Payment

Should your Purchasing Policy Enforce POs for All Transactions?

by Kurt Albertson and William A. Smith – The Hackett Group I. Executive Summary Many companies have spent considerable effort on automating and refining their purchase-to-pay (P2P) process. Two

Integrated Payables Solutions: Understanding the Net Present Value

by Jennifer B. Dunn, CTP Senior Vice President, BB&T The Challenge After years of ever-changing predictions and much debate about the eventual disappearance of the paper check, we are, at long… Read More

Outsourcing Freight Bills

Payables Outsourcing: Freight Bills "Big business … will not necessarily be the one that employs a great many people. It will be the one that has substantial revenues and substantial results -

Canada's Automated Clearing Settlement System

In Canada, the organization responsible for clearing and settling payments is the Automated Clearing Settlement System (ACSS). Created in 1984 as a branch of the Canadian Payments Association, the

Guide to Purchasing Card Implementation

Many businesses have implemented purchasing card programs but the question is, are those initiatives successful? “A big mistake that companies make when they put a purchasing card program in place

Freight Audit and Payment Best Practices — The Basics

The Front End Keep track of paper invoices as they arrive – log them, stamp them, batch them, image them. Ask carriers that send paper bills to use a trackable shipping method. Keep track of

Million Dollars to Ship a Washer: Are Your Controls Tight Enough?

If one of your vendors was inflating shipping charges, would you be able to detect it? Would your automated freight payment system flag the error or approve it for payment? While in most cases

In-House Freight Auditing and Payment Tools

Contibued by Gary Oswald Freight charges can represent up to 5 -10% of a company's total expenses. Fuel surcharges are driving that cost even higher. And shippers are looking to get a handle on the

EFT Definitions and Comparative Cost

Background Electronic Funds Transfer or EFT is simply any method of transferring funds electronically from one bank account to another without producing a check. Two types of EFT commonly used in

Best Practices for Purchasing Card Programs

Purchasing cards originated in the late 1980s and began to catch on in the mid-1990s as a financial re-engineering tool to streamline accounts payable processes. Originally targeted for small-dollar