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Following are some articles
of interest to Accounts Payable and Purchasing professionals. If
you know of other articles that your colleagues might be interested
in, drop us a note and we'll include it on our
list.
"Seven Practices
That Make A/P Departments Even More Efficient" (IOMA's
Report on Managing Accounts
Payable, January 1997)
"Strategies to Reduce the Potential for Check Fraud at
Your Company" (IOMA's Report on Managing Accounts
Payable, March 1997) - How new guidelines about your bank's
responsibility for fraudulent checks will affect you.
"Love Me, Love My VAR" (CFO Magazine, Mar 97) - Evaluate your
reseller before selecting a midrange accounting system.
"Does Your Computer Need Millennium Coverage?"
(Business Week Online, March 10,
1997) - Insurers are trying to cash in on potential year 2000 problems.
"Software for all Reasons" (CFO Magazine, Feb 97) - A review of
current client/server accounting and financial software.
"Taking Advantage of Suppliers" (Treasury & Risk Management, Jan/Feb
97) - Delaying payments to vendors can payoff for your company.
"How to Maintain Vendor Relationships & Protect Yourself
in a Dispute" (IOMA's Report on Managing Accounts
Payable, February 1997) - Strategies for minimizing vendor problems.
"30 'Great' Ways to Improve Your A/P Systems & Procedures"
(IOMA's Report on Managing Accounts
Payable, February 1997) - Tips for improving your operation.
"Special Report -- Year 2000" (WSJ
Interactive Edition, April 2, 1997) - A joint report by the
Gartner Group and the Wall
Street Journal Interactive Edition on the effects that Year 2000
problems may have on companies.
"And the Winner Is..." (CFO Magazine, Apr 1997) - How to use
scripted demos to pick the right financial software for your company.
"T&E
Software Grows Up" (Controller Magazine, March 1997)
- New T&E software makes the employee payables process more
efficient and cost effective.
"Year 2000 Challenge Offers Opportunity to Upgrade Accounting
Systems" (Accounting Department
Management and Administration Report, March 1997) - Millennium
changes offer accounting executives and opportunity to increase
their profile and upgrade their systems.
"Facing the Inevitable: How to Merge With
Another A/P Dept." (IOMA's Report on Managing Accounts
Payable, May 1997) - How to grapple with the challenge of merging
a/p departments after an corporate acquisition.
"Get a Life!" (Controller Magazine, April 1997)
- How a hobby can help you become a better financial manager.
"New Accounts Payable System Considerations"
(IOMA's Report on Managing Accounts
Payable, May 1997) - A number of issues that professionals should
consider whenever new hardware or software is being purchased.
''Corporate America is fed up with FASB" Business Week Online, April 21,
1997)
"Invoice Amnesty Day" (IOMA's
Report on Managing Accounts
Payable, May 1997) - How to deal with the number of invoices
that come out of the woodwork when new systems and/or procedures
are introduced.
"Exclusive 97 MAP Survey:New Study Benchmarks A/P
Department Costs, Efficiency & Error Rates" (IOMA's
Report on Managing Accounts
Payable, May 1997) - An exhaustive benchmarking study completed
by Managing Accounts Payable to help A/P managers evaluate their
own options.
"How One Department Installed Imaging and Lived to Tell
the Tale" (IOMA's Report on Managing Accounts
Payable, June 1997) - Fidelity Investments Steve Monaco
shares his experience implementing an imaging system.
"REVENGE OF THE NERDS: Can the revolving IT door be stopped?"
(CFO Magazine, June 1997) - Companies'
demand for IT professionals to solve Year 2000 problems has created
a shortage of these workers. Here are some approaches to make sure
you get the help you need.
"Why Use P-Cards?" (IOMA's Report
on Managing Accounts
Payable, June 1997) - Why First Bank Systems started using purchasing
cards
"A/P
Pros Face Real Challenges Upgrading Outdated Software"
(IOMA's Report on Managing Accounts
Payable, June 1997) - Respondents to the 1997 Managing Accounts
Payable Benchmarking Survey offer statistics and opinions on A/P
software.
"5 Techniques to Keep Phantom Suppliers Out of Master Vendor
Files" (IOMA's Report on Managing Accounts
Payable, June 1997) - Protect your company from fraudulent vendors
creeping in without payment authorization.
"A/P
Pros Face Real Challenges Upgrading Outdated Software"
(IOMA's Report on Managing Accounts
Payable, July 1997) - Tips on how to resolve software issues.
"The Morning After" (CFO Magazine, July 1997) - Advice from
executives who have learned that most acquisitions fail due to the
failure to integrate the acquired company after the sale.
