TREASURY IS AN IDEAL PARTNER TO HELP TRANSFORM A/P INTO A PROFIT CENTER
Treasury's Role in Transforming Accounts Payable Into a Profit Center
Due to the moniker, “cost center,” Accounts Payable (A/P) is rarely funded at a level that matches other finance areas. Treasury typically owns working capital and needs to help drive and support the right type of organizational emphasis on A/P.
Treasury’s Role in Transforming Accounts Payable into a Profit Center
This white paper covers all the topics your treasury department will need to reconfigure your A/P department into a “profit center.” It touches on how you need to recognize A/P’s plight in order to best help them evolve, why this partnership is so valuable to both departments, and finally some steps you can incorporate to guide this transformative process.
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