PAPERLESS AP: Key Factors to Consider When Choosing a New Automated Workflow Tool;
EXCLUSIVE RESEARCH: Latest Productivity and Cost Metrics for AP Shared Services;
BEST PRACTICES: 50 Must-Have Policies to Follow for Making Payments;
T&E: Are You Using the Best Method for Mileage Reimbursement?;
News Briefs;
AP Calendar;
MANAGEMENT: 25 Ways to Reward AP Staffers on a Shoestring Budget;
AP Managers’ Forum Close Snippit | Read Article
Is your AP department ready for a new or upgraded automated workflow application? Here are some key considerations to take into account, based on our latest research. Close Snippit | Read Article
One of the classic truths in business is that what you don’t measure you can’t manage. What key performance indicators (KPIs) are AP managers using the most to manage their shared services areas? And what kind of numbers are they seeing? Close Snippit | Read Article
The way AP departments now make payments has evolved into a blend of old and new techniques. That means a revamped set of best practices. Close Snippit | Read Article
When reimbursing employees for the business use of their personal cars, there are different methods you can use. You can reimburse actual costs, but you’ll need detailed substantiation and receipts. Fortunately, there are three alternatives: 1) the mileage allowance method; 2) the FAVR method; and 3) the flat-amount method. Close Snippit | Read Article
BEST VENDORS FOR AP OUTSOURCING
If you’re thinking of outsourcing one or more of your AP processes over the next year, check out this list of top providers. The Brown-Wilson Group, authors of The Black Book of Outsourcing, has released its list of top 10 AP outsourcing vendors for 2007. They are:
Close Snippit | Read Article
IOMA AP TRAINING
The IOMA AP Training Seminar: The Best Training Program Available for Accounts Payable Professionals
Phoenix, Feb. 20
Ft. Lauderdale, March 3
Brooklyn, NY, March 12
St. Louis, April 9
Go to: www.ioma.com/certification/aptraining.html
MANAGING & EXPANDING YOUR P-CARD PROGRAM and AUTOMATING T&E (two half-day seminars), Feb. 21, Phoenix. Held on the day after the IOMA AP Training (see listing above). Contact: IOMA Customer Service, 800-401-5937, ext. 2; www.ioma.com/AP; www.accountspayable360.com. … Close Snippit | Read Article
There are many complicated formulas and methods for recognizing and rewarding performance. But sometimes, small and simple steps can produce great results—with no fancy calculations and little or no money! Close Snippit | Read Article
Problem: In our latest survey on T&E, 41% of AP pros said that reducing or eliminating cash advances is one of the most successful ways to improve T&E processing. Advances take time to process and then you have to reconcile the GL accounts to track outstanding balances. And doling out cash is never a good idea for internal control purposes. Close Snippit | Read Article
2009
