Payment

A truck arrives with your company's order for 100 widgets. The receiving department opens the boxes and finds that the vendor only sent 80. When accounts payable receives an invoice for 100 widgets,

In a business with only 90 employees, it's easy for AP to maintain verbal communication with purchasing. "I am surprised when I hear that it takes some AP managers 30 or more days to resolve an issue

It’s always a good idea for AP professionals to sit down with bank representatives to learn what new services and processes are available. It's an excellent way to develop a partnership that can

Mailroom or AP? Who Does What? The first decision is how much should the mailroom do? The mailroom is usually equipped with a "jogger" that can shake the contents to the bottom of the envelope so

By Pam Miller, APMD A common mistake in accounts payable departments is paying the wrong vendor. Sometimes it happens because vendors have similar names. Other times it happens simply because AP

By Pam Miller, APMD For those AP departments converting vendor payments from check to ACH, it is an ironclad rule that all banking information (routing and account numbers) be maintained in a secure

The Purchasing Card (P-Card) is an effective tool to streamline the purchasing and payment process, particularly for low value transactions. According to Lynn Larson, founder and president of

by Lynn Larson, NAPCP Within the Purchasing Card (P-Card) industry, the subject of revenue sharing tends to receive a lot of attention. These financial incentives, when offered by card issuers to

Purchasing cards are everywhere. AP & P2P benchmarking data reveals that 60 percent of all organizations use a p-card. Thirty percent of the organizations that do not have a program say they plan

Vendors for years have used invoice discounts as a means to entice buyers into paying sooner. Under standard discount terms, such as 2/10 Net 30, buyers receive a 2 percent discount by paying their