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New!
TAPN Benchmark Survey
Invoice Processing Rates
Results will provide invoice processing rates per FTE, looked at by organization type, size, invoice formats, and level of automation.
Survey
Earns 1 CEU |
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Manage Costs, Maintain Savings
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In a wavering economy that appears to have uncertainty hidden around every corner, businesses are fighting to hold onto vital resources that are essential to their survival.
Most organizations are seeking ways to eliminate costs without sacrificing the robustness of their operations. In this issue, you will find ideas and best practices to help you identify and achieve costs savings within your organization. |
| Ashley Jones – Editor
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Imaging Has Cost Benefits |
Implementing an invoice imaging system can have several cost benefits for an organization, such as:
- Helping AP approve invoices quickly, securing more early payment discounts
- Increasing visibility and reducing headcount
- Eliminating paper from the invoice approval process
- Reducing data entry work by leveraging optical character recognition (OCR) technology to translate invoice data automatically into a computer-readable image.
Thorough research of potential providers and technology, understanding the process you are automating, and making sure the benefits outweigh the costs will lead to an effective imaging implementation. Check out The Accounts Payable Network education video, Imaging and Workflow, featuring Judy Bicking, TAPN Consultant, former Director, Accounts Payable European Project, Johnson & Johnson to learn tips on researching the most cost-effective solution and how to know if imaging is right for your organization. (Earns 1 CEU)
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Susan's Blog
Do we strive to be the "Best" at what we "Practice"? |
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Learn the "best" ways to reduce costs, increase efficiency and productivity, and improve AP processes. Read Susan's blog on TAPC.
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Take the AP Challenge!
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Thinking about AP Certification? Test your AP knowledge with 30 multiple choice questions on topics such as invoices, purchase orders, check processing, vendor master file and more! Are you ready for the challenge? AP Challenge Yourself!
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Just for Fun! |
For all you baseball, movie, or baseball movie fans, check out the Ten Baseball Movies that Belong in the Hall of Fame. Kick off the World Series of America's favorite pastime with 10 great movies that will fill you with baseball euphoria. Hmmm. I can taste the peanuts and cracker jacks now.
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