Make your working capital work for you: Strategies for optimizing your accounts payable

Take accounts payable out of the back office. If you think accounts payable is just about paying invoices on time, you aren’t realizing how important this function is to your core strategy. You don’t have to implement a costly organizational overhaul — there are a number of ways accounts payable can strengthen corporate cost management, reduce process complexity, minimize the risks associated with routine transaction processing and enhance vendor contract compliance.

Make your working capital work for you: Strategies for optimizing your accounts payable is the second in our working capital series, which identifies actions you can take right now to free up cash. While there are numerous options, this series focuses on four core strategies:

• Accounts receivable
• Accounts payable
• Cash management
• Inventory 

This second installment looks at accounts payable.

To learn how these best practices can help you outperform your competitors, download our report now