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Meeting AP Challenges in Healthcare
- 2:55 pm
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Accounts payable is subject to a lot of strange rules and regulations. Few industries feel this pain as well as businesses in healthcare. AP in healthcare faces a series of unique set of challenges because of information laws like HIPAA and […]
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Expense Report Fraud with Extreme Consequences
- 2:29 pm
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Dubious expense reporting is a quiet scourge in the office world. Unfortunately for one man, there was suddenly noise everywhere over his reimbursements. Sasha Frere-Jones, a music writer for the LA Times, left suddenly after a preliminary investigation into his […]
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Managing Your Accounts Payable Cash Flow
- 2:09 pm
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Having reliable cash flow is one of the most important aspects of finance for a business to consider when evaluating their solvency. In a delicate balance of payments received, operating expenses, and unexpected expenses, monitoring cash flow and keeping it […]
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The Metric That Is Costing You Money and How to Fix It
- 9:06 am
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Maintaining a good accounts payable turnover ratio is a delicate balance of efficiency, cash management, and vendor terms. Also called the Accounts Payable Days Formula or simply “Creditor Days”, this is a formula to calculate a “turn”-the number of AP […]
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Your Vendors Should Email Invoices-Here’s Why
- 12:30 pm
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Despite our technological progress over the last ten years, businesses are still riddled with paper requirements. The IRS requires hard copy documents to be maintained for at least seven years. Some state laws mandate businesses keep hard copies for everything […]
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How Effective Is AP Automation?
- 4:18 pm
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Automation is a hot topic in Accounts Payable today, but is it really as good as it sounds? Turns out, top researchers are finding that accounts payable automation does save a significant amount of time and money. Automating the AP […]
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Financial Priorities in 2016
- 6:16 pm
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The results of the 2016 Finance Priorities Survey from the Financial Executives Research Foundation and Protiviti is summarized in an assessment titled Maintaining Margins While Staying Vigilant. This survey gathered information from more than 650 CFOs, VPs of finance and […]
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Reduce Costs With Automatic AP Software (old)
- 10:07 am
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The Accounts Payable (AP) department is often one of the slowest to switch over to automation software. You might worry that it will cost too much money, or reduce your control over company finances, or won’t actually save time. These […]
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Three Tips to Curtail Maverick Spending
- 11:53 am
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In some companies, Maverick spending can account for up to 80% of purchases made. That’s 8 out of every 10 purchases that don’t line up with purchasing rules established by corporate procedures. If this goes on unchecked, the company is […]
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