Segregation of Duties Is a Must for AP Efficiency, Accuracy, and Security

It's no exaggeration to say that effective internal controls drive an efficient accounts payable department. Without them, a company cannot survive for long, says Viji Eapen, Senior Accounts Payable Coordinator at Regeneron, a pharmaceutical company headquartered in Tarrytown, NY. "Internal controls assist AP in attaining consistency and accuracy in payables processes and also in process improvement," says Eapen. "It is practically impossible for an AP department to be compliant with all…