Accounts Payable Recovery Audits – What Are They and Why Should They Be Considered a Best Practice?
What is an Accounts Payable Recovery Audit? Quite simply, it is a review of your Accounts Payable historical data for the purpose of identifying and recovering funds paid to your […]
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Accounts Payable & Covid-19: Preparing for the Short-term Impacts and Examination of what Lies Beyond
More rapidly than anyone would have imagined, the Coronavirus has placed a greater strain on businesses worldwide more than any other natural phenomenon in recent memory. Before it ends, this […]
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Is an Accounts Payable Recovery Audit a Service or a Commodity?
When shopping for a firm to provide Accounts Payable Recovery Audit services, all too often many organizations treat that practice as though they were buying a commodity. Some organizations believe […]
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Vendor Master Database – The Cornerstone to a Successful Supply Chain
Vendor databases can go by different names depending on your industry and company: Vendor Master, Supplier Master File, Vendor Management Program. Regardless of the name, an accurate and complete vendor […]
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System Upgrades, Mergers, Acquisitions and Accounts Payable: Are You Ready?
Data Analytics; Assimilate, Process, and Report Gathering and reporting pertinent details from disparate ERP systems is a big challenge for many of today’s growing businesses. System upgrades, mergers and acquisitions […]
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Procure-To-Pay Recovery Auditing: An Under-utilized Resource for Internal Audit
What is the primary role of an organization’s Internal Audit Department and how does it differ from a Recovery Audit? The primary function and objective of a company’s Internal Audit […]
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Can Your Accounts Payable Process Survive a Zombie Apocalypse?
You’ve worked diligently to improve your systems and processes, and now your AP department is efficient, productive, and running like a finely tuned instrument. Excellent! However- are you prepared for […]
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Drowning in Email?
Email has become the communication medium of choice for many of today’s organizations. Gone are the days of the fax machine and snail mail. Those methods of communication were limited […]
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AP Recovery Audit – Taking a Second Look
If you are one of a growing number of companies who contract with a third-party firm to perform an Accounts Payable Recovery Audit…Congratulations! You are already one of the smartest […]
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Discrepancy Management…Taming the Beast
For many, invoice discrepancies are one of those things that keep you up at night and take your team away from the task at hand. We go into a transaction […]
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P-Cards and Fraud – How to Minimize Your Exposure and Losses
By now most consumers are aware, if not diligent, when it comes to credit card fraud. Almost everyone has been personally impacted by at least one of the many fraud […]
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Purchase Card (P-CARD) Transactions & Duplicate Payments
There are a growing number of companies that are adopting the use of Purchase Cards (P-Cards) as an option to pay their supply chain vendors for smaller dollar transactions. This […]
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