Payables management and Category:Knowledge and information management: Difference between pages

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A policy of paying suppliers late reduces the amount of financing required from other sources, but this could increase the risk of penalty charges for late payment and will also inconvenience suppliers with whom a good relationship is important.
Knowledge and information management is a core business competency for treasurers identified by the ACT's Competency Framework.


Effective payables management involves - among other things - finding an appropriately balanced level of payables.
It involves the collection, analysis and translation of data into information that can be appropriately disseminated to assist with problem solving and decision making across the organisation.


Also known as creditor management.


== See also ==
==See also==
* [[Creditor days]]
* [[ACT Competency Framework]]
* [[Business skills]]
* [[Financial management]]
* [[Planning and projects]]


====

Revision as of 15:08, 3 October 2023

Knowledge and information management is a core business competency for treasurers identified by the ACT's Competency Framework.

It involves the collection, analysis and translation of data into information that can be appropriately disseminated to assist with problem solving and decision making across the organisation.


See also

==

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