Trouble in A/P: 2 cautionary tales for companies of all sizes
It’s long been said that A/P is a cost center. But it certainly doesn’t have to cost this much!
It’s long been said that A/P is a cost center. But it certainly doesn’t have to cost this much!
Granted, nobody in Finance likes the extra hours and added stress that come along with audits. While there’s no way to eliminate the actual audits, there are certain things you can do to make the process run more smoothly.
When you think of the upcoming healthcare reform law and all the finance functions that will be impacted, you likely think of groups like Benefits and Payroll. But there’s another finance department that holds a key role: Accounts Payable.
There are some things you just know: The sun will rise, Friday follows Thursday and if a worker is an employee, he or she can’t be an independent contractor (IC). Well, you might want to double-check your calendar because at least one of these truths has just been discredited.
You know that customers will jump on any excuse to delay paying an invoice. And the invoices themselves can serve as a major one of those excuses.
Good news: Tracking expenses and saving money on the road can get a whole lot easier.
Paperless office? Probably not. But what if a very critical piece of Finance paperwork was getting lost in the shuffle?
Finance departments everywhere have just been handed an incentive to dangle in front of employees to get those expense reports in faster.
We’re all looking for ways to boost cash flow. And one of the best tools to do that may be under your nose as we speak.