Monday First Thing

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 [...]

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 [...]

A Connecticut man recently pleaded guilty to defrauding the owners of a Stamford ice rink, where he worked as general manager, of nearly a half-million dollars. Stamford police said the man had been stealing the money from the owners of the ice rink for 15 years. The man was responsible for managing and overseeing the [...]

Most people rightfully assume an unpaid invoice is a liability. After all, an invoice means you or your organization owe another organization or person payment for goods or services they provided to you or your firm. Payment terms are almost always stated on the invoice and typically specify that the buyer has a maximum number [...]

There has long been a common misconception that all Accounts Payable does is pay bills. Anyone who works in AP or with knowledge of today’s AP function knows, nothing could be further from the truth. In Ardent Partner’s recent ‘State of ePayables 2018’ (click to download) research report, one of the things we set out [...]

It’s 11pm on Monday night and I am on hold with my airline trying to get through to an agent to change a flight I have for the next day. The airline, at 10:23pm, sent me an email about possible travel disruptions the next day due to weather (thunderstorms) and said I could change my [...]

Last week I discussed ‘Taking Accounts Payable to the Next Level’ and transforming the accounts payable (“AP”) function from a tactical operation to a strategic one. I spoke about leveraging technology to facilitate this transition and the benefits to be gained. One of the biggest impediments to becoming more strategic is having to deal with [...]