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TAPN Audio Conference
September 25, 2008
Field-Tested Secrets to Motivate, Encourage and Lead Your AP Staff
Featuring Judy Bicking, APM, AP Best Practice Consultant, Former Global Director, Accounts Payable European Project, Johnson & Johnson
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TAPC Video Education Seminar
Metrics and Benchmarking
Featuring Judy Bicking, APM, AP Best Practice Consultant, Former Global Director, Accounts Payable European Project, Johnson & Johnson
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Metrics and Benchmarking in AP: Shake Things Up
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Will doing things the same way every day yield different results? Not usually. That's why it's important for accounts payable departments to constantly look for new and better ways to process invoices.
This issue features information that will help you create or perfect your existing benchmarking program. You can't make things better if you don't know what's broken. |
| Patrick Harbin – Editor
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Key Performance Indicators |
Metrics are an integral part of AP process management. Knowing which procedures work and which need to be addressed is essential to ensure your process is as efficient as possible.
Be sure to sign up for TAPC's upcoming FREE audio conference, KPI for Procure-to-Pay: Strategies for Success, featuring Frank A. Davis, Jr., Managing Director, Sales and Marketing, PurchasingNet, Inc.; Daniel Brogan, Director, Enterprise Solutions, Professional Services, PurchasingNet, Inc.; and David Ruiz, Senior Vice President, BankUnited.
Most departments realize the importance of metrics, although they may not know which procedures to monitor. The following are some important key performance indicators AP can monitor to get the best out of their procure-to-pay process:
- Invoice input productivity
- Transaction volumes per full-time equivalent personnel
- Processing cycle time (time from receipt of invoice to disbursement)
Participation in the conference earns 1 CEU credit for the IOMA/TAPN Accounts Payable Certification Program. Learn why you should monitor your P2P process.
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| Online Retailer Stops Collecting NY Sales Tax |
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Popular online electronics retailer Newegg.com is not remitting sales tax to New York despite the law requiring they do so. Why not? They're not collecting it. Read the story on TAPC.
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Just for Fun! |
Do you fancy yourself an Internet junky? Chances are that since you are receiving this newsletter via email, it's safe to assume you are at least a regular user.
It's amazing how fast things seem to move online. Check out Forbes' The 20 Most-Trafficked Websites – Then and Now to see how much a difference three years can make. Find out if your favorite site is hip or yesterday's news.
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