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Managing Accounts Payable

May 2006

Successful AP managers realize that they can eliminate a lot of headaches if they have a good relationship with the purchasing department. Also, good teamwork between AP and purchasing can add real value to the company.

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May 2006 Table of Contents [ toggle snippets ]

MAP May 2006 (full PDF issue)
AP Pros Reveal Latest Department Strategies, Benchmarks and Advice on Hot Issues;
15 Ways to Spur Growth in Your P-Card Program;
Seven Elements Help AP-Purchasing Relationship;
How to Avoid Losing Good AP Staff to Higher Paying Competitors;
MAP Calendar;
News Briefs;
Accounts Payable Managers’ Forum
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AP Pros Reveal Latest Department Strategies, Benchmarks and Advice on Hot Issues
Each year at its conference, RECAP Inc. presents the results of its annual survey of AP department operations. In addition, AP professionals, consultants, and vendors share their latest ideas and expert advice on how to improve department operations.
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15 Ways to Spur Growth in Your P-Card Program
P-card pros recently gathered to swap advice at the annual conference of the National Association of Purchasing Card Professionals (NAPCP) in Orlando. The theme of the conference was growing your p-card program. Here are the most interesting tips MAP gleaned from formal conference sessions—and from informal after-hours chats with p-card veterans from across the country.
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Seven Elements Help AP-Purchasing Relationship
Successful AP managers realize that they can eliminate a lot of headaches if they have a good relationship with the purchasing department. Also, good teamwork between AP and purchasing can add real value to the company.
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How to Avoid Losing Good AP Staff to Higher Paying Competitors
Good AP workers are worth their weight in gold—but many of them may be looking for a new job, reveal two new surveys. Fortunately, the data suggests ways to hold onto these valuable workers.
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Accounts Payable Calendar (May 2006)
The IOMA/TAPN AP Seminar & Certification Exam: The Best Training Program Available for Accounts Payable Pros
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News Briefs (May 2006)
This editor recently participated in a one-hour Webcast, Streamlining Accounts Payable in the SAP-Enabled Enterprise, sponsored by Mobius Management Systems Inc., a provider of integrated solutions for content management. The Webcast included a report on the current state of AP automation, and it examined how some organizations are saving money and reducing processing costs while others continue to struggle with lost data, missed discount payment terms, and strained supplier relationships. It also has some valuable insights from panelists at Brose and Tarrant County, Texas, who offered first-hand accounts of the challenges they have faced and overcome and the resulting benefits of their automated AP deployments in the SAP environments. You can listen to and view the archived Webcast at www.mobius.com.
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Coming in Future Isssue of MAP (May 2005)
Tips on Keeping Your P-Card Program Under Control
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Accounts Payable Managers� Forum (May 2006)
Problem: The American Medical Association (AMA) is an organization dedicated to helping doctors help patients by uniting physicians nationwide to work on the most important professional and public health issues. The AMA has over 250,000 members and is headquartered in Chicago. In 2003, the AMA began to explore new options for managing its corporate travel activity. The association’s employees took approximately 3,200 trips a year, representing $2 million in annual travel spend.
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