By David Parmenter
An accounts payable team is the centre of an accounting function for without its smooth operation:
- monthly accounts cannot be prepared promptly
- number noise is all around and budget holders have no faith in their reports
- suppliers are forever on the phone querying payments
- expense claims are a nightmare
- the management accountants are at sea
I recently was asked to talk about “50+ ways to improve accounts payable” at a seminar…