Cash-Flow Management Methods for AP and AR Departments

Accounts payable and receivable managers are on the front lines in the company's battle to manage cash flow. Their responsibilities break down into two parts: to implement and oversee their department's tactics, and to watch for and report challenges and opportunities.  This article explores ways that AP and AR managers can fulfill both these responsibilities. To manage cash flow means to take an active role in determining the speed at which money comes into and goes out of the business. For…