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| • Special Feature •
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Free Whitepaper Download
Learn how a data capture solution helped to automate AP processes, cut
processing time in half, and saved one company $60,000 in annual paper
costs.
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TAPN Audio Conference
Determining Whether Your Contractor is Really an Employee
Featuring Denise Johnson, General Counsel and Tax Compliance Manager, Balance Consulting LLC
Register
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Travel budget cut? Check out
TAPN Video Conferences
AP Education Online
Design Your Own In-house AP Conference. Choose from 11 information-packed programs!
• Earn CEUs
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The Summer of AP
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The days are longer, the weather is warmer (perhaps too warm for some), and traffic is lighter as teachers and students enjoy their vacations. The dog days of summer are a great time to re-evaluate your accounts payable processes.
This week's issue should help you get this summer off to a great start. Sign up for our free webinar on AP automation in healthcare and take note of the IRS' new mileage rates. Also, find out just how versatile lemons can be! |
| Patrick Harbin – Editor
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Healthcare AP Automation |
While automating AP processes can benefit nearly all organizations, different industries have specific needs that must be addressed for a technology implementation to be successful.
For example, healthcare companies manage their AP processes differently than retailers. The Accounts Payable Network benchmarking data reveals the following about healthcare providers:
- Healthcare providers typically require purchase orders for more than 50 percent of their purchases.
- 20 percent of healthcare providers require invoices to match the PO exactly to be approved.
- 84 percent of healthcare providers' vendors offer discounts between 1-20 percent.
- Exceptions occur on 13 percent of invoices received by healthcare providers.
Any AP technology they implement must address these rules and concerns. To help healthcare providers ensure smooth automation initiatives, TAPC is hosting a FREE webinar, Successful Automation of Accounts Payable Operations in Healthcare, on July 23, 2008.
The webinar will be a panel discussion with executives from the U.S. Department of Veterans Affairs, Memorial Hermann Hospital and Sisters of Mercy Hospital.
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| New Mileage Rates |
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The IRS has raised the standard mileage rate to 58.5 cents per business mile driven for the second half of 2008. This is an 8-cent increase from the previous rate. Read the announcement on TAPN.
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Just for Fun! |
The phrase 'when life gives you lemons, you make lemonade' has taught generations of people to associate lemons with problems.
Reader's Digest hopes to undo that damage with
34 Extraordinary Uses for Lemons Around the House. Who knew that lemons could be used to eliminate underarm stains?
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