These days, everyone is on the hunt for quick ways to save a buck. But if you fail to account for the bigger picture, your savings strategy could end up costing you big time — just look at Toyota.

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Tags: Execs, Floor mat, Full recall, Lexus' gas pedal, Limited callback, PR nightmare, Toyota, Toyota memo

Even if your firm can’t afford to outsource an audit of Accounts Payable, you can bring some of outsourcing’s most successful tactics into your processes.

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Tags: A/P savings, Accounts Payable, Contracts, Credits, Duplicate payments, Invoices, Refunds, Sales tax overpayments, Self-audit, Unclaimed discounts

In the heart of winter, CFOs may dread looking at damage caused by their company’s heating bill. But even the smallest adjustments to the thermostat can save some major cash.

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Tags: CFOs, Dr. Leo Marvin, Facilities manager, Heating bills, High-traffic areas, Small tweaks, Termperature changes, Thermostat

Conventional wisdom used to be if you were going to buy technology, invest in the best/newest available. But that wisdom has been turned on its head recently.

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Tags: IDC survey, IT equipment, Newest technology, Redemtech, Refurbished, Storage equipment, Vintage IT gear

By and large, the majority of A/P departments are taking advantage of most of the discount terms that their vendors offer. Where does your firm stand? 

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Tags: A/P departments, Approvers, Discount terms, Invoice, vendors

For finance chiefs, employee participation rates still fall well short of what they’d like to see when it comes to this.

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Tags: Direct deposit, Finance chiefs, Pay option, Paycheck, Savings account, Streamline processes

Sure, simple keying errors are bound to happen. But with almost three-fourths of all improper payments resulting from these types of mistakes, it’s worth taking some extra steps to prevent them.

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Tags: Automation, Billing mistakes, Duplicate invoices, Improper payments, Keying errors, Recurring payments, The Aberdeen Group

Whether it’s your salespeople courting prospective clients or staffers attending important industry conferences and seminars, T&E plays an important role in most firms.

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Tags: approvals, Industry conferences, Prime floor space, Seminars, T&E spending, Trade shows

At this point, most managers understand the myriad of advantages that come from cross-training. But could your finance department benefit from an even more formalized cross-training process?

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Tags: Experts, Formal cross-training process, Payroll, Strategies, Strong communicators, Superstars

Newton may have rethought his theory that “what goes up, must come down,” if he lived to see the increases in healthcare costs over the past decade.

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Tags: Aon Consulting, Benefits & Talent Survey, Deductibles, Dependent eligibility audit, Employee contributions, Health Care Cost Survey, healthcare costs, Towers Perrin