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The Hidden Costs of Accounts Payable Processing

 
  Arthur F. Rothberg, Managing Director, CFO Edge, LLC  
   
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  Article Summary  
The hidden costs of accounts payable processing may not occur to all Los Angeles and Southern California business leaders, but their presence erodes margins and drives down profitability.

Numerous studies have shown dramatic high-to-low ranges for average accounts payable (AP) processing costs at top, median and bottom performing companies.

Inefficiencies of non-automated billing and payment processing are successfully resolved with electronic invoice presentment and payment - or EIPP - technologies.

In addition to reduced costs, benefits of EIPP systems include greater payment accuracy, increased invoice visibility, and improved cash management.

Executives wanting to realize these benefits may be interested in talking with a CFO services professional.

As a former enterprise CFO and business performance advisor to firms with AP challenges, a resource of this nature brings a proven track record of assessing accounts payable processes and implementing the most effective solution.

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