Payment

When AP departments process payments timely and accurately, they not only keep management and vendors happy, they ensure that their companies garner valuable discounts from their vendors. One

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By Pam Miller, APMD Eliminating checks is a worthy goal. Checks are expensive in terms of raw material and labor. They also can get lost in the mail, fail to get deposited in a timely manner (which

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In 2015 and 2016, a number of cyberattacks on banks were conducted using the SWIFT (Society for Worldwide Interbank Financial Communication) network. SWIFT is a Belgium-based global cooperative of

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The prospect of building a brand new procurement card (P-Card) program from scratch seems daunting, but it doesn’t have to be if you take a holistic approach, according to JoAleen L. Ainslie, CPCP,

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Although research shows that the number of organizations that use check payments is decreasing, many organizations are still relying heavily on these paper remittances. With check fraud still the… Read More

By Pam Miller, APMD Accounts Payable handles thousands of incoming documents, many of which are inconsistent, incomplete, and inaccurate. Despite these considerable challenges, AP must enter, verify,

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If you’re an AP or P2P professional—or AR or O2C pro—and especially if your company has global reach and has implemented some degree of shared services for finance and accounting functions, you

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  The primary role of AP is to pay invoices accurately and on time. That means paying each individual invoice once and only once! Yet duplicate payments in AP can happen for a number of… Read More

Before accounts payable at the County of Bernalillo, New Mexico, went through a major upgrade, AP was in constant crisis management mode and every invoice was a rush due to delays and… Read More