Accounts Payable Takes Center Stage In Cash-Constrained Economy
Here's what top performers in terms of A/P practices now understand: If one wants to maximize cash management, one needs to optimize visibility and transparency, strengthen controls and enhance operational efficiencies around accounts payable - all without added expense. Achieving this objective successfully promises a rapid return on investment at a time when cash is critical to operations. It also elevates the finance executives who embrace these practices - underscoring their vital impact on company operations and performance. Today's best practice firms have actively considered the tradeoffs associated with insourcing, outsourcing and smartsourcing accounts payable. They've taken the steps necessary to strategically manage their cash and capital.