- Capabilities
- Accounts Payable
Strategy & Transformation
Accounts payable departments are typically overstretched, play a seemingly endless game of catch-up, and constantly field calls from the supplier community (and the lines of business) regarding invoice or payment status. Not perceived as a ‘strategic’ function by many executives, Accounts Payable departments oftentimes don’t receive the necessary capital to create meaningful, strategic improvements.
With 20+ years transforming and improving A/P operations, the Nitor team both authors and executes on Accounts Payable Transformation business cases.
The Nitor team works with Accounts Payable departments to assess the payables landscape and methodically plan for a broad set of Accounts Payable improvement activities. Starting with an analysis of 36 months of invoices, we slot all suppliers into a set of supplier groups. These supplier groups range from “the perfect invoicing supplier” to “the supplier that needs major hand-holding, corrective action, and invoicing improvement”.
The payables assessment and supplier segregation effort is paramount in determining the action plan for invoice automation and overall accounts payable improvement.
Once the A/P team has separated the supply base into groups, the Nitor team leverages our proven Accounts Payable playbook to transform and drastically improve the A/P department.
With the Nitor team on your side, companies can drive measurable and impactful change to their Accounts Payable departments.