Get Fit! Creating a Lean Accounts Payable Organization
Procurement cost is the single largest cost item in most organizations’ P&L statements. Given its place at the convergence of finance and procurement, the AP function is perfectly positioned to have significant impact across the entire procure-to-pay (P2P) value chain, but few organizations are organized to take advantage of the opportunity.
Organizations are challenged by any number of issues that prevent AP from reaching its full potential, chief among them are non-standardized proce...
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