OPINION: Data-Driven Thinking
Agency Payment Terms: How Long Before Delayed Payments Create A False Economy?
Brands are feeling the pressure to cut costs as the global economy remains uncertain. Some are even appealing to agencies to extend payment terms to get a handle on their finances. But it’s time for payment terms to be pruned to reasonable lengths to restore brand-agency relations and ensure supply chains don’t become overburdened with debts, writes Hasan Arik, Founder and CPO, Redmill Solutions.
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