1. Take inventory
Take inventory of your current processes. Measure the time spent performing them, and whether there are differences in how different people perform them. If your finance team is spending too much time managing accounts payable, it's time to reassess your current processes.
2. Standardize your AP processes
Look at how your AP staff carry out their tasks. Take note of the time they take to process invoices and what their process is. A surefire way to streamline your accounts payable is to develop standardized procedures that all employees should follow.