Why Paying Your Bills Efficiently Is a Money Maker

Top-performing organizations centralize their bill-paying operations. As part of a plan to achieve best-in-class performance, companies need to strive for enterprise-level visibility of accounts payable functions and execute a payments strategy that optimizes working capital.

This paper explains:
  • Why the ability to regularly take early-pay discounts and integrate supply chain finance capabilities into A/P processes is more important to internal company finances than many executives appreciate;
  • The cost advantages best-in-class performers gain through automation and centralizing of A/P functions, based on a survey of more than 1,000 A/P departments;
  • How cost containment and cash management strategies affect companies' market valuations;
  • The five criteria that leading companies use to gain competitive advantage from A/P;
  • The four most important criteria used by top-performing A/P departments to measure success;
  • Three key steps to developing best-in-class A/P performance.

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