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AP Amid Tough Times: How One Ap Manager Eased Her Company's Cash Flow Woes

Date Added: Jan 2010
Format: HTML

Accounts payable are debts resulting from purchasing assets or receiving services on credit or on an open account. Virtually every AP department is getting pressured to help its company enhance cash flow. Business is down, bank borrowing is tight, and corporate balance sheets are a mess. Fortunately, AP is in a position to come to the rescue. This paper gives one AP manager's story.