Poll Title: Accounts Payable Payment Terms Management and Payment Run Frequency

Background: In an effort to set expectations with our stakeholders, drive improved cash flow, and improve the efficiencies within our payment processes, we are looking to gather information from other Shared Service AP organizations to understand their current practices (or desired practices)in this area.

Poll Question: How would you best describe how you adhere to supplier payment terms?

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  Terms begin based on invoice date 81%
  Terms begin based on physical receipt date of invoice 14%
  Other (Please Comment) 5%

Poll Question: How often are payment runs scheduled for disbursements from Accounts Payable (excluding urgent payments which may require alternate processes)?

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  Daily 39%
  Semi-Weekly 18%
  Weekly 29%
  Semi-Monthly 5%
  Monthly 0%
  Other 8%