A major integrated health system in the Northeast was growing rapidly and in need of a payment solution to reduce the amount of paper and checks processed and help bring efficiencies to their cash flow management, as well as improve vendor relationships.
After reviewing several options, they chose American Express' Buyer Initiated Program (BIP), which integrated smoothly with their existing ERP system and enabled them to expand electronic payments to vendors. Now they can pay suppliers earlier while maintaining Days Payable Outstanding (DPO) and enjoy incentives provided by the American Express rebate program. The utilization of American Express BIP (Buyer Initiated Payment) enables an organization to extend DPO (Days Payable Outstanding) by up to 14 days, while managing DCOH (Days Cash on Hand)*
Disclosure: * The number of days by which your DPO is extended will depend on when during your American Express Card billing cycle you charge a transaction to a supplier. The date the transaction is posted to your account, and the date you pay the amounts due on your American Express billing statement will determine the number of days you extend which may be less than 14 days.
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