Accounts payable (AP) can drive enterprise value through two important avenues: lowering costs by increasing operational efficiency, and collaborating with trading partners to capture discount-based savings and improve supplier relationships.
This study, conducted in March and April of 20l2, is based on the responses of over I80 organizations to an Aberdeen survey exploring how Best-in-Class enterprises are improving both the internal and external facets of their financial operations. The Best-in-Class provide a clear example of the benefits driven by managing AP as part of a wider, networked economy.