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.
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.
Accounts payable (AP) leaders have long dreamed of the day when invoices arrived electronically.
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It’s great to be back on the road. Like many professionals, I experienced a halt in business travel over the last 20 months. From both a professional and personal perspective, I looked forward to that face-to-face contact that’s critical to the sales and networking experience.