This report highlights the approaches accounts payable (AP) can take to improve real-time visibility and accuracy into current and future liabilities. These methods give AP more control and precision around the outflow of cash, thereby improving the management of working capital.
An excerpt of the report on how to optimize working capital is located below.
In the present business environment, an increasing number of enterprises are looking to implement working capital optimization strategies in order to improve balance sheets as well as fund investments and fuel growth. Accounts payable ("AP") represents one of the main opportunities to optimize working capital. However, it is not easy to accomplish this in a sustainable manner without some level of automation in the AP process. This report explores the opportunities that exist within AP to impact working capital management.
The report, available at the above link, was prepared by Ardent Partners and sponsored by U.S. Bank.