Oxygen Finance Content

CPOs Owning Accounts Payable – Does Supply Chain Finance Make it Interesting at Last? [PRO]

Historically, most CPOs and procurement leaders have not taken a huge amount of interest in the final stage of the end-to-end purchase-to-pay process. The mysterious land of Accounts Payable (AP) has been out of bounds to many of us in the profession. But that was, if we’re being honest, how we liked it. In my ten years as a CPO in three organisations, I never had any desire to expend my empire in that direction. It didn’t look like a “mysterious” place in a good way – it was full of people doing what looked like pretty dull administrative tasks for a start, not what we wanted to be as we tried to build our procurement functions into strategic, business focused powerhouses. So in the vast majority of organisations, procurement has been happy to let AP stay under the auspices of Finance.