Benchmarking

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Days Credits Outstanding – a new metric for managing cash flow

Days Sales Outstanding (DSO) and Days Payables Outstanding (DPO) are important, widely used metrics to manage working capital.  Financial managers monitor these statistics very closely and regard them as key performance indicators as they work to maximize overall cash flow as well as transactional efficiency.   Through our audit work communicating with extremely large numbers of [...]

By | August 24th, 2014|Categories: AP Industry|Tags: , , , , , |0 Comments

Vendor Statement Audit – A Best Practice for AP Departments (Part 1 of 2)

Since the beginning of the recovery audit industry, traditional firms have focused their attention on client AP data to perform recovery reviews.  Statement auditing (the practice of collecting and reviewing supplier AR records) required a different process than a client-side review.  Due to manual labor and outreach requirements, traditional firms review only a small subset [...]

Lavante and Ariba highlighted for New Cashflow Metrics

AP Matters Magazine highlighted Lavante in a recent article in their September/October edition. The Article features conversations with executives from Lavante and Ariba discussing how their firms are creating new cash flow metrics that are helping financial executive watch there bottom line a little more closely. Joe Flynn, CEO of Lavante discussed how Lavante's DCO [...]

Maintaining Supplier Data and Information to Maximize ERP Systems and 1099 Reporting Compliance (Part 1)

Supplier information is integral to optimizing your relationships with your suppliers and for maximizing the value from your ERP system and other automated solutions.  Used correctly, a well kept supplier master data file is a strategic asset that can be leveraged into time savings, resource savings and dollars to your company’s bottom line. The biggest [...]

Dynamic Discounting

In my very unscientific research I have come to discover that Dynamic Discounting is all the rage, but that doesn't exactly mean people are doing it.  During the "Changing Role of AP/AR" panel discussion at last Wednesday's Masters Session a number of the panelists and and brave souls from the audience spoke very openly about [...]

IAPP Masters Session at FUSION 2010 (part 1)

There is a wonderful story behind IAPP/TAWPI's Master's Sessions at FUSION2010... In addition to record attendance, five guided service provider tours and a blockbuster announcement about the merging of IAPP/IARP & TAWPI, FUSION 2010 also saw the introduction of a brand new track specifically designed for CFO, Controllers and Directors in Shared Services. The track [...]

Supplier Credit Recovery

Supplier credit benchmarking from the front lines. Every industry has its fair share of reports, surveys, data points, and sound bites.  The Profit Recovery industry is no different.  In the last few years we have performed quite a bit of analysis and benchmarking to uncovered some compelling data about recovering credits from your vendors and suppliers. [...]

IAPP Masters Session

From the IAPP website:  THE MASTERS SESSION (At Fusion 2010 - for CFOs, Controllers, and Senior Shared Service Leaders) Wednesday, May 12, 2010 9:45 am - 5:15 pm The Masters Session is not a seminar. It is an opportunity to engage in thoughtful discussion with your peers in the business world. There will be no [...]

The Power of the Software Demo

I have noticed a pretty compelling trend as it relates to our sales cycle and trade shows. Most shows in the AP space place a heavy emphasis on attendee education and offer a number of tracks for everyone to attend and learn about the latest trends in the Accounts Payable.  All of these shows accept sponsorship from service providers [...]

Days Credits Outstanding – a new metric for managing cash flow

Days Sales Outstanding (DSO) and Days Payables Outstanding (DPO) are important, widely used metrics to manage working capital.  Financial managers monitor these statistics very closely and regard them as key performance indicators as they work to maximize overall cash flow as well as transactional efficiency.   Through our audit work communicating with extremely large numbers of [...]