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Managing Accounts Payable

October 2007

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The main reason that decentralized AP operations are consolidated into a single shared services center is to reduce costs and improve customer service. Are these benefits actually being realized? And what are the keys to success? That’s what we recently asked AP pros who have had success in transitioning to shared services.

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October 2007 Table of Contents [ toggle snippets ]

MAP October 2007 (Full PDF Issue)
Exclusive Research: 5 Best Practices AP Pros Use to Make Shared Services a Success;
Paper-Free AP Conference: How LaSalle Moved Its Paper Invoices to Front-End Imaging;
AP Trends Research Identifies New Paradigm for AP Automation;
Streamlined Sales Tax Task Force Proposes One Sales Tax Rate Per State;
Management: 8 Ways to Get the Most out of Employee Appraisals;
MAP Calendar (October 2007);
News Briefs (October 2007);
Accounts Payable Managers’ Forum (October 2007)
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5 Best Practices AP Pros Use to Make Shared Services a Success
The main reason that decentralized AP operations are consolidated into a single shared services center is to reduce costs and improve customer service. Are these benefits actually being realized? And what are the keys to success? That’s what we recently asked AP pros who have had success in transitioning to shared services.
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How LaSalle Moved Its Paper Invoices to Front-End Imaging
It was the dawn of the new millennium, and LaSalle Bank was in the dark ages in the way it handled its invoices—it was paper-based and decentralized. In 2001, the AP department decided to move from paper invoices to imaging. But they did not go directly to their current front-end imaging setup—they first went to a back-end imaging program. Along the way, AP realized that going paperless is not just about transitioning to electronic documents—it’s about improving workflow. In the end, AP gained centralized real-time control over its invoices, streamlined processing, reduced AP staff, and significantly lowered its expenses.
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Research Identifies New Paradigm for AP Automation
In the pages of MAP, we have presented cutting-edge ways AP managers have leveraged automation to trigger benefits far beyond those of merely improving invoice processing. These ideas include advanced discount management, spend analysis, cash management, and strengthening ties with the purchasing area and vendors.
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Streamlined Sales Tax: Task Force Proposes One Sales Tax Rate Per State
A proposal that would apply one sales tax rate per state for all sellers, both in-state and remote, under a nationally streamlined sales tax collection system appeared to be the favored solution of participants at a recent task-force meeting in Boston.
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8 Ways to Get the Most out of Employee Appraisals
It’s getting to be that time of the year—when you have to do those employee performance appraisals. In the past, AP managers may have given this task little attention. But growing productivity and performance demands, plus the new generation of workers who want more detailed feedback about their performance, have put a renewed importance on the appraisal process.
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Accounts Payable Calendar (October 2007)
AP CERTIFICATION TRAINING IOMA AP Training Seminar: The Best Training Program Available for Accounts Payable Pros Philadelphia, October 11 San Francisco, Nov. 8 Orlando, Nov. 15 Go to: www.accountspayable360.com/training/certification.html T&E BEST PRACTICES, REGULATORY COMPLIANCE, & INTERNAL CONTROL, Oct. 12, Philadelphia. Held on the Friday after the Thursday IOMA/TAPN AP Certification Training (see separate listing above). Contact: IOMA Customer Service, 800-401-5937, ext. 2; www.accountspayable360.com. …
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News Briefs (October 2007)
WHAT THE CONCUR-GELCO DEAL MEANS Concur, a leading provider of on-demand T&E expense management, has announced that it would acquire the parent company of Gelco Information Network Inc., the owner of Gelco Expense Management. The deal is scheduled to close during the third quarter of this year. Concur previously acquired Captura and Outtask, two other T&E-related systems. …
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Coming in Future Issues of Managing Accounts Payable (October 2007)
What Does It Take to Evolve Into a World-Class AP Operation? New Research Reveals Best Ways AP Departments Manage P-Card Programs How to Take the Headaches out of Your 1099 Reporting Process Tips for the Year-End Close Lessons Learned in Building a Web-Based T&E System New Research Reveals Best Practices and Metrics for AP Shared Services Updated and Expanded Rundown of AP Best Practices How AP Depts. Combine Data Capture With Imaging to Eliminate Manual Data Input Highlights From Key Conferences: Advanced AP…
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New T&E System: Build or Buy?
When Iowa State University (ISU) went shopping for an electronic employee reimbursement system, most of the off-the-shelf products did not meet the school’s requirements.
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