Procter & Gamble plans to extend supplier bill payment cycle

Proctor & Gamble (PG) said it plans to increase the amount of time it takes to pay suppliers, potentially freeing up cash for the consumer products maker.

The move could free up as much as $2 billion in cash if P&G extends its billing cycle by 30 days, The Wall Street Journal reported earlier.

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By : nagi /May 28, 2013 /Working Capital /0 Comment /

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