Payment best practices

July 31, 2019

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Q. What is best practice for the payment process? Should the Accounts Payable department oversee the entire check-run process?  At my current organization our check run process is a 2-part process: The first piece is run in our ERP system, which is run by AP staff, but the second piece involves sending the report to the bank using intellecheck and that is run by "business services." Do you see any internal control issues with this?  A. (provided by the IOFM Advisory Panel) ----- For our check…

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