The Government’s proposed late payment reforms could mark one of the biggest changes to supplier payment practices in decades and AP/P2P leaders will be at the centre of it. From potential 60-day payment caps to stronger powers for the Small Business Commissioner, the expectations around payment governance, supplier fairness, and organisational accountability are changing rapidly.

This white paper explores: 

• the proposed legislative reforms
• the potential impact on Accounts Payable and Procure-to-Pay functions
• the changing role of AP/P2P leadership
• the wider implications for payment culture within UK organisations.

Understanding the evolving landscape of Accounts Payable (AP) is critical to strengthening the profession and ensuring it remains resilient in the face of change. This year’s Accounts Payable Industry Benchmarking Report offers a comprehensive view of the sector, drawing insight from AP professionals across more than 15 industries. Their input sheds light on both the common challenges we face and the distinct issues impacting specific sectors.