|
|
|
|
Benchmarking Better
|
|---|
Benchmarking your accounts payable operation against your peers helps identify your department's strengths and weaknesses. Unfortunately, over half of organizations fail to benchmark.
This issue features information about how you can benchmark your processes against internal and external peers. Also, don't miss your chance to participate in The Accounts Payable Network's latest benchmarking survey.
|
| Patrick Harbin – Editor
|
|
|
|
T&E Benchmarks |
TAPN's latest benchmarking survey is now available. The survey asks organizations to describe their travel and entertainment reimbursement practices. All participants receive a complimentary copy of the results once they are published.
Complete TAPN's Travel and Entertainment Expense Reporting and Reimbursement Practices benchmark survey today!
|
|
|
Internal Benchmarking |
Benchmarking does not always mean looking at another organization's AP department. You can also learn by comparing your department to others within your own company. When benchmarking in your own "backyard," consider:
- Forming a cross-functional team to promote the enterprise-wide creation and communication of best practices.
- Developing an employee rotation system. This allows employees to pick up process improvement ideas while working in other departments.
- Encouraging other managers to report on a regular basis about what processes and management techniques they use.
For more on how you can find great process improvement ideas without leaving your company, see Best Benchmarking Practice: Look in Your Own Backyard on TAPC.
|
|
|
Just for Fun! |
Even though everyone likes to think that they know all there is to know about sending and receiving email, there are actually helpful tricks out there that many are not aware of. See 27 Tips for Complete Email Mastery.
|
|
