This Week's Feature
05/05/08
Improving systems and procedures is the leading strategy AP departments use to enhance their performance. This is revealed in IOMA’s latest survey of over 500 readers who told us the ideas they used over the past year that were the most successful in changing or improving their AP operations.
Mini Survey
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AP Trends Several AP professionals and consultants address this question: What do you see as the major trends in AP and what does the future hold? From their remarks, one thing was very clear—AP departments must evolve from a transactional orientation to providing more value-added services.
Lyndell Scott At IOMA’s 5th Annual Accounts Payable Conference & Expo, Lyndell Scott, APM, discusses the use of benchmarking in her AP department at TEPPCO Partners, LP, a pipeline company in Houston. The TEPPCO AP department was the recipient of the 2006 Overall Best AP Department award, which was based on the results of IOMA’s AP benchmarking survey. The survey is the basis of a new report, AP Department Benchmarks & Analysis 2007. Lyndell also discusses key new projects she will be implementing in her AP department in the upcoming year.
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