The accounts payable invoice approval process, which is part of the AP invoice processing and payment processing workflow, is an area that your business can streamline with BPI to yield significant cost-savings benefits.
Accounts Payable Hub
When it comes to global supplier management, things can get complicated quickly. Every country has its own regulations and you need to know it all. Changes can happen by the day or even by the hour. The task of managing all supplier data can be quite cumbersome and oftentimes, even challenging. So what are the best ways to ensure these global suppliers are market-compliant and on track?
If you’re evaluating how to improve accounts payable turnover ratio and related AP turnover in days, consider these strategies and best practices. AP automation software is an essential tool for achieving optimal AP turnover days. These recommendations will help your business cut costs, see trends, take early payment discounts, meet suppliers’ needs, recognize financing needs, and better manage cash flow.