This eBook is the result of many years experience, working with thousands of business owners to improve profit, cash flow and stakeholder satisfaction.
One of the key factors in good cash flow management is how you manage your Accounts Payables i.e. suppliers who give you terms to pay. A key measurement in managing this, is knowing your average Accounts Payable Days.
Some customers will use you as a bank if they can. Better to use your goods and/or services and not pay until they have to. Here are some suggestions to speed up payment.
Let’s take a look at why workflow management is vital for a business. The automotive industry is currently in a state of transition due to consolidation away from small family run operations towards more corporate-run multinational organisations.