Process

Last week, I discussed the challenges Accounts Payable (“AP”) and Procurement organizations face attracting talent in today’s hyper-competitive labor market. This week I want to cover the second half of the ‘New Approach to Procurement Talent Management’ session I moderated at Ardent Partners’ CPO Rising 2018 Summit in Boston last month. This portion of our [...]

A couple of weeks ago I had the honor of moderating a panel discussion on talent management at Ardent Partners’ CPO Rising 2018 Summit in Boston. My expert panel included Ryan Murray, Deputy Chief Procurement Officer, New York City, Vincent Pernetti, Deputy Director of Contracts, New York City and Christopher J. Dwyer, VP of Research, [...]

Every now and then we all need to take a step back and thank those around us for helping us on both a personal and professional level. Accounts Payable (“AP”) interacts with many groups that are critical to its’ ultimate success. And as AP leaders head back to the office from what was hopefully an [...]

There are many paths to Procure-to-Pay (P2P) excellence and many starting points. A P2P automation project may start with a focus in one area within either accounts payable (AP) or procurement or it may pursue a “big bang” strategy; no matter the initial project approach or budget, one unifying characteristic of Best-in-Class P2P organizations is [...]

[Editor’s Note: It’s “CPO Rising Week”, and the Ardent Partners research team is highlighting the great agenda and speakers from the CPO Rising 2018 Summit. If you were unable to join us at the Summit, have no fear, you can attend our complimentary webinar Voice of the CPO: Highlights from the CPO Rising 2018 Summit, [...]

Early payment discounts, dynamic discounting (DD), supply chain finance (SCF), the time value of money, the cost of capital, the cash conversion cycle, days sales outstanding (DSO), days payables outstanding (DPO), and much more all need to be taken into account when planning and implementing a successful payments strategy. The amount of data that needs [...]

Last week we discussed the relationship between the Time Value of Money (TVM) and capturing supplier discounts. This week we continue our conversation on discounts by taking a look at Dynamic Discounting and Supply Chain Finance (SCF). These two concepts are used interchangeably by some, and are no doubt closely related, but each has its’ [...]

What do early payment discounts and the ‘Time Value of Money’ have to do with one another? In a word, everything. If you’re in Accounts Payable (“AP”) or P2P, you may have never associated one with the other. But they are very much intertwined in the entire ePayables process. In my experience, core finance concepts [...]

Where does the most money flow out of an organization? No, it’s not fraud, theft, or even sales meetings. The simple answer is Accounts Payable (“AP”). Since AP pays all the bills of an enterprise, it is not surprising that more money flows out of it than any other part of the organization. Over the [...]

[Editor’s Note: This is the last week you will be able to download Ardent Partners’ annual AP-themed report, The State of ePayables 2018: The Future of AP is Now. Download the report before it’s gone! By now, we’ve already discussed the stats: 52% of organizations polled during our annual survey perceive the accounts payable (AP) function as [...]