Payment

By Pam Miller, APMD Moving from a "paper-full" process to a paperless process in AP would certainly count as an AP revolution. Maybe your AP department has already declared a win—in which case,… Read More

When 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.

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Duplicate 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,

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You 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

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How'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

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IOFM contacted Schmidt to ask her to share her secrets about her successful AP operation and her AP best practices. What follows is Schmidt's description of her success with a recent implementation

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A truck arrives with your company's order for 100 widgets. The receiving department opens the boxes and finds that the vendor only sent 80. When accounts payable receives an invoice for 100 widgets,

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In a business with only 90 employees, it's easy for AP to maintain verbal communication with purchasing. "I am surprised when I hear that it takes some AP managers 30 or more days to resolve an issue

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It’s always a good idea for AP professionals to sit down with bank representatives to learn what new services and processes are available. It's an excellent way to develop a partnership that can

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Mailroom or AP? Who Does What? The first decision is how much should the mailroom do? The mailroom is usually equipped with a "jogger" that can shake the contents to the bottom of the envelope so

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