Waiting to pay a bill as late as possible may be a very short-term strategy, but it can be significantly penalizing. A common theme in cash flow theory is to pay supplier invoices as late as possible while collecting from...
Business trips, customer visits, events, and meetings are on the rise, and with them, travel expenses. The Global Business Travel Association (GBTA) forecasts an increase of up to 8.6% in global business travel spending this year. Macro trends,...
This article is the third in a series of three, entitled "Getting the Most Out of the Accounts Payable Department," in which we discuss basic concepts that influence the productivity of Accounts Payable departments: In the first article in the series...
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...
