Financial operations refer to the activities and processes involved in managing the financial resources of an organization, such as budgeting, forecasting, accounting, auditing, and financial reporting, as well as the management of cash flow, investments, and other financial instruments, to ensure the organization is able to meet its financial obligations and maximize its returns.
Payment terms are an essential part of any business transaction, and should be carefully considered by both parties to ensure a successful outcome. They provide assurance of payment for the vendor, and an incentive to pay early for the buyer, while also helping to establish a good relationship between the two parties.
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