"New Workflow System Incorporates Web" (Document
Imaging Report, July 9, 1997) - NovaSoft
Systems has is developing a product that will interface a company's
workflow management system with outside suppliers and customers
via the World Wide Web.
"Supply Chain Brain" (CFO Magazine, July 1997) - Improve cash
flow and reduce capital expenditures by using supply chain management
or finite planning software.
"Power Struggle" (Treasury & Risk Management,
May/June 1997) - How electricity deregulation will change the way
companies
purchase and hedge energy
"IRS Goes Electronic" (Business Travel News, June 23, 1997)
- The IRS agrees to accept electronic data as documentation for
corporate T&E expenses and the retention of paper receipts is
not necessary for expenses charged to corporate cards that meet
given security requirements. IRS Revenue
Procedure 97-22 is a key document to read regarding this subject.
"Reengineering in the Real World" (Management
Accounting, May 1997) - An article about reengineering A/P at Cummins
Engine.
"How Big a Role Will EDI Play in Your A/P Departments
Future?" (IOMA's Report on Managing Accounts
Payable, August 1997) - Despite expected productivity improvements,
only a small number of companies polled are currently using EDI.
"Going with the Flow" (CFO Magazine, August 1997) - The combination
of imaging and workflow technologies is making life a lot easier
in the back office.
"What A/P Mgrs. Need to Know About the New Independent
Contractory Rules" (IOMA's Report on Managing Accounts
Payable, August 1997) - The implications of new IRS regulations
regarding independent contractors.
"How One A/P Manager Used a 'Dear Vendor' Letter to Stretch
Terms" (IOMA's Report on Managing Accounts
Payable, August 1997) - How proper vendor management and leveraging
can save you money.
"An Eye On The Millennium" (CFO Magazine, August 1997) - Why is
the year 2000 being considered both an obstacle and an opportunity
by companies as diverse as Ford Motor Co. and Mercy Health Services.
"Master Vendor File Clean-Up: When Was the Last Time You
Did
Yours?" (IOMA's Report on Managing Accounts
Payable, July 1997) - How cleaning your Master Vendor files
at least once a year can dramatically reduce the odds of experiencing
fraud and making duplicate payments.
"High- (and Low-) Tech Solutions Needed
to Reduce Payment Errors" (IOMA's Report on Managing Accounts
Payable, September 1997) - Details on a talk by Jon Casher president
of RECAP, Inc. about practical solutions for reducing
erroneous payments.
"A/P Troubleshooter Reveals the 3 Biggest
Missed Opportunities" (IOMA's Report on Managing Accounts
Payable, October 1997) - Jon Casher, president RECAP, Inc., shares his insights into the opportunities
in the day-to-day operations that others often overlook.
"Challenge:
Streamline Accounts Payable Operations (Case Study: Comerica Inc.)"
(Banking Strategies) - How Comerica
Inc. used imaging and document workflow to avoid backlogs in accounts
payable.
"Shaking Up the P-Card Status Quo" (Treasury & Risk Management,
October 1997) - Controls and accounting requirements have stifled
purchasing card spending growth at many companies. PanCanadian Petroleum
loosened up, and the results are astounding.
"SAP's Fast Track" (InformationWeek,
September 1, 1997) - The business application vendor's new goal
is to make itself the backbone of enterprise software.
"NT To The Limit" (InformationWeek,
September 1, 1997) - Texaco venture struggles with SAP's R/3 on
NT implementation.
"A/P Benchmarking: Check Runs: How Often Is Too Often?"
(IOMA's Report on Managing Accounts
Payable, October 1997) - Results on survey of how often companies
do check runs.
"Mining Your Accounting Data" (Controller Magazine, September
1997) Data and report mining software, which provides a more effective
way to spot relationships and predict behavior in a sea of data,can
help the accounting department become more than scorekeepers.
"A/P Pros Step Up to the Plate with Solutions
to 'Worst Practices'" (IOMA's Report on Managing Accounts
Payable, November 1997) - Most professionals have heard or read
about best practices for accounts payable. Jon Casher, president
of RECAP, Inc., looks at the world from a slightly
different angle and has identified "worst practices."
He shared his views with the attendees at a meeting of the Boston
chapter of the IAPP.
"Leveraging
the BackOffice Platform" (Controller
Magazine, November 1997) How to choose the right Backoffice
accounting applications and avoid costly mistakes.
How Aetna Took The Paper Out of
Its Payables Operation Brenda Pinette explains how Aetna
Inc. reduced the number of invoices it processed through a variety
of techniques like EDI, EDI to fax, P-cards and consolidated billing.
Do you have a plan administrator for your
purchasing card program? First Bank Systems LaCretia
Bell explainse that a plan administrator is necessary to insure
the success of a program.
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