Accounts Payable Department
Large companies have huge number of suppliers. To remain competitive they need to manage their procure to pay process very effectively. They create specialized division to handle these operations.
Large companies have huge number of suppliers. To remain competitive they need to manage their procure to pay process very effectively. They create specialized division to handle these operations.
The business department that is responsible for making payments owed by the company to suppliers and other creditors is also often referred to as Account Payable (AP).
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