How NEC slashes payment times without hurting DPO
The conglomerate’s Asia-Pacific business is working with UOB to kill payment times for key SME suppliers in Singapore while maintaining its own working capital cycle
“NEC APAC HAS IMPROVED ITS PROCESSING OF PAYMENTS ... TO LESS THAN SEVEN [DAYS]”
Sandra Kwok, NEC Asia Pacific
NEC’s Asia-Pacific operation (NEC APAC) joined forces with UOB to pilot a virtual account-based payables solution – UOB Virtual Payment Solutions.
The platform can speed up payments for cash-hungry suppliers without necessarily affecting days payables...
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