How businesses can think more strategically about accounts payable and accounts receivable
Your company likely has a detailed growth strategy that covers everything from marketing and sales to product development and strategic partnerships.
But do you have a payments strategy?
You might approach accounts payable (AP) and accounts receivable (AR) as a necessary part of doing business, with little innovation or strategy required. Perhaps you receive a bill, wait 30 days, then mail a check. Or maybe you send out an invoice and hope to get paid as soon as possible. If so, then it might…