‘Activity-based billing’: the right move for managing cash flow?
More and more small and midsize businesses are changing the way they charge their customers — and in most cases, it’s music to a CFO’s ears.
More and more small and midsize businesses are changing the way they charge their customers — and in most cases, it’s music to a CFO’s ears.
Companies looking to slash overhead costs by outsourcing A/P functions should be careful to avoid making these common mistakes.
Cloud-based accounting technology continues to evolve into an attractive idea for Finance. But there are a few reasons why you may want to put the breaks on making the switch.
With a year of many firsts just completed, everybody is on the hunt for ways to ensure stability in the new year. Here are five New Year’s resolutions for Finance in 2009.
Whatever level of automation your Accounts Payable department is at, there are still basic invoice-processing principles most staffers need to follow.
Ever felt like you were presenting to a group of zombies? There are plenty of ways to lose a crowd. But fortunately there are also lots of ways to keep your audience from zoning out and remembering your key points.
Sometimes, customers don’t pay on time. Often, the fault lies with the customers. However, there’s a chance that the invoices you’re creating and sending could have a hand in this problem. Over the years, we’ve seen that companies are taking longer to pay their receivables. Instead of 30 days, it ballooned to between 45 and […]
A majority of businesses are now accepting credit card payments from companies — but how often?
When it comes to automation, what ranks highest for your departments?
For a while, vendor portals were great because A/R staffers didn’t have to spend so much time on the phone with your customers’ A/P departments to check the status of invoices or track a purchase order. However, over time your A/R staff may have accumulated so many login credentials for all the portals they use […]
Finance staffers have been urging employees to ask questions and shop around for less-costly, high quality health care for years now — and it looks like many employees are finally heeding the call.
It’s important to have a process in place to review purchase orders and invoices. And it’s key to double-check that payments seem appropriate for the supplies you’re receiving. One fraudster took advantage of his company’s lack of checks and balances to steal more than $20 million. Elliot Kleinman, a former facility manager from Bel Air, […]
The A/P department usually presents an attractive target for fraudsters. So ensuring your anti-fraud controls are up to snuff is vital — particularly when it comes this exposure.
There’s so much hoopla around whether or not the Postal Service will eliminate Saturday delivery. But here’s what should really have you concerned.
You’d think passing Math 101 would be a requirement to help run a major organization. That may not be the case once you take a gander at some of these gigantic math gaffes.
Almost all AP departments have some degree of automation but, for many, there’s plenty of room for more.
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