Treating the Pain with Selective Outsourcing

Outsourcing is a loaded word. It includes images of organizations sending their entire accounts payable operation to a low-cost overseas outsourcing firm. While this can be the case, outsourcing actually comes in several different flavors. Rather than outsourcing their entire departments wholesale, many organizations outsource specific duties or functions within AP. For example, an in-house AP department may process most of the invoices, but the outsourcer processes specific bills like…