CoW Business Office

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Evaluating Accounts Payable Policies and Procedures

Student Researchers: Duc Chu, Shiladitya Roy Chaudhuri, Maaz Khan

Faculty Advisor: Lisa Verdon (Economics)

The team worked with the College's Accounts Payable (AP) department. The project was created to increase the efficiency of day to day to operational activities of the AP department through the use of process map. By analyzing the process map the team was able to provide recommendations and suggestions that would help the AP department to reduce process cycle time, decrease defects, reduce costs, reduce non-value-added steps, and increase productivity.