4 Strategies for Faster Approval and Payment Scheduling in AP

Published On:

September 20, 2024

Authored By:

APQC

Public Content:

An optimized accounts payable (AP) process not only helps organizations take advantage of early pay discounts and favorable payment terms but is vital for cash flow management. In this article, APQC® reviews cross-industry data for the cycle time in days from the receipt of an invoice until it is approved and scheduled for payment. After breaking down the data for this measure, we provide four process improvement practices that can help shrink your AP cycle time.

Type:

Articles

Topics:

Finance and Accounting, Accounts Payable

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