Outsourced

Q.  We print approximately 45,000 checks annually and we're looking for a vendor that could take over this process. Does anyone work with such a vendor? If so, do you have any feedback on your… Read More

Q. I would like to know if anyone on the Advisory Panel uses a vendor to perform ACH verifications. If so, what vendor do they use and what is their success rate? Also, what was the ease of… Read More

Whether you're gearing up for a new season of 1099 reporting or conducting a post-mortem of your 1099 prep process, you may well be thinking, "There must be a better way!" If 1099 management… Read More

Q. With the recent move to remote AP, we were still in the position of having someone go in to process checks. We have begun looking at outsourcing the printing of checks for vendors that we cannot… Read More

Q. How do you feel about outsourcing AP to different countries for US company businesses? A. (Answered by the IOFM Advisory Panel) ----- I think all options should be on the table, in order to… Read More

Hire a lawyer who specializes in outsourcing to craft a contract that covers all potential risks. Insist that the vendor accept your contract form; never sign a cookie-cutter agreement. Watch what… Read More

Is the vendor experienced in the kind of auditing, management or payments that your corporation wants it to perform? To answer the question, consider: How many years has the company been in… Read More

Q. I'm wondering if you can guide me about best practices for shared services when we also use an outsourcing company. Specifically with corporate cards (T&E/P-cards), what is the… Read More

Chip Johanni was an accounts payable manager at a large insurance company for close to 15 years before becoming a full-time continuous improvement consultant. His AP department had 40 AP associates,… Read More

Q. (cont.) In order to qualify for an exemption of Japan physical invoice filing, we are required

… Read More