Elevating AP's Reputation

Accounts payable not only can, but must become a professional function that contributes to cash flow and favorably impacts a company’s bottom line, says Judy Bicking. Bicking, who managed AP Shared Services at Johnson & Johnson, urges managers to step up, take a leadership role, and “make AP important” in their companies. “We have to move accounts payable from a transactional function to an analytical function,” she says.  At Johnson & Johnson, Bicking was not satisfied with the existing…