Outsourced

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

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Q. (cont.) We would love to hear if any other APP2P members are using an outside company for

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Business process outsourcing, or BPO, can alleviate much of the back office data entry functions of an accounts payable department, but not all implementations are brilliantly successful. The… Read More