A market study conducted in Spain, under the direction of easyap, reveals that 87.9% of companies have not implemented methods to measure the efficiency of their Accounts Payable departments. Even more surprising is the fact that 43.2%...
This article is the second in a series of three, entitled "Getting the Most Out of Your Accounts Payable Department," in which we discuss basic concepts that influence the productivity of Accounts Payable departments. In the first article in the series...
Effective working capital management, defined as current assets minus current liabilities, is one of the oldest practices in financial management. This practice gives rise to the maxim that short-term needs must be...
A recent "Metric of the Month" from CFO.com shows us the damage that late payments can cause to the relationship between buyer and seller. In this post, we will analyze the three essential accounts payable indicators, based on proven metrics....
Last week we published the first part of this compendium of reasons why it is interesting to consider, or at least study, the outsourcing of AP tasks. There we discussed justifications such as cost optimization, automation of...
95% of companies listed on NASDAQ have outsourced part or all of their Accounts Payable (AP) processes, while in Spain, only 17% of companies listed on the IBEX currently adopt this strategy...
Ironically, the saying "To save money, you have to spend money" is accepted as an axiom. Based on the concept of Return on Investment, companies have invested enormous amounts of money over the years in the latest and most efficient technologies...
If you ask finance executives for their opinion on AP (accounts payable, vendor accounting), we are all likely to give a similar answer: AP is the cost of doing business. However, there are CFOs with a positive attitude...
We all know the answer to the question: What can potentially be outsourced? Those processes and tasks that do not add value to the company or that are not aligned with the company's main business objective are likely to be delegated to third parties....
