Payment

Capturing Vendor Discounts for Early Payment

Not long ago a lot of folks were concerned about capturing Pokemon on the go—but capturing vendor discounts in Accounts Payable is, well, actually important! And the more discounts AP is able to

FedEx on the Pursuit and Capture of Discounts

When AP departments process payments timely and accurately, they not only keep management and vendors happy, they ensure that their companies garner valuable discounts from their vendors. One

ACH Enrollment Letter and ACH Enrollment Form

By Pam Miller, APMD Eliminating checks is a worthy goal. Checks are expensive in terms of raw material and labor. They also can get lost in the mail, fail to get deposited in a timely manner (which

The 5 Enterprise Benefits of Migrating to Electronic B2B Payments

Efforts to improve Accounts Payable through invoice processing automation have largely been undermined by the quadruple-whammy of:

Tight capital budgets
A lack of IT resources to support automation

Going Big: Hackers Target Banks Via Wire Transfers

In 2015 and 2016, a number of cyberattacks on banks were conducted using the SWIFT (Society for Worldwide Interbank Financial Communication) network. SWIFT is a Belgium-based global cooperative of

Growing Successful P-Card Programs at the City of Tacoma

The prospect of building a brand new procurement card (P-Card) program from scratch seems daunting, but it doesn’t have to be if you take a holistic approach, according to JoAleen L. Ainslie, CPCP,

Check Security: Thresholds and Signing Practices

Although research shows that the number of organizations that use check payments is decreasing, many organizations are still relying heavily on these paper remittances. With check fraud still the… Read More

Catching Errors Is ‘Mission Possible’

By Pam Miller, APMD Accounts Payable handles thousands of incoming documents, many of which are inconsistent, incomplete, and inaccurate. Despite these considerable challenges, AP must enter, verify,

What Is a Payments Factory—And Is One on Your Company’s Horizon?

If you’re an AP or P2P professional—or AR or O2C pro—and especially if your company has global reach and has implemented some degree of shared services for finance and accounting functions, you

Duplicate Payments: An Ounce of Prevention, a Pound of Cure

The primary role of AP is to pay invoices accurately and on time. That means paying each individual invoice once and only once! Yet duplicate payments in AP can happen for a number of reasons—and… Read More