Enterprise 2.0

Leveraging Existing Assets: Accounts Payable And Receivable Shared Service Model

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Executive Summary

Corporate finance professionals, similar to parents of multiples, are currently looking at what can't be shared within their organisations - and, more importantly, what can be shared. In other words, a shared services model for various functions - specifically operating several finance functions under the same umbrella. Traditionally, finance functions have operated independently: Accounts Receivable (A/R), Accounts Payable (A/P), lockbox, etc. In many organisations, these functions run under separate silos with different management teams, budgets, expenditures and, sometimes, different technology systems. In today's economy, this model is no longer sustainable.

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