AP Dept. Upgrades Its Invoice Imaging to ‘Intelligent Scanning'

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Managing Accounts Payable

July 2008

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Technology is advancing so rapidly that what was a perfectly adequate system a few years ago can now be antiquated. Plus, AP departments are being asked to do more with less, so a system upgrade may be just what the doctor ordered.

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July 2008 Table of Contents [ toggle snippets ]

MAP July 2008 (Full PDF Issue)
P-CARDS: New IOMA Research Reveals What Drives P-Card Growth the Most;
AP TRANSFORMATION: How to Sell Your AP Dream Project and Leverage Its Success;
TECHNOLOGY: AP Upgrades Its Invoice Imaging to ‘Intelligent Scanning’;
MANAGEMENT: 12 Ways One AP Pro Turns ‘Change Resistors’ Into ‘Change Champions’;
News Briefs (July 2008);
AP Calendar (July 2008);
AP Managers’ Forum (July 2008)
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P-CARDS: New IOMA Research Reveals What Drives P-Card Growth the Most
A purchasing card (p-card) program benefits AP by cutting the cost of invoice processing. That’s because the p-card is used to purchase low-dollar items, eliminating all those small-dollar invoices that would otherwise have to be processed. Therefore, growing your p-card program to its optimal size—which will be different for all organizations—is the order of the day.
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TECHNOLOGY: How to Sell Your AP Dream Project and Leverage Its Success
In the last article featured here, a veteran AP pro explained how to lay the groundwork to get the budget you deserve for your dream projects. The next challenge is to sell the project. And if you get the green light, you’re not done. There are several important steps to take that will help you leverage the success of the project into getting the OK for more.
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AP Dept. Upgrades Its Invoice Imaging to ‘Intelligent Scanning'
Technology is advancing so rapidly that what was a perfectly adequate system a few years ago can now be antiquated. Plus, AP departments are being asked to do more with less, so a system upgrade may be just what the doctor ordered.
Close Snippit | Read Article
12 Ways One AP Pro Turns ‘Change Resistors’ Into ‘Change Champions’
How many times have you tried to implement change only to butt heads with those difficult employees we call “change resistors”? You probably don’t have enough fingers on both hands to count all the times. Bringing about change is one of the toughest jobs a manager can do. That’s because most people naturally fight it. So managers need to develop strategies to help staff handle change and to encourage them to become “change champions”—to actually embrace changes.
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Coming in Future Issues of Managing Accounts Payable:
Performance Metrics of World-Class AP Departments Latest IOMA Research Sorts Out Electronic Invoicing Options New Survey Benchmarks T&E Processing Operations How One AP Department Combined an ERP Conversion With an AP Makeover Effective Communication of AP Policies & Procedures New Research Reveals P-Card Program Controls and Audit Policies How to Build Stronger Ties With Internal and External Customers Highlights From Key Conferences: Paper-Free AP, IOMA’s Annual AP Conference, & Expo…
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News Briefs (July 2008)
GET YOUR PHONE INVOICE TAX REFUND? Millions of organizations have not, according to a Treasury Department report—but there’s still time. Your organization can file an amended tax return and claim the 2006 phone tax refund. This is a refund of long-distance telephone excise taxes that your organization could have claimed on its 2006 federal income tax return. You can either use a formula to estimate the refunds or pull out old phone invoices to calculate an…
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Accounts Payable Calendar (July 2008)
IOMA AP TRAINING The IOMA AP Training Seminar: The Best Training Program Available for Accounts Payable Professionals San Jose, Calif., July 16; Nashville, Tenn., July 23; Portland, Ore., Aug. 13; Toronto, ON, Aug. 20; Atlanta, Sept. 10; Boston, Sept. 17; Las Vegas, Oct. 15. Go to: www.ioma.com/certification/aptraining.html AP BEST PRACTICES & EFFECTIVE ADMINISTRATION, July 15, Dallas; July 24, Nashville, Tenn.; Aug. 5, Atlantic City, N.J. Conducted by Goodman & Associates. Register through IOMA. Contact: Eric Fink at 973-718-4704 or…
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Accounts Payable Managers’ Forum (July 2008)
AP TRAINING CLASSES PAY OFF Problem: Reimbursing employees for travel and entertainment (T&E) expenses was taking too much time, reports an AP specialist at a small (300 employees) manufacturer.
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