Process & Principles

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A periodic process review of AP allows finance to identify and correct inefficiencies that are chipping away at the bottom line. “Many AP processes and procedures have evolved over time, and are

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The AP department at Briggs & Stratton Corporation (Wauwatosa, WI) was experiencing a number of challenges that led AP manager Al Barrett, CAPM, to implement a new process of measuring

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Application "It's like punching a giant marshmallow-it's so hard to make a lasting impact," exclaimed a frustrated manager trying to effect change. How do you overcome the inertia and even opposition

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By Wayne Smith If you aren't already measuring the effectiveness of your accounts payable operation, one good place to start is by looking at a critical AP metric: days payable outstanding, or DPO.

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Benchmarking Borrow …, adopt, adapt, advance! Imitate creatively, adapt innovatively - Christopher Bogan So you have mapped your processes and gathered metrics. In the quest to improve processes to

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While his accounts payable department is working like a well-oiled machine today, accounts payable supervisor Devin Prouty and his team at The Church of Jesus Christ of Latter-day Saints (Salt Lake

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Define and Research Facts are stubborn things. — John Adams Metrics and benchmarks provide a solid foundation for improvement. Trying to bring about change is a tall order, whether persuading

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By Pam Miller, APMD Consultants and other experts who discuss the state of accounts payable often talk about the transition AP is making from focusing totally on transaction processing to performing

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Metrics are critical for understanding an accounts payable operation and for assessing the impact of any changes made to that operation to achieve organizational goals. In a survey conducted by IOFM

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The Set up: What Metrics Can Do This is the first in a series of articles on metrics and benchmarking and their role in AP process improvement, employee growth, and savings to the bottom line.

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