IOMA/TAPN AP CERTIFICATION PROGRAM
Register now for a one-day intensive AP review class to prepare for the AP Certification Exams. Classes will be held in:
AP AMID TOUGH TIMES:How One AP Manager Eased Her Company’s Cash Flow Woes;
TECHNOLOGY: Ten Reasons Why Now Is the Perfect Time to Automate AP;
IRS COMPLIANCE: Time to Get Your 1099 Freelancers & Employees Straight;
YOUR CAREER: Big Changes Keep the IOMA/TAPN AP Certification Program
#1 in Its Market;
AP Calendar;
AP OPERATIONS: Hidden Costs Can Dull the Edge of Outsourcing AP;
T&E BENCHMARKS: New Aberdeen Study Reveals Best-in-Class T&E Management;
News Briefs;
AP Managers’Forum Close Snippit | Read Article
Virtually every AP department is getting pressured to help its company enhance cash flow. Business is down, bank borrowing is tight, and corporate balance sheets are a mess. Fortunately, AP is in a position to come to the rescue. Here is one AP manager’s story. Close Snippit | Read Article
As the old saying goes, "Strike while the iron is hot." Automation is the hottest trend in AP today, and there is no better time than now to jump on the bandwagon. If you’ve looked into AP automation at all, you know that some of the reasons to move ahead with it right away are very clear. But others are a little more obscure, but important just the same. So let’s take a look at the top 10 reasons for automating AP, which will give you plenty of ammunition when you go to get budget approval. Close Snippit | Read Article
Now more than ever companies need to have their policies in order regarding whether workers are employees or Form 1099 independent contractors, according to speakers at the recent annual conference of the American Payroll Association. The Internal Revenue Service (IRS) is "under great pressure to close the tax gap," and the agency is likely to step up scrutiny in this area. Close Snippit | Read Article
The numbers tell the story: Over 3,000 AP professionals have now been certified in the United States and internationally by the IOMA/TAPN AP Certification Program. In addition, a spectrum of Who’s Who of AP departments has also been certified—some of the more recognizable organizations include Booz Allen Hamilton, the Federal Reserve Bank of New York, Hasbro, MetLife, Merrill Lynch, Owens Illinois, and Vanguard. (For the full list, go to www.accountspayable360.com/graphics/APCertTable.pdf.) Close Snippit | Read Article
IOMA/TAPN AP CERTIFICATION PROGRAM
Register now for a one-day intensive AP review class to prepare for the AP Certification Exams. Classes will be held in:
Close Snippit | Read Article
In today’s climate of cost reduction, the issue of outsourcing AP is bound to come up in most companies. That’s because farming out all or part of the AP function is perceived as a cost-cutting strategy. However, some costs of outsourcing tend to get overlooked. That means there’s a danger of making the decision to outsource when you really should have left things alone. Close Snippit | Read Article
Three-quarters of companies polled say they have some level of automation for managing employee travel and entertainment (T&E) expenses, according to a new report from the Aberdeen Group. The use of automated solutions has risen 19 percent since Aberdeen’s last report in 2007 because of the need to better manage T&E policy compliance, improve spend visibility, streamline processes, and cut costs. Close Snippit | Read Article
DO AP PROS TWITTER?
On the AccountsPayable360 Web site (www.accountspayable360.com), a regular mini-poll is conducted. One recent question asked about the use of social networking sites by AP professionals. Over two-thirds of respondents say they do use a social networking site regularly, the most popular being Facebook and LinkedIn (see chart below). MAP expects the use of these sites to grow as AP professionals discover the value of networking with their colleagues.
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TIME-SAVER FOR MONTH-END CLOSE
Problem: The month-end close for AP can be a real thorn in the side, especially when accrual information is not readily available. "We spent a good deal of time tracking down accrual information at the end of each month," explains a director of AP operations (pharmaceuticals, eight full-time in AP).
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2010
