Net 60 is not used as frequently due to its longer payment term.
No one has had any experience of such draconian payment terms.
You could try to negotiate different payment terms with your suppliers.
Any customers that have exceeded your payment terms can then be chased.
Compare the prices and payment terms in their initial offers.
Many private schools were offering easy payment terms and accepting credit cards.
Which payment terms to use is a key decision when starting to trade overseas.
As is typical in the industry, payment terms were often unusual.
Whenever possible you should take advantage of payment terms, as this will help keep your costs down.
A low ratio may mean payment terms need tightening up.