Strategies that power the potential of A/P optimisation

Mike Jorgensen

Journal of Payments Strategy & Systems, 2016, vol. 9, issue 4, 290-295

Abstract: This paper focuses on how to align an organisation with best practices to optimise Accounts Payables (A/P) processes to improve working capital position. It references an Aberdeen Group report from September 2013, where business leaders outlined their top priorities: ●● Operational efficiency and cost containment ●● CFOs favour technology to better control cash flow and fraud ●● Companies are not able to process paper-based reviews and approvals in time to capture early pay discounts The paper addresses these top priorities and goes through how to create an effective payment strategy. The process includes supplier segmentation, defining the payment strategy, supplier enrolment and management and ongoing payment strategy management.

Keywords: working capital; payment strategy; operational efficiency; accounts payable; supplier segmentation; supplier enrolment (search for similar items in EconPapers)
JEL-codes: E5 G2 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jpss00:y:2016:v:9:i:4:p:290-295

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