VSPT earned recognition as a leader in timely payment in Chile
Based on a sample of 12,500 public and private sector organizations, VSPT Wine Group, one of the world’s top 20 wine producers, earned a place among Chile’s 58 best-paying companies. The Commodities Exchange, the Association of Entrepreneurs of Chile (ASECH) and the El Mercurio newspaper awarded the recognition.
The second version of this award analyzed payment behavior between July 1, 2023 and June 31, 2024, for 12,500 public and private sector companies. A select group of 58 organizations qualified as Best Paying Companies by standing out within their economic sector and/or on general payment parameters (most suppliers, lowest average discount rate, shortest overall payment term, highest amount paid on invoices and shortest notification period).
The Commodities Exchange and ASECH developed the scoring system to select winners based on official data from the invoices furnished to the Commodities Exchange.
VSPT CFO Vicente Rosselot commented, “Paying our suppliers on time is a matter of accountability toward them. We want them to develop, too, and cash flow is important to them. When you process payments promptly, I believe you support suppliers, and they can grow.”
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