In a profession where change has historically been eschewed for the tried and true, accounts payable (AP) professionals must feel like things are coming at them a million miles an hour these days.
After two years of defensive financial measures, businesses are ready to grow again.
Can’t live with them, can’t live without them. That pretty much sums up the way that most accounts payable professionals feel about their enterprise resource planning (ERP) platform.
Cash flow or cashflow – one word or two? Even my mentors in fin-tech may disagree on the spelling, but we all agree that cash is the lifeblood of a company. For the record, I prefer to spell it in two words.
It has become increasingly important for a business to use their cash flow as a strategic financial tool to promote growth. To optimize business cash flow, both assets and liabilities need to be effectively managed.
The past two years have been a whirlwind for accounts payable leaders. New ways of working. New operational challenges. New fraud and compliance risks. But those changes will pale in comparison to those the accounts payable function will experience over the next three years.