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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The old adage is true: if you don’t measure it, you can’t improve it. Measuring success in accounts payable can be deceptively complex. Just because vendor invoices are getting paid doesn’t mean that your AP process is optimized for efficiency and value.View Whitepaper
An accounts payable team that uses NetSuite to manage the AP process has taken its first step away from performing inefficient tasks and its first step toward improving cash flow and minimizing overhead. The next step in that journey is to enhance their ERP with a strategic approach to their vendor payment process.View Whitepaper