Getting the most out of any team requires knowing when, what and to whom to delegate. Getting the most out of any accounting division requires knowing the difference between those functions that require “hands on” and those that don’t. Non-core functions and business processes, such as those within the accounts payable (AP) division, are increasingly being outsourced to protect core functionalities and staff. AP outsourcing (APO) has gone from nascent trend to standard operating procedure, as companies fight to stay solvent and competitive. Taking a proactive approach to minimizing unnecessary costs can enable companies to get a leg up and offer better and more sustainable business value to their customers.
Read more here: http://www.proformative.com/blogs/james-hadley/2014/05/14/getting-most-out-your-accounts-payable.