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Is Your Master Vendor File Ready for a Cleaning?

icon Article  •  posted 11/13/10

This time of the year is a good time to consider implementing the best practice of purging the master vendor file. That is, vendors with no recent history should generally Continue…

How One AP Pro Uses Process Mapping to Improve Operations

icon Article  •  posted 11/13/10

A “process map” is an invaluable tool to use for improving your AP operations. It’s simply a picture of how the work flows and who does what for a particular Continue…

Which ACH Services Can You Get at Discount Prices?

icon Article  •  posted 11/13/10

A recent study reveals that the use of automated clearinghouse (ACH) payments is widespread   and that most companies get discount pricing for ACH services.   Cash Management Middle Market Continue…

How AP Can Avoid Getting a Black Eye From the Auditors

icon Article  •  posted 11/13/10

During an audit of a school in California, auditors found so many questionable business practices—including some that involved AP —that unless the problems were fixed, the school would be shut Continue…

Sample Agreement to Help Improve Customer Service and Relations

icon Article  •  posted 11/13/10

AP departments, particularly in a centralized or shared-services setup, should use a service level agreement (SLA) to manage their operations. A very basic SLA is provided here as a sample—feel Continue…

Details Emerge on Surprise IRS Audits That Will Pull In AP

icon Article  •  posted 11/13/10

By now the Internal Revenue Service has sent out notices to some of the 6,000 employers chosen at random as part of a crackdown on misclassifying workers as Form 1099 Continue…

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Featured Topic: Management and Career Development

Managing Vendor File Costs Organizations $1,000 Per Supplier Per Year

icon Article  •  posted 01/27/12

The old expression is "garbage in, garbage out." If you want to have accurate information to report on, keep your master vendor file clean and updated.  Continue…

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