Keep Accounts Payable In-house or Outsource?
Making the critical decision to improve AP performance
Creating an efficient and streamlined accounts payable department remains an operational challenge for finance executives. The benefits of high performance may be achieved through an expansive in-house overhaul or through outsourced services.
The accounts payable function is the most frequently outsourced process within Finance and Administration. AP functions are transactional, rules driven, still entails high manual costs, and require technology to reduce errors and increase efficiency.
CFOs are faced with a critical decision concerning AP automation: Should they continue to process invoices internally and invest in an in-house system, or should they outsource the non-strategic AP activities to a provider and gain automation that way?