Accounts payable (AP) has experienced a breathtaking transformation in recent years. Today’s AP organizations bear little resemblance to their predecessors of even a couple of decades ago. Some of you who have spent a career in AP will have seen some of these remarkable changes as AP has become a more strategic function in procure to pay (P2P) and global financial shared services.
For over 25 years, APEX Analytix has been collaborating with the leaders of accounts payable, procure to pay and financial shared services in multinational companies, and tracking these changes via our best practice benchmarking surveys of Global 1000 businesses for over 15 years. The survey now collects 81 key elements in the areas of infrastructure, key operating metrics, payables controls, cash management and risk management.
This is a must-read report for those organizations looking to transform their AP and P2P departments.
Click here to read the full Financial Leaders’ Benchmarking Report report.
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