Payment

'Electronify' Your Checks for Faster Processing and Cost Reduction

While organizations are striving to make more payments via paper-free electronic methods, paper checks are still the most prevalent way that payments are made. "Since the cost associated with paying

Policy Challenge: All Checks Should Be Mailed Directly to the Payee

By Pam Miller, APMD There are a number of reasons why mailing all checks directly to the payee is sound policy. For example, mailing direct to the payee: Guarantees that the check will be sent to… Read More

SEPA and Allied Irish Bank: A Case Study

Bankers Paul Hogan, Michael Concannon and Norbert Galligan of Allied Irish Bank spent years preparing for February 1, 2014, the initial date set for the SEPA (Single Euro Payments Area) initiative to

How to Deal with 5 Common Vendor Complaints

Vendor complaints are a fact of life in AP—but that doesn’t mean you can’t eliminate the aggravation they bring. All you have to know is how to either stop them from happening or how to respond

Teledyne Brown Engineering Saves Big with E-Payables

Teledyne Technologies Inc. is a leading provider of electronic components, instrumentation, and communications products. The company employs 8,100 people in total. One division is Teledyne Brown

Sun Microsystems: E-invoicing as the Answer to High Growth

Company growth can put a lot of pressure on AP departments—even if they are already highly efficient. Cathie Bush at Sun Microsystems saw this first-hand. Her AP department was very streamlined,

Highmark’s Electronic Billing Solution Processes $8 Billion in Invoices Annually

Based in Pittsburgh, Highmark is Pennsylvania’s largest health insurer based on membership and one of the largest nonprofit insurers in the country. With more than $12 billion in annual revenues,

Evaluated Receipt Settlement (ERS) Saves Briggs & Stratton More Than $600K a Year

Briggs & Stratton’s AP staffers were processing so many invoices every day that there was no time to organize, prioritize, or address problems and issues. To keep up with the workload, accounts… Read More

16 Practices to Ensure Adequate Controls of Your Payments

One of the places that corporations are most vulnerable when it comes to stringent internal controls is the payment process. Before Sarbanes-Oxley, lack of adequate controls in this area only opened… Read More

Spoiled Checks, Like Spoiled Children, Are Best Avoided

Sometimes, in spite of the best controls and intentions, checks are spoiled. For example, the printer runs out of toner or starts crunching up the check stock in the rollers. Or the wrong routing and