Working capital management is a hot topic for organizations worldwide. In fact the amount of working capital held by a company is a primary measure of its operational health because it indicates a steady top-line and an enhanced ability to manage costs.
Working capital is essentially influenced by accounts receivables, accounts payables and inventory. So it stands to reason that optimizing working capital requires an orchestrated source-to-settle process in which accounts payable is both the conductor and the soloist who plays the coda - providing overall working capital visibility and those final, strategic notes in the movement of cash.
Download this whitepaper now to discover how “Supplier Information Management” can be used effectively by the Accounts Payables department in collaboration with Treasury to provide insights and help improve the working capital metrics of a company.