Difference between revisions of "With Banking Coordinates"
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== Definition == | == Definition == | ||
| − | '''With Banking Coordinates''' | + | '''With Banking Coordinates''' refers to an [[Irrevocable Corporate Purchase Order | ICPO]] which includes the organization's financial institution details in order for the vendor to conduct a soft discovery on their accounts for the vendor to satisfy himself/herself that there are sufficient funds in place to cover the cost of the purchase. |
[[Category:Supply Chain Finance]] | [[Category:Supply Chain Finance]] | ||
Latest revision as of 09:04, 11 August 2021
Definition
With Banking Coordinates refers to an ICPO which includes the organization's financial institution details in order for the vendor to conduct a soft discovery on their accounts for the vendor to satisfy himself/herself that there are sufficient funds in place to cover the cost of the purchase.
