Solving AP’s Reliance on Paper – Phase 3 – B2B Payments
[Editor's Note: Click to read Part 1 and Part 2 of this series] In Ardent Partners’ AP Metrics that Matter in 2020, our research indicated 55% of B2B payments were made…
Payables Place First Thing: Retaining Talent in Accounts Payable and Procurement
Last week, I discussed the challenges Accounts Payable (“AP”) and Procurement organizations face attracting talent in today’s hyper-competitive labor market. This week I want to cover the second half of the ‘New…
Payables Place First Thing: A New Approach to Talent Management
Exactly one month ago I had the honor of moderating a panel discussion on talent management at Ardent Partners’ CPO Rising 2018 Summit in Boston. My expert panel included Ryan Murray, Deputy Chief…
Payables Place First Thing: What Are You Thankful For?
Every now and then we all need to take a step back and thank those around us for helping us on both a personal and professional level. Accounts Payable (“AP”)…
Payables Place First Thing: What Does It Take to Implement a Successful Payment Strategy?
Early payment discounts, dynamic discounting (DD), supply chain finance (SCF), the time value of money, the cost of capital, the cash conversion cycle, days sales outstanding (DSO), days payables outstanding (DPO),…
Payables Place First Thing: What’s the Difference Between Dynamic Discounting and Supply Chain Finance?
Last week we discussed the relationship between the Time Value of Money (TVM) and capturing supplier discounts. This week we continue our conversation on discounts by taking a look at Dynamic Discounting…
Payables Place First Thing: Early Payment Discounts and the Time Value of Money
What do early payment discounts and the ‘Time Value of Money’ have to do with one another? In a word, everything. If you’re in Accounts Payable (“AP”) or P2P, you…
Payables Place First Thing: Making Payment Exceptions a Thing of the Past
Over the last couple of weeks we’ve discussed payments automation as being the final frontier of Accounts Payable (“AP”) Automation, along with how electronic payments can be a source of…
Payables Place First Thing: B2B Payments…The Final Frontier of AP Automation
In a world where the speed of business increases moment by moment, and the next big competitor is right around the corner, enterprises can ill afford to let business value…
Payables Place First Thing: Fraud on Ice
A Connecticut man recently pleaded guilty to defrauding the owners of a Stamford ice rink, where he worked as general manager, of nearly a half-million dollars. Stamford police said the…