To pay invoices more efficiently, it is crucial to have open communication between AP and your vendors’ AR departments, but that doesn’t mean it happens all that frequently. A recent flash survey of 25 AP leaders found that nearly 90% of AP departments proactively reach out to their vendors’ AR departments no more often than monthly – in fact, about 40% say they rarely/never do so.
Why? Because Procurement owns the relationship – so say most AP practice leaders participating in the…
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