Improve Inventory Accuracy for Better Cash Management

Inaccuracy in the areas of receiving and supplier return processing has a real impact on AP efficiency and on timely payment processing. “Each match failure costs four to six times what it costs to efficiently post an invoice,” points out Al Barrett, Shared Services Manager at Briggs & Stratton Corporation. At a time when the AP department at Briggs & Stratton was experiencing challenges with receipt-to-invoice matching, Barrett, working in production control at the time, was offered an open…