What Functions Does Your AP Department ‘Own’?

By Pam Miller, APMD - While all accounts payable departments “pay the bills,” the manner in which they do so varies from organization to organization. In addition to processing differences, there is a variation in the ancillary tasks that AP is responsible for. For example, in your organization, who owns the vendor master file? Who owns p-card administration? And who is responsible for escheatment? Vendor Master File: There's No Place Like Home Who should be responsible for managing the…