Six Steps for Transforming AP into a Cost-Free Department

AP is often regarded as a “cost center.” However, effective cost control and reduction can turn an AP department from a cost center to a profit center, according to Kim Lang, Supervisor, Corporate Accounts Payable, at CHS Inc. (Inver Grove Heights, MN). CHS Inc. is a global Fortune 100 Company and is the largest farmers’ co-op in the United States. It has a diverse product line that includes Cenex Oil, refined fuels, crop nutrients, grain marketing, and a line of food-grade cooking oils. “It…