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Metric of the Month - CFO Magazine

creigrut
Spiff
Spiff

This article is a little off topic in regard to automating commissions, but it really speaks to time saved and efficiency. This is where Spiff can really make a difference in organizations...especially when a company is looking to scale. 

 

"An inefficient and disconnected AP process also creates risk for the year-end financial close. As finance attempts to account for all outstanding liabilities during the period-end, not having an efficient AP process may result in period-end accruals that are materially misstated".

 

As we all know, saving someone time and helping them create processes that give visibility to their employees can help them scale much quicker. This also allows leadership to focus on strategic initiatives that will generate more revenue and increase profits.

 

Top Organizations Record Accounts Payable Cycle Time in 2.8 Days: Metric of the Month (cfo.com)

 

 

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