Redefining AP: Your Role as a Financial Strategist
Stephanie Dula 17 Mar 2016As the process owner for Accounts Payable (AP), you need to think like a strategist. Up to 40 percent of organizations are still heavily dependent on manual, paper-based payables processes, mostly due to companies’ neglect of back-office projects in favor or customer-facing initiatives. But innovative organizations have managed to not only implement new technology to streamline processes, they have created a corporate culture that recognizes the strategic importance of AP to the bottom line.
This infographic and poll data comes from a recent webinar produced by the APQC, in which Henry Ijams spoke about true process ownership and the future of AP. How do you stack up to the audience members when it comes to your top AP initiative? Have you been able to turn your AP/P2P or shared services into a profit center?
Download the full infographic here. Thank you to Michael Cappelli of APQC for contributing it.
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