How can companies improve their Accounts Payable Turnover Ratio?

It is possible to enhance the Account Payable Turnover Ratio by negotiating the duration of payment with the suppliers to the company so that one can pay at a later date while keeping the relationship cordial. Other strategies that can also assist include; The use of efficient accounts payable systems, for example, automating invoices and timely payments that do not exceed 90 days. Also, more effective management of financial resources will result in higher cash on cash payments and thus better ratio, coupled with better flow of the cash, to ensure sufficient amounts for timely payments is another factor that should be taken into consideration.

Source: https://accountingbyte.com/accounts-payable-turnover-ratio/