Cycle Time in Days from Receipt of Invoice until Approved and Scheduled for Payment
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 more broadly. But AP teams do not work in a vacuum—process excellence is at least partly a product of collaboration with other areas across the business.
This infographic reviews the metric data for "Cycle time in days from receipt of invoice until approved and scheduled for payment" and provides four process improvement practices to improve your AP cycle time.
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