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agree... this will be as EEF if you agree with me which makes some difficulties on the project progress
but as you mentioned it is depend on the agreement between the organization and suppliers as here the suppliers are client should follow the organization payment terms.
This is an opportunity for leaning out organizational processes but that is a long game. If this is going to result in failure of one or project objectives then escalate through your sponsor to see if they can work with Finance to fast track the project funding.
Thanks for your comment
Even if the organization is project-based, the payment and payment terms are aligned with the assets of the organizational processes and with the environmental factors
Thanks for your gold words
exactly sir, escalation every time
but do you think that it will be better if the process been modified to be aligned with the project needs??
thank you again for sharing your gold comments continually.
agree sir, but again i have been worked on companies way of projects is not clear for example i manged different projects even not related together... if the projects natural is unified so the OPA can be applied easily? what if the projects are different?
we have common role in construction filed that the builders should take their money every end of Thursday..
if this project came to that companies i worked it will be very difficult to manage it as the payment terms is different.
agree with you
for sharing your reply
As alluded by other contributors, your finance department has to worry about cash flow. It is easier to use incoming flows to pay out outgoing flows. It saves on borrowing fees and interests.
of course i will,, but the case is the Finance department is out of my power .. put i will use the judgment to mange it?
I agree with Sergio.
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