Terms Optimization Service
With our Terms Optimization Service, we’ve successfully managed outreach to hundreds of thousands of vendors. Our experience team profiles each vendor with our analytics and present precise terms optimized to get the best result. In the process, we scrub & cleanse master vendor data, rationalize inconsistent terms and transform net terms into income generating early payment opportunities. Our vendor services employ a combination of telephone, email and mail outreach. We track and manage progress across a series of sophisticated marketing campaigns and escalate exception situations for assistance, only when necessary. Prior to any outreach, we fully train your accounts payable and procurement teams on best practices proven to deliver great results.
What we do in our Bavelos Terms Optimization service
Phone, Email Outreach
Customer offers for each vendor to maximize the savings from early payment discounts.
Vendor File Cleanup
Completes missing profile information and updates compliance records (W-9, W-4) as needed.
Escalates unresponsive suppliers or special needs and manages resolution process.
Matches each vendor against our attribute base and scores propensity to extend terms and discount.
Tracking and Reporting
Tracks supplier outreach progress and regularly reports campaign results against goals.
Trains designated AP and procurement resources on best practices and simplifies change management.
We have each and every supplier complete a Term Election Form that confirms their choice of terms establishes the contractual foundation for new early payment or net terms going foward. The results is increased cash and new discounts. No software, no complex IT implementation. And the terms apply to each and every invoice going forward.