12 Ways Accounts Payable Can Ease Your Company’s Cash Flow Woes

Any effective cash management strategy must include consideration of the accounts payable function. Unfortunately, the tactic most companies employ as soon as cash gets tight is for upper management to instruct AP to stretch payments. This is done in the mistaken belief that stretching payments will solve the problem. As those in AP know, this “solution” only creates new and more complex problems. There are a number of other things AP can do, however, to assist management in preserving…