In a recession, cash flow is king not just for distributors but also their business buyers as well.
Now more than ever small businesses, like property managers and cleaning services, are utilizing flexible payment options to better manage their company’s cash flow.
Through Credit Key’s research, we have found that when given the option of receiving a 30 day to 1 year payment term, companies choose past 90 days 80% of the time. Astonishingly, creditworthy businesses choose 12 month terms for orders under $500 - 34% of the time.
Credit Key allows distributors to offer flexible payment terms to their customers at no risk. So distributors can mitigate risk and offer their customers the payment terms they need to manage their business effectively.