Payment

By Pam Miller, APMD A common mistake in accounts payable departments is paying the wrong vendor. Sometimes it happens because vendors have similar names. Other times it happens simply because AP

By Pam Miller, APMD For those AP departments converting vendor payments from check to ACH, it is an ironclad rule that all banking information (routing and account numbers) be maintained in a secure

The Purchasing Card (P-Card) is an effective tool to streamline the purchasing and payment process, particularly for low value transactions. According to Lynn Larson, founder and president of

by Lynn Larson, NAPCP Within the Purchasing Card (P-Card) industry, the subject of revenue sharing tends to receive a lot of attention. These financial incentives, when offered by card issuers to

Purchasing cards are everywhere. AP & P2P benchmarking data reveals that 60 percent of all organizations use a p-card. Thirty percent of the organizations that do not have a program say they plan

Vendors for years have used invoice discounts as a means to entice buyers into paying sooner. Under standard discount terms, such as 2/10 Net 30, buyers receive a 2 percent discount by paying their

Organizations have a variety of payment methods available to them, each with its own unique processes. Whether you are paying a supplier with a check, an ACH transaction, or a purchasing card, the

Manual check signing can be a cumbersome process that is time consuming and uses valuable accounts payable resources that could otherwise be utilized within another AP function. Many AP departments

The ultimate focus of accounts payable process improvements has long been to cut paper. After all, paper is expensive. Processing a single paper invoice from receipt to payment can cost between $4

At first glance, wire transfers appear to be something to avoid entirely. They are expensive to send and receive and, once initiated, cannot be reversed. Despite these issues, when properly leveraged