SOURCE: The Accounts Payable Network

The Accounts Payable Network

June 26, 2013 11:00 ET

Just Published: Accounts Payable Best Practices Guide

Introducing a Comprehensive Resource With Hundreds of Proven Best Practices Designed to Help Accounts Payable Professionals Improve Productivity and Efficiencies and Stay in Compliance

ATLANTA, GA--(Marketwired - Jun 26, 2013) - The Accounts Payable Network announces the publication of The Ultimate Guidebook of Accounts Payable Best Practices: Proven Practices for Running a Successful AP Department. This 345-page, guide is the complete resource for expert insights and advice on how to get to best-in-class performance.

This just-published, authoritative guidebook will help accounts payable professionals:

  • Avoid devastating penalties and fines assessed due to noncompliance with federal and state regulations
  • Save time and money by streamlining invoice processing
  • Implement controls to eliminate or mitigate risk
  • Prevent and detect vendor fraud
  • Discover the latest strategies for invoice automation and the steps to migrate to new technology solutions
  • Set the right tone to improve Accounts Payable department employee morale, motivation and productivity
  • Overcome communication problems with accounts payable's internal and external customers
  • Learn how to implement purchasing cards
  • And much, much more!

"This executive report is a compilation of many years of research, benchmarking, policies development, in-depth case studies and much more from the leading accounts payable website, TheAccountsPayableNetwork.com (www.TAPN.com)," said The Accounts Payable Network's CEO, Phil Binkow. "This book is dedicated to the thousands of TAPN members and subject matter experts who have shared their proven best practices and experiences over the past ten years -- this guidebook would not have been possible without them."

"In order for AP to transition from a back-office, 'bill payer,' function to a strategic business partner that impacts the company's bottom line in a visibly positive way, AP must implement best practices to remove process inefficiencies," said Judy Bicking, former Johnson & Johnson Global Accounts Payable Director, author and speaker on Accounts Payable. "Who has time to evaluate, discover, and develop these new processes? Now there is an Accounts Payable guidebook containing proven best practices, sample forms, policies, checklists and much more right at your fingertips. Implementing these best practices in an AP department will reduce processing cost, increase productivity, prevent fraud and ensure compliance to laws and tax regulations."

The guidebook covers best practices in the following areas:

  • Vendor Master File Management
  • Invoice Processing
  • Payment Practices
  • AP Audits, Internal Controls & Fraud Prevention
  • AP Relationships Management
  • Purchasing Cards
  • AP Automation
  • Innovative Value-Adding Practices
  • Shared Services, Offshoring and Outsourcing
  • Travel & Entertainment Reimbursement
  • Tax & Regulatory Compliance
  • Metrics and Benchmarking
  • Leading the AP Department
  • Managing Change

TAPN's Ultimate Guide of Accounts Payable Best Practices is an excellent resource for every AP department, providing extensive insights, information and tools not just to keep up, but to get ahead of the curve.

For information on how to order the guide, go to TheAccountsPayableNetwork.com/APBestPractices.

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