Team With Treasury to Improve Cash Management and Forecasting

The increasing emphasis on managing cash and improving forecasting has caused many AP and treasury departments to ramp up their communication and cooperation. Here are some tips provided by IOFM readers to get you started. 1. Invite a representative from treasury to talk to the AP staff. The speaker can explain what treasury does and how they do it. Another idea is to initiate roundtable meetings with AP and treasury to better clarify the issues that AP and treasury deal with. Both…