Managing Cash Flow - The Importance of AP

Cash is king. While this phrase has become one of the most worn-out clichés in the business world, it doesn't diminish the truth of the statement. A business is not a business without cash. Cash flow is the movement of money in and out of an organization. The goal is for an organization to receive cash from their customers before paying their vendors. However, typically the opposite happens and organizations find themselves caught in a negative cash flow situation, referred to as the cash flow…