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Supplier Information Management: The Key to Unlocking Working Capital
Working capital management is a hot topic for organizations worldwide. 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 plays strategically important role - providing overall working capital visibility and supplier risk management.
Key Take-ways:
- How AP-Treasury synergy frees cash flow?
- Key strategies to optimize working capital
- Role of Supplier Information Management in working capital optimization