Accounts Payable

I’ve often been asked what the role of a CFO is and how I could help in various areas of the business. Here is a brief summary of specific areas of business and what the CFO role entails. I’m always happy to elaborate so feel free to contact me directly.

Accounts Payable

In overseeing accounts payable (AP), the CFO ensures the timely and accurate payment of the company’s obligations. While the day-to-day operations are often managed by AP staff, the CFO provides leadership on vendor relationships, cash flow optimization, and the implementation of efficient processes.

By maintaining a high-level view of cash flow and working capital, the CFO ensures that AP functions contribute to the overall financial health of the organization. Their oversight helps maintain strong vendor relationships and smooth operational workflows.