Policies & Procedures

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A chilling observation from Disaster Recovery Planning (disaster-recovery-planning.org) reveals that “a company that is denied access to mission-critical data for more than 48 hours will be out of

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By Pam Miller, APMD The importance of an updated AP policies and procedures manual is underscored by the requirement included in the Sarbanes Oxley law that publicly owned organizations must document

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Here are five areas in which your organization can get in trouble if your AP staffers fail to keep private information to themselves. Payroll-Related Information While AP does not have access to

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By Pam Miller, APMD For those AP departments converting vendor payments from check to ACH, it is an ironclad rule that all banking information (routing and account numbers) be maintained in a secure

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The Purchasing Card (P-Card) is an effective tool to streamline the purchasing and payment process, particularly for low value transactions. According to Lynn Larson, founder and president of

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The digital signatures can be verified for signer identity, intent, and content integrity by any recipient without the need for proprietary validation software or third-party support. Paired with

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Just Assume Using a process called “assumed receipt,” payments up to a certain amount are made directly off of a purchase order and an invoice (and sometimes just the PO alone). There is no

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Current UCC Codes outline specific check fraud responsibilities for banks and corporations. Court decisions have established guidelines for legal responsibilities, and failure to meet these

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While accounts payable strives to keep data and equipment secure, many AP employees fail to take into account one of the most basic security safeguards at their disposal – the passwords to their

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By Pam Miller, APMD It can be difficult to move AP from the manual world to the electronic one. Obtaining funding, determining which technology is the right fit for your AP operation, and training

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