What if over two-thirds of the people around you didn’t think much of the work you do?
More than three-quarters of senior managers believe that accounts payable is a tactical back-office function.
Why? Perhaps it’s the deluge of work accounts payable departments go through each day:
- Setting up suppliers
- Gathering payment details
- Collecting tax forms
- Keying invoice information
- Matching invoices with purchase orders and shipping documents
- Tracking down purchasers
- Searching for lost or misplaced invoices
- Setting up payments
- Reconciling payments
- Resolving payment issues
All these manual accounts payable tasks leave little time for strategic, value-added activities.