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The merging movement: Shared service model gaining in popularity
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Archived AP Matters Issues >
2009 Issues >
Oct - Nov 2009 |
Cover Story
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Sidebar: Looking beyond AP
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By
Karen M. Kroll
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One attribute that leading accounts payable professionals share is an expanded view of the accounts payable function, often to include the procure-to-pay process. “You want to take a broader look than just AP, and look at the end-to-end process you’re supporting,” says Kurt Albertson, director of advisory services with consulting firm REL. For instance, while AP traditionally has managed vendor master information, these professionals may lead a drive to standardize other data categories, such as contract master data. Or, they may look at ways that the AP department can enhance working capital management.
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