accounts-payable-kpis

Accounts payable KPIS | Getting the most out of the Accounts Payable Department

Effective management of working capital, defined as current assets minus current liabilities, is one of the oldest practices of financial management. Following this practise the maxim was developed that short-term needs should be financed with short-term cash; and long-term needs should be financed with long-term sources. The underlying goal for the business is therefore essentially to reduce operational risks and costs of financing. This is measured in organizations with the accounts payable KPIS we are going to be talking about in the following paragraphs. 

KPI for Accounts Payable

3 essential KPIs for Accounts Payable Management

A recent "Metric of the Month" from CFO.com shows us the damage that late payments can cause in the relationship between buyer and seller.  

Reasons for outsourcing accounts payable

10 reasons to consider outsourcing Accounts Payable tasks (Part II)

Our last post consisted of the first part of the reasons for, or that should at least be considered, in the outsourcing of AP tasks.  In that post we spoke about the justifications, such as cost optimization, process automation, application of workflow technologies and solutions, cost flexibility or the standardisation of costs.  

outsourcing accounts payable

10 reasons to consider outsourcing AP tasks (Part I)

95% of companies listed on the NASDAQ have outsourced part or all processes associated with Accounts Payable (AP), while in Spain, currently only 17% of companies in the IBEX have adopt this strategy of outsourcing. Many AP departments use outsourcing as a way to improve the operation of its processes, but outsourcing does not have to be complete, hence, depending on what is not outsourced, and to what extent, benefits arising are different.

eliminate the I in ROI

Remove the "I" of ROI (Return On Investment) in Invoicing processes

Ironically, the phrase “To save money you have to spend money” is accepted as an axiom.

Based on the concept of "return on investment" for years companies have invested huge amounts of money on the latest and most efficient technologies with the expectation of maximizing profit, only to be disappointed in the long run.

Policies based on outsourcing are based on financial strategies transforming CAPEX into OPEX strategies.

business process outsourcing

Business Process Outsourcing: Why not Outsource Accounts Payable?

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 are not aligned with the main business objective the Company are likely to be delegated to third parties.

accounting outsourcing

Accounting outsourcing:The 4 best ways that CFOs maximize ROI with outsourcing AP

The 4 best ways that CFOs maximize ROI with accounting outsourcing 

If you ask finance executives their opinion of AP (Accounts Payables, Supplier Accounting), chances are we all give a similar response: AP is the cost of doing business.

invoice problems

Invoice problems: The problems of long invoices

The Accounts Payable department receives invoices in all forms and formats imaginable. In this entry we will analyse the multi-page invoices which require an individualized and detailed treatment of the information contained. 

ERP-implementation-challenges

ERP implementation challenges with AP process

On average, companies change their ERP every 8 years.  One of the tasks that takes most time is the analysis of the purchasing process and provider invoices or accounts payable (AP) for its adaptation to the new system.  The simple process of registering invoices take on average 18% of the implementation time.

invoice digitalization

Is invoice digitalization the solution to the AP problem?

Among all the initiatives that are taken to improve the  procedures of the provider invoice process, there is one that stands out: invoice digitalization.

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