Build an AP Policies Manual with Help from IOFM
August 28, 2019
The department that disburses the company’s money bears a tremendous responsibility. If the company has well-defined policies governing its purchasing and payables processes and has a habit of adherence to those policies, it can avoid many of the problems and mistakes that would negatively impact the company’s bottom line. Without well-established policies, a company is risking a much greater likelihood of mistakes, inefficiency, and even fraud. Policies often arise out of experience over time…
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