Account Payable Best Practices | Accounts Payable Process

How hard could it be to manage the vendor side of processes?

Well, sometimes, it could be more complex than your customer side of processes, especially for B2C businesses.

Also, it might vary based on your industry, product type, and supply chain.

You might need to make arrangements such as prepayment.

The R&D side of processes could be completely different from operational processes.

You might want to have complex arrangements such as pre-printed shipping labels or packaging arrangements.

They all could have implications on your AP processes.

Also, each industry may have its own requirements on how AP is supposed to be done.

On top of it, each ERP system is likely to treat the AP processes differently.

So what are the best practices for streamlining AP function?

Let's hear from experts Chris Gherardini, Abubakr Asif, David Dozer, Matt Bernot, Nirav Shah, and Sam Gupta as they share their insights on Account Payable.

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