IntelliChief ECM announces the creation and sponsorship of National Accounts Payable Appreciation Day, celebrated the third Tuesday of June (June 19, 2018), to acknowledge the contributions Accounts Payable (AP) professionals make toward their company’s growth by optimizing cash flow, and their utilization of enterprise content management (ECM)-driven AP automation to achieve it.
History of National Accounts Payable Appreciation Day
IntelliChief ECM will set aside this day every year to celebrate AP’s dedication, drive, and accomplishments as financial operations professionals. This special day highlights Accounts Payable professionals’ impact on cash flow management, including their utilization of ECM-powered AP automation enabling internal cost reduction and vendor discount capital achievement.
AP professionals provide peer-driven guidance, assisting one other with strategies to decrease their invoice processing time and cost, increase visibility to payables progress and corresponding cash flow, while bolstering early pay discounts received from agreements with vendors, all through ECM utilization. Transactional documentation is digitally captured and archived in a secure centralized repository. Key data is indexed and integrated into the user’s core ERP/financial applications, verifying each purchase with contracted terms. Completing the cycle, it enables automated workflow for review, notations, and payment approvals, achieving their organization’s cash flow-favorable payables schedule.
How to Celebrate Accounts Payable Professionals
Use #NationalAccountsPayableAppreciationDay to post on social media.