Receipt

By Pam Miller, APMD The absence of an “R” (for receiving) in the term "procure-to-pay" (P2P), symbolizes the state of receiving in many organizations. While receiving is a function that has… Read More

Q. (cont.) ... in order for AP to pull down their invoices. Do they participate? Or just continue

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Q. (cont.) What is considered acceptable when a BOL or packing slip is not provided? A.

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Q. (cont.) Does anyone have a goods/services receiving policy they can share? We would love to see

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Inaccuracy in the areas of receiving and supplier return processing has a real impact on AP efficiency and on timely payment processing. “Each match failure costs four to six times what it costs to

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Generally, the variance measures the standard cost of an inventory item against the actual cost

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This template is an example of an invoice work flow process for freight invoices. Format Microsoft

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By Pam Miller, APMD Looking for more effective and more efficient ways to get the job done? Take a look at these AP “tricks of the trade” that have been successfully used in AP departments just

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By Pam Miller, APMD It is said that a journey of a thousand miles begins with a single step (attributed to Lao-Tzu). Keeping to that theme, Penny Weller, Senior Director, The Hackett Group, suggested

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Waiting for an invoice to be approved can test the patience of any AP professional. After all, who knows better than AP how tardy approvals can hold up the entire payment process?

Not only does AP

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