It's All about Your Bottom Line: Developing Accounts Payable Issues and Practices

Both the business world and more specifically, the accounts payable function are going through a massive upheaval. These changes, if not recognized and dealt with appropriately and in a timely manner can have a huge negative impact on any organization’s bottom line.

Technology has definitely played its part, but there are other not-so-readily recognizable factors that come into play. If not addressed fraud becomes easier to perpetrate, expenses to run the operations skyrocket and there can be trouble with the regulatory authorities.

In this groundbreaking work, industry expert Mary Schaeffer takes a deep dive into the developing issues impacting the accounts payable function of every company. This book is a must-read not only for the professionals who work in or manage the accounts payable function, but the controllers, auditors, CFOs, and other professionals involved with the payment process.

The issues evaluated in this book are critical to those who want to run a cost-effective, efficient, fraud-resistant accounts payable function. And for a very good reason, after all, It’s All about Your Bottom Line!

Table of Contents

Preface

Chapter 1 Changing Best Practices: No Longer a Static Set of Rules
Chapter 2 The Evolution in the Invoice Environment
Chapter 3 The Business Community Takes a Giant Step away from Paper Checks: Electronic Payments
Chapter 4 Electronic Payments: Expansion and Innovation
Chapter 5: Expense Reimbursement Receipts: The Bombshell Issue Many Don’t Expect
Chapter 6: Emerging Payment Frauds, both Large and Small
Chapter 7: Vendor Portals in Accounts Payable
Chapter 8: Advances in Technologies Provide New Data Insights
Chapter 9: Unexpected Challenges Created by Personal Devices (Smartphones and Tablets)
Chapter 10: Often-Overlooked Internal Control Breakdowns
Chapter 11: The New Vocabulary in Use in Accounts Payable (and Elsewhere in the Business Community)
Chapter 12: The Accounts Payable Function of Tomorrow
Chapter 13: The Future of the Professionals Working in and Managing the
Accounts Payable Function

Glossary
About The Author
About AP Now
Index