Payment Terms: Current Practices for Marketing Services [REPORT]
March 12, 2020
The following is republished with the permission of the Association of National Advertisers. Find this and similar articles on ANA Newsstand.
Given member interest resulting from coverage in the advertising/marketing trade press regarding changes in payment terms being implemented by a handful of companies to some suppliers, ANA initiated research to determine if such changes were isolated examples or reflective of a broader trend. The answer is clear: payment term changes, notably extended terms, are reflective of a broader trend. The services noted most for extended payment terms are agency fees, research, and production. The majority of respondents who have extended their payment terms have done so to derive better cash flow.
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