“The CFO’s View of Accounts Payable: Cash is King” available for complimentary download this week

Rochester, MN March 24, 2009 — http://www.metaviewer.com – Metafile, a Minnesota-based content management firm dedicated to providing paperless financial innovations, is helping detail how accounts payable (AP) departments can help offset the adverse effects the current economic crisis is having on companies by implementing best practices in cash management.

“The CFO’s View of Accounts Payable: Cash is King,” an Aberdeen Group benchmark study report, details how the unique position of accounts payable department’s cash management practices can benefit their company as a whole.

“Best cash management practices include everything from extending Days Payable Outstanding (DPO) to capturing early payment and volume discounts,” states the report.  “If properly automated, the typical accounts payable department is uniquely positioned to oversee and integrate these tactics.”

In total, The Aberdeen Group’s study evaluated 160 enterprises.  The enterprises deemed as best in class based on the overall cost experienced in processing single invoices reported marked similarities in accounts payable processes:
•    62% leveraged online or web-based reporting tools
•    69% possessed enterprise- level visibility in account payable processes