There comes a time in every procurement lifecycle when payments must be made. In the past, invoices were simply about paying suppliers as effectively and economically as possible.
But gone are the days of viewing payables as a mere liability. Thanks to new working capital techniques, you can use invoices to:
Drive early pay discounts
Lower processing costs
Increase cash earnings
In Chapter 7 of Agile Procurement in an Age of Change, we’ll show you how to transform your payables from a balance sheet liability into a tool to mitigate supply chain risk, foster lasting supplier relationships, and boost your social responsibility and brand reputation.