down customers that insist on mailing "originals" which we have never mail an original ever (photocopies only) so the only reason for it is to stall and take longer to pay. Once that delivery is made it is our money and we want it as soon as possible so we are very cautious about the stall tactics.
Remember any company that is paying in reasonable terms and then goes to 60+ days RUN AWAY they are having major financial problems.
Remember any company that is paying in reasonable terms and then goes to 60+ days RUN AWAY they are having major financial problems.