Take Control And Optimize Accounts Payable
Companies can benefit enormously — both in cost savings and improved supplier relationships — by questioning the status quo in Accounts Payable (A/P).
For instance, why are you paying a particular supplier by check? Would you benefit if you made that payment electronically — say with a commercial card or through the Automated Clearing House (ACH) network? Similarly, why are you paying an overseas supplier in U.S. dollars? Would there be advantages to paying that supplier in its local currency? And what about the processes you use to initiate and manage those payments? Are there opportunities to bring automation to bear and become more efficient?
