The evidence is clear: Best-in-class businesses have more than 4X the rate of visibility into organizational cash flow compared to their peers.
More than 68% of all executives identify improving visibility into cash flow as the most critical finance and administration priority, yet over 75% of businesses were found to lack the necessary tools and procedures to manage their AP and supplier payment operations effectively.
In 6 Ways to Improve Cash Flow, the Institute of Financial Management (IOFM) provides financial executives and controllers with guidelines on:
- The 4 most damaging symptoms of AP bottlenecks
- The 6 cash flow benefits of automating supplier payment operations
- Two case studies of real companies who streamlined their AP processes and tangible ways it improved business performance.
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