AP organizational structure in the real estate industry

October 11, 2021

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Q. I am reaching out to members who are in the real estate/development/property management industry sector. My organization develops and manages apartment buildings and student off-campus residences, among other things. I am finding that in this organization, AP is strictly a processing department, rather than being a vendor-facing, customer-centric department. Everything is basically managed through and directed by the accounting department. AP has very little decision-making authority or…

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