3 Steps to Turn AP into a Profit Center
- Kevin Jacobik, Sr. Manager – GBS NA Procure to Pay at Kimberly-Clark
- Pete Erdner, Vice President, Commercial Operations at apexanalytix
- Mark Brousseau President, Brousseau & Associates
Only 14% of AP departments are a profit center. (apex 2021 survey)
Kimberly-Clark is part of that elite group.
So…we enlisted AP veteran Kevin Jacobik (also an Army veteran, dad and has a huge COVID beard) to talk about how Kimberly-Clark does what most companies don’t.
"I am excited about talking with everyone about our 3 step process to move AP from a cost center to a profit center because every company can do this. AP wasn’t always a profit center.
There were a lot of manual tasks that kept us busy. As an organization, we embraced change and began implementing technology to, simply put: get stuff done faster. Get software to do the things that wasted our time.
No one wants to process paper checks. We sent out 20,000 paper checks every month. Tons of printing, signing, mailing, getting returned checks, calling suppliers, re-mailing.
It is not about buying very expensive software or trying something brand new. It is about following a proven plan focused on three key areas: creating a revenue source, identifying control gaps and removing tedious manual processes."