Managing Accounts Payable

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April 2003 Table of Contents [ toggle snippets ]

• How Automated A/P and Purchasing Systems Mesh at BNSF
• When accounts payable and purchasing departments work closely together, everybody wins. Not only
  are there fewer internal problems, but the payment process is much smoother—a real benefit to accounts
  payable. As companies take advantage of new electronic initiatives, the opportunities for the two departments
  to integrate are more pronounced.
  
  Close Snippit | Read Article
• Three Ways to Demonstrate Benefits of Expanded Use of e-Invoicing
• Most accounts payable managers understand the benefits of e-invoicing. Several of these professionals
  have told MAP that their problem is convincing management to use the product. We asked four experts
  about this issue. The key, as is evident in the responses, is to understand the problems accounts
  payable is experiencing and then demonstrate how e-invoicing addresses those concerns.
  
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• Matching Invoices and Checks—How Much Verifying Is Enough?
• Accounts payable executives are constantly faced with a Solomon-like dilemma. They have to weigh
  the benefit of intensive manual, checking to catch errors against the cost of allocating scarce human
  resources to those manual, seemingly non-value-added, tasks. One of those jobs is the matching of checks
  to invoices. Is it worth the time and effort? That’s exactly what one intrepid accounts payable professional
  asked in a recent exchange on IOMA’s accounts payable discussion group.
  
  Close Snippit | Read Article
• Make the Electronic Payment Case Using New Tool From NACHA
• Many accounts payable professionals are now recommending an electronic payment initiative but are
  not sure it would be cost-effective at their organizations. Now there is a way for you to do those calculations—
  and perhaps even improve your own professional standing within the company at the same time.
  
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• What’s the Going Rate for A/P Clerks in Your Region and City?
• The backbone of any accounts payable department is made up of the staffers who work tirelessly to
  ensure that the firm’s payments are made accurately and in a timely fashion. In many organizations, the
  bulk of this group is composed of clerical workers. Their performance can make or break an accounts
  payable department as well as the finance organization. It is imperative that these workers be adequately
  compensated or the stellar performers will find employment elsewhere. To help accounts payable managers
  gauge the appropriateness of their salaries, MAP has obtained benchmark salary information for
  accounts payable clerks.
  
  Close Snippit | Read Article
• Accounts Payable Managers’ Forum (0304)
• 1. Handling invoices in a cost-efficient effective manner
  2. Handling the operational issues associated with a Web-based EDI initiative
  
  Close Snippit | Read Article

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