Controllers who inherit accounts payable policies from previous finance leads may face issues if the policies are not updated. Invoices may be approved through chat tools and vendors may send bills to various email addresses. This can happen when the policy no longer reflects the current workflow, especially after changes to enterprise resource planning systems.

A guide from Brex provides information on creating an effective accounts payable policy. It covers key considerations such as what to include in the policy and how to make it useful for the team.

Further details on writing an impactful accounts payable policy are available, including what sets a useful policy apart from one that only meets auditor requirements.