Once year-end responsibilities die down, your A/P department can finally focus on its agenda for the rest of the year.
Sure, Accounts Payable is typically seen as a cost center. But as you set budgets for next year, there’s a viable opportunity to turn your department into a profit center through tracking A/P metrics.
It’s time for your staff to receive some well-deserved appreciation! A/P Recognition Week will be celebrated Oct. 9 through Oct. 13.
When you think of the upcoming healthcare reform law and all the finance functions that will be impacted, you likely think of groups like Benefits and Payroll. But there’s another finance department that holds a key role: Accounts Payable.
When it comes to the valuable commodity of time, most Finance workers simply don’t have enough. But for A/P pros in particular, that shortage is getting expensive.
Could your company be unnecessarily handicapping itself when it comes to getting invoices through the A/P process in time to earn discounts?
Of all the strict IRS requirements your finance team strives to meet at year-end, accurate 1099s and W-2s hit the top of the list.
Finance deals in numbers all day. But how often are you generating numbers to find out how efficient your finance team is?
You know how it works: One of your finance staffers receives an email from your CEO urging him to make an immediate wire transfer. He complies … and your company just fell victim to the classic business email compromise (BEC) scam. Well … Turns out this fraud is evolving as fast as employers can keep […]
Going forward, you may need to change the way you pay some people, thanks to worker classification changes in the Golden State.
You and your Accounts Payable folks have probably seen some questionable things staffers tried to slip through on reimbursement. Bet they were never as bad as many of these!
We’re all looking for ways to boost cash flow. And one of the best tools to do that may be under your nose as we speak.
The relationships your department forms with trading partners can have a big impact on your financial success and well-being. When relationships are positive, you see more discounts, favorable terms and long-lasting partnerships. But when relationships struggle, you face late fees, cut ties and maybe even costly lawsuits. Unfortunately, miscommunication and misunderstandings are common occurrences between […]
Due to the coronavirus pandemic, your finance department has undoubtedly received some expenses that weren’t necessarily accounted for in your T&E budget.
Despite all the warnings your finance staff hears about email scams, it’s all too easy for them to forget those warnings during a busy workday.
In an uncertain and evolving world, digitization is necessary. Your A/P and A/R teams can’t be bogged down by outdated routines and mundane work.
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