The Role of AP

Primary Role:

  •  To pay the Correct amount – to the Correct Supplier – on the Correct date
  •  To ensure continuation of supplies and uninterrupted services
  •  To ensure late payment and interest charges are not claimed by Suppliers
  •  To help resolve queries on Supplier invoices
  •  To develop strong working relationships with Suppliers
  •  To help detect and prevent fraud  

 Secondary Role:

  •  To ensure accurate recording of Accruals and Pre-payments
  •  To help with Cash Flow management
  •  To ensure accurate Cash Flow forecasting
  •  To ensure prompt payment discounts are deducted where applicable
  •  To ensure rebates are received where due 
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