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Sometimes, in spite of the best controls and intentions, checks are spoiled. For example, the printer runs out of toner or starts crunching up the check stock in the rollers. Or the wrong routing and
… Read MoreLate payments cause a variety of problems for accounts payable departments, including late fees, damaged vendor relationships, and possible disruptions to the supply chain. Could late payments also
… Read More“Our AP department was experiencing a very slow and almost null response from suppliers when trying to move them away from check payments,” says Chris Wissinger, Supervisor, Accounts Payable at
… Read MoreMariann Cumbo, accounts receivable and accounts payable manager at Clarke, a Chicago-based environmental products and services company, recently needed to determine how to process payments more
… Read MoreBy Pam Miller, APMD The wide variety of invoice formats can present a major headache for AP and one for which an easy solution is not readily available. Finding the necessary information to be
… Read MoreWhen St. Luke’s University Health Network (Bethlehem, PA) experienced a rapid growth period two years ago, the AP department needed to implement some new strategies to increase efficiency.
… Read MoreDuplicate payments are a critical problem for AP, according to Gaurav Pahwa, Manager—Finance and Accounting at Pradeep K. Gupta Accountants (Melville, NY). "They can increase operational costs,
… Read MoreYou may feel you have no choice but to mandate e-invoicing, particularly if you are expected to show a timely return on an automation investment. But taking a tough stance could put AP's relationship
… Read MoreHow's this for a process? Your warehouses send AP (via overnight delivery) all the receipt forms, (or "receivers") from delivered goods. AP then matches the receivers to the invoices prior to
… Read MoreWhat are you waiting for?