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Submitted by Jim_Mandt on Tue, 04/27/2010 - 10:34.
By Jim Mandt
Having implemented AP document management and workflow technology in midmarket organizations across the country for more than 20 years, I’ve seen the power of technology in affecting positive and productive change – not only for the organizations themselves, but for suppliers, partners and the entire ecosystem.
Submitted by WVail on Tue, 04/20/2010 - 10:22.
An accounts payable clerk in New Zealand will have to pay her former employer’s legal fees after suing the company for replacing her job with accounts payable automation technology.
According to an article published by New Zealand web site Suff.co, the plaintiff in the suit was a former accounts payable clerk for Air New Zealand. Back in 2002, the airline overhauled its accounts payable operation, streamlining and automating many of their processes. As a result, the clerk was laid off.
Submitted by Patrick Harbin on Tue, 04/13/2010 - 09:52.
The days of paper invoices in Europe may be numbered. Proposed changes to European invoicing requirements could improve electronic invoice adoption while making it easier for U.S. companies to reclaim value-added tax payments.
A press release issued by the European Union announced that the Council of Economic Affairs has decided to simplify VAT invoice requirements, specifically with the goal to promote the adoption of e-invoicing.
Submitted by WVail on Tue, 03/30/2010 - 10:33.
Major changes to information reporting requirements have been signed into law. The recently-passed health care legislation broadens the scope of who gets a 1099 and for what.
The Patient Protection and Affordable Care Act (PPAC) was signed into law on March 23, 2010. Although the primary focus of the bill was to overhaul the United States’ healthcare system, the act directly impacts 1099 reporting.
Submitted by whitney.vail on Tue, 03/23/2010 - 09:14.
United Kingdom Prime Minister Gordon Brown believes outsourcing is the best way to reduce back-office costs throughout the British government. He recently spoke to a crowd at King’s Cross in London in the hopes of winning support for the initiative.
According to a report published in Talking Outsourcing, Brown hopes to cut 4 billion pounds out of the government’s back-office processes by the 2012-2013 year. He plans to do this by outsourcing these processes to private companies.
Submitted by whitney.vail on Tue, 03/16/2010 - 12:42.
The days of face-to-face business meetings are quickly disappearing. Business lunches and conference calls have now been replaced by emails and instant messaging.
As more business is done online, organizations must be able to interact with their clients online to succeed. This also holds true for accountants and bookkeepers.
Submitted by administrator on Tue, 03/16/2010 - 10:57.
"Imaging & Workflow ROI" special report focuses on best practices and how to find your project ROI for transitioning to an automated system to increase AP's contribution to profitability and much more. Click here to get your complimentary copy now!
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Submitted by pharbin on Tue, 03/09/2010 - 10:05.
Before you venture outside your organization to search for best practices, look in your own backyard. You may find that one of your departments is saving 50% on a particular process because they developed a faster way to get the job done. How valuable would that knowledge be to other departments and divisions?
Develop a system for identifying, communicating and implementing best practices you uncover within other parts of the company, using the following tips as your guide…
Submitted by WVail on Tue, 03/02/2010 - 11:50.
Now more than ever, your organization is looking for ways to do more with less. Sign up today for this FREE presentation with Ben Adams, Business Innovation Manager, Bentall LP and learn how your AP department can cut costs, boost efficiency and streamline workflow — all while increasing your internal controls with enterprise content management (ECM) technology.
Submitted by WVail on Tue, 03/02/2010 - 09:37.
By Lynda Foertschbeck, Executive Vice President, IRSCompliance, Inc.
The IRS has stepped up its review and audit activity relating to foreign payments. In fact, they have stated that they will review or audit all businesses which make or could issue foreign payments.
Why is the IRS paying so much attention to foreign payments now? The answer to that question involves understanding why the IRS has increased its scrutiny of information reporting in general.
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