Holistic approach to Accounts Payable
by Kylene Casanova
Your accounts payables are a treasury trove of hidden opportunities to generate new income/increase gross margins and help your suppliers’ cashflow/secure your supply chain. There many different options and techniques, but how do you put them all together in the most effective or holistic combination?
C2FO, the provider of a Collaborative Cash Flow Optimisation platform has been looking at this. Obviously looking to demonstrate the advantages of their C2FO platform. Nevertheless, their analysis is interesting and important.
Holistic approach
C2FO believe that there is no single solution. A combination of Purchase cards, their unique dynamic discounting platform and supply chain finance is required:
Source & Copyright©2013 - Pollen, Inc.
Then companies should try to direct(encourage?) the remaining suppliers into using C2FO or purchase cards.
Comparison of tools for maximising accounts payables
C2FO has an interesting view on the various strengths and weaknesses of solutions for maximising accounts payables:
This table is clearly biased to show off C2FO’s platform merits, but the table contains important thoughts and data. What combination of these tools is your company using to maximise the returns from your account payables and protecting your suppliers?
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