Best practice for reducing DPO

September 15, 2021
September 15, 2021


Q. I would like to connect with other AP Managers to discuss best practices in reducing the number of days invoices are outstanding using the Invoice Aging Report as a tool and also how to utilize the purchase order receiving records to address outstanding invoices.  A. (Answered by the IOFM Advisory Panel) ----- 1. First, determine both what is holding up the invoices and why they are aging.Ask the following questions: Is AP experiencing workflow and processing problems? Are multiple AP…

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