Good Process Management Keeps AP Humming in a One-Person Shop

Accounts payable departments can have the best-designed processes in the world, but without ongoing process management, AP cannot function at optimum performance levels. The consequences can be breakdowns in vendor relationships, supply-flow interruptions, and inability of the company to conduct critical business. “Accounts payable is responsible for one of the most important organizational functions—paying our vendors, who ultimately help us maintain the day-to-day operations of our…