I would like to find out from you on the following. The questions may sound really retard but we need to know the steps from the time you book the media to payment credited into vendor’s bank.
1/ Booking of Media
- How? (i.e. Through email? Send hardcopies of media schedule to vendors?)
- What documents are required from the vendors before they can proceed with booking of your media? Are all the vendors’ requirements the same – OOH, Print, Radio, Digital? If no, please state what is the difference.
- What do they provide to show that media has been booked? Booking Order? Some form of documentations?
2/ Payment to vendors
- When do you pay the vendors? (i.e. some markets pay their vendor once campaign launched, some pay only when campaign ends, etc)
- Does the vendors send invoice prior to your payment? If no, please skip this and answer the question below.
- What does the vendors provide you before your finance team pay them? Purchase Order? Some form of documents? Email approval from you?
- What is the usual payment terms? 30 days?
- In China, invoice is regarded as receipt – Is it the same in your market? Do you received 3rd party invoices after you make payment?
Thank you all! Would appreciate if you can send the response by tomorrow morning. I reckon most of your steps are pretty straight forward so that should be a quick response. Get this out of the way and I promise not to bug you with processes….. for a while. :p This is the final step before we finalized the standard procedure with EM and we need to do it quick so that we can get all the payments sorted quickly.
I would like to find out from you on the following. The questions may sound really retard but we need to know the steps from the time you book the media to payment credited into vendor’s bank.
1/ Booking of Media
- How? (i.e. Through email? Send hardcopies of media schedule to vendors?)
- What documents are required from the vendors before they can proceed with booking of your media? Are all the vendors’ requirements the same – OOH, Print, Radio, Digital? If no, please state what is the difference.
- What do they provide to show that media has been booked? Booking Order? Some form of documentations?
2/ Payment to vendors
- When do you pay the vendors? (i.e. some markets pay their vendor once campaign launched, some pay only when campaign ends, etc)
- Does the vendors send invoice prior to your payment? If no, please skip this and answer the question below.
- What does the vendors provide you before your finance team pay them? Purchase Order? Some form of documents? Email approval from you?
- What is the usual payment terms? 30 days?
- In China, invoice is regarded as receipt – Is it the same in your market? Do you received 3rd party invoices after you make payment?
Thank you all! Would appreciate if you can send the response by tomorrow morning. I reckon most of your steps are pretty straight forward so that should be a quick response. Get this out of the way and I promise not to bug you with processes….. for a while. :p This is the final step before we finalized the standard procedure with EM and we need to do it quick so that we can get all the payments sorted quickly.
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