Supplier Opportunity - Payment Terms
The video explains the payment terms section on the supplier card's Opportunity tab, covering contractual payment terms at the supplier level, variations between contractual and actual terms, the platform-identified opportunity for payment term extension, and the display of user-entered agreed terms, with a user-friendly interface allowing modifications through the "add results" feature.
Overview of Payment Terms Section:
- The video shifts focus to the payment terms section after covering the top four boxes on the Opportunity tab in the supplier card.
Contractual Payment Terms:
- Users can view their contractual payment terms with the supplier on the entire supplier level in this section.
Spend Level Breakdown:
- For a detailed breakdown of payment terms for each individual spend, users can select the specific tab for the desired spend.
Automatic Assignment of Contractual Payment Terms:
- The video explains that if actual payment terms are not provided in the spend file, the platform automatically assigns contractual payment terms as the actual, and vice versa.
Variations in Payment Terms: -
- Variations between contractual and actual payment terms can occur, particularly if there are arrangements such as early payments or delayed payments to the supplier.
Opportunity for Payment Term Extension:
- The opportunity section highlights what the platform identifies as the potential to extend payment terms.
Agreed Terms Section:
- The "Agreed" section appears only when a user has entered results for the supplier, displaying the terms agreed upon.
- In the example, the terms have increased from 30 days to 90 days, reflecting the user-entered results.
User-Driven Changes:
- Users can modify the agreed-upon terms by selecting "add results" and making the necessary changes.
0:00 - that we've already gone over the top four boxes on the opportunity tab in the supplier card, we'll move down and go over the payment terms.
0:08 - here you'll see your contractual payment terms with the supply. On the entire supplier level. If you want to look at each individual spend, you select the specific tab up here for the spend you want to view.
0:19 - the actual payment terms were not provided in the spend file, add it automatically assigns contractual payment terms as the actual.
0:26 - same goes vice versa. If the actual were provided not the contractual, we assume the actual to be the control. These could be different, though, if you have an early payment or a paying your supplier late.
0:39 - down is the opportunity. This is what Atta has identified as the opportunity to extend payment terms too. last option here, Agreed only appears if a user has entered the results for the supplier.
0:51 - Now in this example, we've entered that the terms have increased 30 days to 90, so we see that here, that these are the new Agreed upon terms.
0:58 - change these, the user selects add results and you can change that number here.
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