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Managing Accounts Payable

October 2005

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A new study has identified seven companies that have successfully overhauled their AP departments using electronic invoice processing and payment technologies. As a result, they are taking a more important and strategic role in their company—which should be the goal of every AP department.

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October 2005 Table of Contents [ toggle snippets ]

MAP October 2005 (full PDF issue)
IOMA’s Latest Study Signals New Era in AP Cost-Cutting Trends;
Pay at the Top of AP Hits $84,000;
New Study Names 7 Cos. With Best Automated AP Depts.;
IRS Set to Expand Audits of Payments to Nonresident Aliens;
MAP Calendar;
News Briefs;
MAP Future Issues;
Accounts Payable Managers’ Forum.…
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IOMA’s Latest Study Signals New Era in AP Cost-Cutting Trends
In looking for ways to cut costs, AP departments are getting much more than they bargained for. That’s because they are looking more to the electronic processing of invoices and payments to create a paperless AP environment. The ripple effect of this effort is to allow AP to shed its image as a back-office, paper-pushing operation and transform itself into a department that can bring real value to the company. Instead of focusing on transactions, the new-breed AP department can do more analytical work and become a true business partner in the company’s management.
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Pay at the Top of AP Hits $84,000
Unless you have a vaulted title, salaries and bonuses of AP pros have not increased much over the past few years. Plus, pay is much higher at the biggest companies.
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New Study Names 7 Cos. With Best Automated AP Depts.
A new study has identified seven companies that have successfully overhauled their AP departments using electronic invoice processing and payment technologies. As a result, they are taking a more important and strategic role in their company—which should be the goal of every AP department.
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Now's the Time to Review Reporting of Payments to NRAs
The Internal Revenue Service has been implementing a large enforcement effort involving withholding and reporting compliance for payments to nonresident aliens (NRAs).
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Accounts Payable Calendar (October 2005)
A short list of upcoming seminars, exams, conferences for the AP professional.
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MAP News Briefs (October 2005)
WEB INVOICING TO TAKE OFF;
DON’T RUSH A NEW SYSTEM;
AP IMAGING VENDOR WINS KUDOS;
SOX DELAY FOR SMALL FIRMS?
BAD NEWS FOR TOOL ALLOWANCES;
NEW SIFL RATES;
TRAVEL COST BENCHMARKING;
T&E FRAUD DETECTOR.
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MAP Future Issues (October 2005)
Coming to future issues of MAP.
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Accounts Payable Managers' Forum (October 2005)
University learns lessons from Web-based T&E rollout.
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