If you’re not already, it’s time to start asking questions about your accounts payable.
- How do you pay your suppliers? When?
- How long does it take an invoice to be paid?
- What strategies do you have in place to maximize your benefits?
Your AP department shouldn’t just be about a process. It should give your company leverage with suppliers and earn revenue for your bottom line. You can find a great deal of cost savings and new opportunities within your everyday processes. You just need to know where to look.
Your AP department might be guilty of a few of these mistakes. Let’s talk about them and how to fix them, or better yet, avoid them altogether.
Check out this ebook covering the 5 mistakes AP departments make (and how to avoid them).