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Accounts Payable Controls

We Offer Practical and Proactive Expenditure & Supplier Management Controls

The Issue: low levels of cash flow, return on net assets and supply reliability.

An often-overlooked aspect of working capital management is accounts payable. A poor or eradicate history of payments to suppliers and creditors, will reduce your enterprises cash flow and could impact your operations ability to meet your customers expectations. Early and rogue payments, which continue unchecked, are an obvious negative impact on working capital control and optimization. Additionally Inadequate communications and information exchange with suppliers creates added constraints on product flow and customer service flexibility and reliability.

The Solution: Accurate and efficient expenditure management that leverage your expenditures while building strategic supplier partnership

Our Focus

In order maximize the full potential or your expenditures, market information and suppliers resources, to achieve reductions in supply chain costs, increases in cash flow, supply reliability and customer service, our programs, focus on streamlining payment/expenditure processing and strengthening the bonds of partnership with strategic suppliers. Our expenditure processes are designed to provide, speed, accurate data, and key performance indicators, so that your organization as a whole, can gain leverage and insight to drive for continuous improvement of customer service, cost reductions and cash flow control. Our partnership programs will provide your supplier with the visibility of down stream supply chain activities that will increase their ability to provide timely and reliable service at lower costs. The increased continuity of streamlined expenditure management and supply chain visibility reduces risk, enhances your competitive position and joint success.

Typical Services and Activities

  • Development of Supply Chain Vision and Mission
  • Processing Cycle Time Study and Reduction
  • Supply Partnership and Development Initiatives
  • Clear Documentation of Expenditure Operations and Processes
  • Development of Standard Terms and Conditions
  • Clear Communication of Expectations and Practices
  • Supplier Selection Criteria and Assessments
  • Supplier Performance Monitoring and Measurable
  • Collaborative Planning Processes
  • Quality Systems, Controls and Improvement Programs
  • Pooling of Expenditures and Resources to Provide Leverage
  • Corporate Ethics Policy
  • Budgeting Process of Core and Non Core Spend
  • On Time Payments and Adherence to Terms/Conditions
  • Accurate Generation of Purchase Orders
  • Fast and Accurate Processing of Goods Receiving
  • Setup of Shared Service Centers
  • Set Up of Commodity Teams
  • Proactive Key Performance Indicators to Drive Improvement
  • Spend Analysis to Provide Leverage and Rationalization of Expenditures
  • Dispute Resolution and Exception Handling