If you work within the public sector you could be forgiven for feeling more than a little anxious over the last couple of months. You’ve been aware that cuts are coming, but you didn’t know when, how much, or if they’d affect you directly. Many of those within the corporate sector have been under the same cloud, though perhaps without the same inevitability.
With year-end optimism slowly ebbing away as we move towards spring, many in AP departments are still finding that they have to do more with less. And it’s not going to get any better any time soon. The words “the recessions over” draw to mind images of George Bush and his misplaced 2003 “mission accomplished” speech. Yes, the economy may be on the road to recovery – but there’s going to be an awful lot of debris along the way before we get there.
In today’s workplace, the term “best practice” is one which tends to be thrown in along with another marketing catchphrase “fit for purpose” which can generate the kind of eye rolling irritation which gives marketeers a bad name!
Keep the Cash Flowing The effective management of working capital forms the cornerstone of any finance department – in fact it lies at the heart of any organisation. This is where an effective Accounts Payable department can step in and make all the difference. A sluggish approach to oiling the wheels of