Almost all AP departments have some degree of automation but, for many, there’s plenty of room for more.
Payments and Transactions
You’ve seen the skyrocketing stats on identity theft and heard about some dramatic payment data breaches (Heartland, anyone?). It’s enough to make you swear off credit cards … unless this new protection catches on.
Reimbursing employees via debit cards can streamline your processes and boost participation in these healthcare cost cutters. Just make sure you pick the right vendor for the job.
Rising transportation costs are hitting businesses, and the inflated shipping costs are too great for many companies to shoulder. But if you think the only move is to bump up prices, think again.
No surprise here: Health-care costs are expected to rise again in ’09. Fortunately there are some proven ways to keep costs from rising too high.
If you’re usually stuck with uncashed checks that you have to escheat to the state, then it may be time to switch over to this.
These new payment alternatives could get payments in faster without more work.
Have questions about health savings accounts? IRS just gave answers to 42 of them. Is yours on the list?
You know why making and receiving e-payments is a good idea: less paper, better revenue management, streamlined processes, fewer errors, etc. So what’s really standing in the way? And is it a good enough excuse?