Almost from time immemorial, accounts payable has been buried in organizational back offices as a pure cost center. A necessary evil, but not one offering a lot of strategic value. However, that is changing as more and more companies see the strategic role AP should play in working capital initiatives and cash flow visibility.
But beyond that, some best in class AP organizations are transforming themselves from pure cost centers into actual profit centers! Check out this video of ONEOK's T.D. Eureste talking about he is doing just that!