How AP Optimization Boost Working Capital

In this episode of the Industrial Manufacturing and Consumer Goods podcast, host Corey York, along with finance transformation specialist Mike Piotrowski, explores accounts payable (AP) optimization, a critical yet often overlooked driver of working capital and business health. They discuss why AP is more than just paying bills, as well as the risks of inefficient processes and practical strategies to transform AP from a cost center into a strategic advantage. Listeners will gain actionable insights to improve cash flow, strengthen supplier relationships and leverage technology for smarter operations.This is the fourth episode in a five-part series on optimizing working capital. Stay tuned for more actionable insights!Listen to learn more about:The role of accounts payable in working capitalCommon red flags in AP processesFour key areas for AP optimizationHow to balance strategic AP practices with maintaining strong supplier relationshipsIndustry benchmarks and how they guide achievable AP performance targetsPOCs Mike Piotrowski, Senior Manager, CFO Advisory Corey York, Senior Manager, CFO AdvisoryRelated Insights:Article: Working Capital Strategies: 7 Steps To Improve Cash Flow in Manufacturing BusinessesPodcast: Industrial Manufacturing and Consumer Goods Podcast: Working Capital Optimization ExplainedView All Podcasts in this Series