AP's Impact on Cash Flow

“Cash is King” is a phrase often used to describe what truly matters when managing a company and reporting its financial results to its stakeholders. Each department in a company directly or indirectly impacts its ability to generate or preserve cash. The Accounts Payable (AP) Department has a direct, visible and significant impact on cash flow. How an invoice is received, processed and paid affects a company’s cash position. Consequently, the management of the various AP processes such as…