10 Questions Help Nail Down All the P-Card Rebates You Deserve

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Managing Accounts Payable

December 2008

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One of the main sources of cost savings associated with the use of purchasing cards (p-cards) is in the form of rebates from the issuer in exchange for certain levels of card usage. Rebates are similar to the cash-back deals or bonus points or credits you get from your personal credit card company. Rebates for p-card purchases generally range from about 1 percent to 3 percent. So it’s no wonder that in a recent survey we conducted, over a third (39 percent) of respondents said that rebates were one of the most important benefits of their p-card programs.

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December 2008 Table of Contents [ toggle snippets ]

MAP December 2008 (full PDF issue)
CORPORATE CARDS
10 Questions Help Nail Down All the P-Card Rebates You Deserve
In a recent survey, over a third (39 percent) of respondents said that rebates were one of the most important benefits of their purchasing card programs.
AP Calendar
AP conferences, seminars, and specialized training.
MANAGEMENT
Layoffs: How to Make the Most of a Difficult Situation
Most AP managers feel their most dreaded task is to lay off someone. Fortunately, there are ways to make this a little easier.
News Briefs
P-Card Usage and Metrics...AP Benchmarking on the Rise...New Tool for T&E Audits...New Bill Pursues Ersatz 1099ers...and more.
AP Managers’ Forum
Boosting AP staff morale...AP finally gets respect.
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YEAR-END: 16 Ideas That Can Help Make Year-End Close a Success Instead of a Nightmare
AP managers will soon be knee-deep in the year-end close process—the most hectic time of the year. To help you, we offer a number of time-tested tips and best practices to make the close go smoother and be more accurate. If your organization’s fiscal year does not correspond to the calendar year, use this list to get a head start.
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BEST-IN-CLASS AP: Global Growth Leads to AP Makeover at Juniper Networks
The key to success in AP is to continually look for ways to drive down costs and to evaluate how you can improve your processes. You need to set clear goals and then develop metrics based on those goals. This will point you in the right direction to create a best-in-class AP operation—and this is exactly what the AP department did at Juniper Networks, a provider of Internet networking products and services. Juniper was among the top 100 performing AP departments listed in our report, AP Department Benchmarks and Analysis 2007.
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1099 WORKERS: Court Nixes IRS�s KO of Firm�s Plea for Sec. 530 Relief
If the Internal Revenue Service decides that workers paid as independent contractors should be treated as employees, the agency can reclassify them and hit the employer with back payroll taxes and penalties. But the IRS cannot reclassify the workers if the organization has a "reasonable basis" for treating them as independent contractors. This is what "Section 530" relief is all about. However, what constitutes a "reasonable basis" can sometimes be a bone of contention, as a new case illustrates.
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10 Questions Help Nail Down All the P-Card Rebates You Deserve
One of the main sources of cost savings associated with the use of purchasing cards (p-cards) is in the form of rebates from the issuer in exchange for certain levels of card usage. Rebates are similar to the cash-back deals or bonus points or credits you get from your personal credit card company. Rebates for p-card purchases generally range from about 1 percent to 3 percent. So it’s no wonder that in a recent survey we conducted, over a third (39 percent) of respondents said that rebates were one of the most important benefits of their p-card programs.
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Accounts Payable Calendar (0812)
IOMA AP TRAINING The IOMA AP Training Seminar: The Best Training Program Available for Accounts Payable Professionals Las Vegas (Feb. 23-24); San Antonio, Texas (Mar. 11); Los Angeles area (March); New York City area (Apr. 22); Atlanta (May 20); San Diego (June 10); Philadelphia (June 17); other dates and locations to be announced. …
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MANAGEMENT: Layoffs: How to Make the Most of a Difficult Situation
Probably the most dreaded task of any AP manager is to lay off someone. Unfortunately, layoffs have become all too common during the current economic turmoil. There’s no easy way to do it, but there are some things to do that will help make the task less onerous.
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Coming in future issues of Managing Accounts Payable (0812)
Using Software-as-a-Service to Automate Invoice Processing Newest Benchmarks and Metrics for Managing Employee T&E Expense Reimbursements Setting Up a Vendor Verification Program What AP Needs to Know About Payroll—and Vice Versa Successfully Integrating a New Acquisition Into AP How Gannett Centralized AP Into a Shared Services Center Moving to a Multi-Phase P-Card Program…
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News Briefs (0812)
P-CARD USAGE AND METRICS The amount of spending put through purchasing cards (p-cards) is expected to grow 12 percent per year between now and 2012, according to the 2007 Purchasing Card Benchmark Survey from RPMG Research Corporation. Between 2005 (the previous survey) and 2007, p-card spend in North America grew from $110 billion to $137 billion. More specifically, average organizational monthly spending increased by 24 percent, driven primarily by increased card distribution throughout the organization and…
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Accounts Payable Managers� Forum (0812)
BOOSTING AP STAFF MORALE Problem: "When our organization announced a wide-scale staff reduction, morale in the AP department sunk to a new low," says a disbursement manager at a wholesale/retail firm (14 full-time in AP). With no money to spare for raises or bonuses, he had to find some creative, yet inexpensive ways to improve morale.
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