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Optimizing AP processes is often not on many organizations’ list of priorities. As it is a back-office function, the importance of improving AP processes is often overlooked. In theory, if a business simply delays invoice payments to the last possible date, this will allow the business to have more cash on hand to maximize free cash flow

I view continuous process improvement and risk management as having a symbiotic relationship. Often there is potential to achieve process improvements while also enhancing operational and financial risk coverage. A mature risk environment provides greater trust in the operational and financial data used as a foundation for process improvements.