accounts payable

Home/Tag: accounts payable

Punchout Lowers Procurement Costs And Improves Working Capital Performance

Accurate measurement of days sales outstanding (DSO) and days payable outstanding (DPO) are critical for assessing overall corporate financial health, since total working capital performance can only be determined when DSO and DPO are used in conjunction with days inventory outstanding (DIO), days working capital (DWO) and cash conversion cycle (CCC) metrics. The impact of an effective punchout process on the financial health of an organization can be significant since DPO can now be more actively and intentionally managed as a factor in optimizing working capital performance.  Seamless - The buyer accesses the supplier’s ecommerce store directly from their internal [...]

By |2019-03-18T16:04:17-04:00March 18th, 2019|Business Process Automation|0 Comments

Procure to Pay, The Last Guy Picked in Dodgeball

For those of you old enough to remember grade school dodgeball, you might recall the very uncomfortable process of selecting teams. There had to be someone who was picked last. I felt sorry for the poor classmate who was left in that last slot, and more often than not felt sorry for myself. I feel the same way about the procure to pay (P2P) business process. Procure to pay is a staple of most businesses. Businesses need to buy things. Other businesses that sell things want to get paid for the things their customers buy. The buying company wants to [...]

This website uses cookies and third party services. Please review our privacy policy for additional information. Do you consent? Yes