CFO Magazine editors certainly think so. In a useful article released today, they argue that accounts payable (AP) may be the last bastion of working capital improvements for most companies. AP "provides an opportunity for process and structural improvements that can enable companies to hold on to their cash longer" and positively impact working capital and cash flow.
The article -- "Six Ways to Stretch Your Payment Terms" -- is a good primer for how to organize invoice and payables efficiency and transformation. Here are just a few of the highlights:
I encourage you to read the full article here.