6 strategies to optimize your accounts payable & fuel your business growth
TRANSCRIPT
6 Strategies To Optimize
Your Accounts Payable &
Fuel Your Business Growth
FAS - FONTANILLA ACCOUNTING SOLUTIONS, KATY TEXAS
Centralize your
accounts
payable
All employees must follow
established practices and
standards.
Accounts Processing
and Reporting
Automate your accounts
payable systems
Ditch the papers and move to
automated systems to
improve your productivity
pace and avoid delayed
invoicing and payment
receivables.
Electronic Data Systems
and Processes
Implement a
robust internal control practices
You can reduce the risk of
manual error with a
strengthened internal control
practices on accounts
payable processing.
Internal control and risk
management
Set -up
e lec t ron ic
por ta l fo r
supp l i e r s
Cut your time in order
processing with a centralized
portal for suppliers that can
track orders, deliveries,
payments, etc.
Centralized supplier
portal
Develop
management
workflows
Streamline your process
for improved liquidity
management that can help
you detect and resolve any
barriers.
Enhancing efficiency of
accounts payable
Boost your
approval process
Define the management
hierarchy and establish a
robust practice on approval
processes reducing risks
while optimizing operational
performance.
Authorization hierarchy
and process