Outsourcing Accounts Payables: Ideas for Greater Efficiencies in the Treasury Office

While once believed to only be an internal function of government, many governments are looking to outsource all or sections of accounts payables (AP) functions. Streamlining the payment process with the enhanced controls that are often part of bank and other payment providers’ infrastructure can save staff time, mitigate risk, and even generate revenues. This session will explore options for outsourcing AP functions, explain how it works with existing financial systems, estimate how it changes staffing needs in finance, and discuss the considerations a government should make when determining whether outsourcing payables is the right decision.