Poll Title: Check vs. EFT - Adjusting Payment Terms to be Float Neutral

Background: We are always looking to switch our suppliers from a payment method of check to EFT. It is cheaper and more efficient. However, if the terms remain the same the supplier will be getting the benefit of the float by receiving their funds sooner (working capital). Our policy has been to try to remain float neutral and would like to know what others do.

Poll Question: When switching a supplier from check to EFT, for how many extra days does your company hold the EFT payment to remain float neutral?

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	1 Day	0%
	2 Days	6%
	3 Days	3%
	4 Days	3%
	5 Days	3%
	We do not hold EFT payments for extra days	79%
	Other (Please Comment)	6%

Poll Question: If your company holds EFT payments for extra days, how is this accomplished?

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	The term remains the same, we just hold the EFT for a set number of days	14%
	We change to a different term (i.e. from Net 30 to Net 35 EFT)	29%
	We show the same term description, but switch to an EFT term that releases later (i.e. from Net 30 to Net 30 EFT)	29%
	Other (Please Comment)	29%
	Not Applicable