Top 5 Habits of Highly Successful AP Departments
So, how do industry leaders set themselves apart? An analysis of 180 companies suggests that they put processes in place that allow them to measure performance, structure reporting, and inform process design.
Our guide takes a look at the five characteristics of the most successful AP departments:
- Clear policies for invoice workflow.
- Executive-level support.
- System-level controls.
- Key process automation.
- Workflow compliance processes and dash boarding.