Monday First Thing: A New Approach to Talent Management (Part I)
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…
Monday First Thing: What Are You Thankful For?
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")…
Monday First Thing: What Does It Take to Implement a Successful Payment Strategy?
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…
Monday First Thing: What’s the Difference Between Dynamic Discounting and Supply Chain Finance?
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…
Monday First Thing: Early Payment Discounts and the Time Value of Money
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…
Monday First Thing: Fraud on Ice
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…
Monday First Thing: Unpaid invoices: Liabilities or Assets?
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…
Monday First Thing: Proof that AP is Broadening its Value To Organizations
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…
Visibility, Expectations, and Experience: Why Delivering Top Customer Service Matters to AP
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.…
Monday First Thing: Exceptions are Meant for Learning, Not Repeating
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…