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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Regardless of which ERP your team is using, traditional paper-based accounts payable processes being run through any ERP make it difficult for teams to focus on their core duties: managing accurate and timely closing, avoiding late payments, obtaining quick pay discount, and maintaining detailed transaction records.View Whitepaper
If we’ve learned anything in 2018, it’s that accounts payable is clearly going through a revolution. Forward-thinking executives now view accounts payable as a key way to gain a strategic edge in how they run their companies.View Whitepaper
The ‘Defining Modern Accounts Payable’ survey compiles responses from hundreds of account payable professionals across industries and seniority levels. The purpose of this report is to determine what constitutes a Modern AP Process and compare performance of Modern AP Processes to Non-modern AP Processes.View Whitepaper