Transcription of Strategies for optimizing your accounts payable
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Strategies for optimizing your accounts payable
Make your working capital work for youStrategies for optimizing your accounts payablePart of the Deloitte working capital series2 The Deloitte working capital seriesStrategies for optimizing your accounts receivableStrategies for optimizing your accounts payableCash managementStrategies for optimizing your inventoryStrategies for optimizing your accounts payable 1In today s business climate, organizations in every sector are under pressure to do more with less. That means businesses cannot afford to squander opportunities to free up their working capital.
eProcurement system, for instance, you can communicate electronically with vendors and customers to automatically generate purchase orders (POs) for each new order, electronically validate and accept invoices, approve requisitions, track goods received and pay invoices on a timely basis. Depending on the level of automation
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