As savvy professionals are well aware, your accounts payable (AP) process can make or break your organization’s financial wellbeing. With the increasing complexity of technology, often-tenuous vendor relationships, increasing regulatory demands, and advances in fraud, maintaining a streamlined AP process is not just a requirement—it's a strategic necessity. Best practices provide the tactical framework that can transform your accounts payable operations from a routine function into a powerhouse of financial control and operational efficiency. Whether you’re a seasoned professional looking to optimize your existing processes or a new manager looking to understand the nuances of accounts payable, a good grasp of best practices and the role they play is critical.
Link to Accounts Payable Internal Control Basics [Some SURPRISES] https://youtu.be/uIomGiLtUYA