Reducing A/P costs and efficiently using a p-card program
Problem: With invoice costs in the mid-double figure range in late 1998, Schwan’s Sales Enterprises Inc. took action.
Reducing A/P costs and efficiently using a p-card program
Problem: With invoice costs in the mid-double figure range in late 1998, Schwan’s Sales Enterprises Inc. took action.
Reducing A/P costs and efficiently using a p-card program
Problem: With invoice costs in the mid-double figure range in late 1998, Schwan’s Sales Enterprises Inc. took action.
E-mail is wonderful. It has made the lives of many accounts payable professionals much easier. It has also wreaked havoc on many careless professionals who have not paid attention to the basics. Here are five tips to help you avoid the e-mail blunders that can put a damper on any accounts payable professional’s upward mobility.
Leading-edge accounts payable departments are changing the way they work in ways that are radically different from just a few short years ago. While a few of the core basics remain the same, there are now several new routes to accounts payable departmental success—and one startling waylay. These findings are based on a MAP survey of hundreds of accounts payable professionals. Respondents were asked to identify the top-five ways they improved departmental productivity in the last year. Read on for some real eye-openers.
Do you use a facsimile signature on your checks? Many companies do so, and they find it makes the check-production process a whole lot easier. The fact that getting signatures on checks has been simplified does not mean that no attention has to be paid to the check-signing issue, however. A few overworked accounts payable professionals lose track of the fact that reasonable care must be taken of the signature plate or the machine in which the signature plate is embedded. This article reviews some of the basics, as well as some of the legal issues regarding the check-signing process.
Much of what is done in accounts payable today has been developed in the last 10 years—some of it in the last three years. In addition, automation and Sarbanes-Oxley are causing top management to scrutinize all areas much more closely. As a result, it is much harder today to know, much less prove, that you and your staff have the required knowledge in this fast-paced environment. Most MAP subscribers have kept up but have had few ways to demonstrate their expertise.
With the November 1 date looming, accounts payable professionals must once again turn their attention to the tough task of identifying unclaimed property and then go through the process of turning it over to the appropriate state. To help readers with this job, MAP has reviewed changes in legislation over the last year, as well as investigated the growth in the outsourcing of this function. As you’ll see, while using a consultant for this tricky function makes a lot of sense, it must be done with care. If not handled correctly, your company could end up paying a fortune—even though it has hired an expert.
2009
