AP efficiency

Supplier payment analysis that reduces operational variation, improves cash management and margins.

Enterprises

Who want to improve the efficiency of their accounts payable operation

Fintechs

Who want to assess accounts payable efficiency

The challenge

Many businesses still use a mix of payment methods—ACH, wire transfers, credit cards, and paper checks. This creates operational inefficiencies, adds complexity, and increases the chances of errors and fraud

Without clear, consolidated data on payment terms, finance teams struggle to identify opportunities to harmonize payment schedules.

Many businesses miss out on early payment discounts due to slow or inefficient processes.

Inconsistent payment terms across different suppliers cause variances in the accounts payable (AP) process, complicating cash flow management.

The solution

Develop and deliver a strategy to improve accounts payable efficiency by identifying the opportunities to migrate spend to electronic payment options, streamline approval processes, and harmonize payment schedules.

  • Opportunity analysis reports assesses the key areas for improvement.
  • It assesses the potential impact changes will bring to inform discussions on effort vs value.
  • Group suppliers into segments to view the proposed changes by cohort.
  • Provide progress updates on changes to measure results.

How it works

  1. Connect your ERP and other systems such as AP automation, Source to Pay and Payment systems.
  2. Provide historic transaction data for AI analysis.
  3. Review opportunity assessment.
  4. Identify the supplier segments that you will introduce changes for.
  5. Receive regular update reports to measure progress.

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