The CFO’s Guide to Strategic Accounts Payable
CFOs at mid-size businesses that strive to eliminate inefficiency from everyday business processes – by elevating the activities of their accounts payable staff to the strategic level – can generate several key benefits for their companies. AP teams that work more efficiently can effectively manage short-term cash flow. They can also focus on nurturing vendor relationships so that the company has greater flexibility to negotiate the delaying of invoice payments when needed.
In this Whitepaper, we cover:
- Why your accounting team is stuck in the world of “number crunching”
- How to elevate accounts payable to a more strategic level
- The benefits of automating accounts payable
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Inefficient processes and fraud within accounts payable can be a drain on a company’s time and money. On the other hand, AP can foster beneficial vendor relationships, improve accounting processes, increase cash flow and generate additional revenue. The difference lies in the priorities set by the AP team.View Whitepaper
On an annual basis, companies waste $550 billion on inefficiencies associated with payments. The process of preparing payments and sending them to vendors is extremely manual. In this paper, we look at how automation technology enables you to optimize your payment […]View Whitepaper