AP and Cash Flow: When Cash is Tight

Early in the 21st century in the recession-stricken Silicon Valley, where venture capital-backed firms were stretching their revenue way further than they had to during the flush 1990s, the accounts payable staff was the "unsung hero … in this tumultuous time." That was the perspective of corporate financial management consultant Richard Brenner, president of The Brenner Group in Cupertino, Calif., who says accounts payable professionals took it on the chin for their companies. "This is the…