APChannel Newsletter

February 9, 2011

In this Issue
Editor's Note New Benchmark Survey Buyer-initiated Payment Continuing Education Just for Fun!

Baylor Health Care System uses ECM technology to process data for more than 25,000 invoices a month

This Paystream report addresses how you can reduce your working capital requirements by addressing inefficiencies in your financial supply chain processes. Download today.

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Take TAPN's New Benchmarking Survey!
The Accounts Payable Network's latest benchmarking survey is now online. See below for details about how you can take part in it today! This issue also features information to help your organization extend the value of your existing purchase card program with technologies like electronic invoicing and buyer-initiated payment.
Patrick Harbin – Editor

New Benchmarking Survey Available

Which metrics does your organization track? Which are the most important? How often do you benchmark against other companies?

Take The Accounts Payable Network's latest benchmarking survey, Key Metrics and Benchmarking, now. All participants receive a complimentary copy of the results once they are published.

Buyer-Initiated Payment

While buyers traditionally use p-cards to make small-dollar purchases, many card networks offer a service called Buyer-Initiated Payment that makes cards more attractive for big-ticket items. Features of a BIP program include:

Suppliers are paid without access to the buyer's card account number
Buyers maintain the controls of their traditional purchase order and invoice approval process
Buyers accelerate cash to suppliers without impacting their own days payable outstanding

To learn more about the benefits of buyer-initiated payment, be sure to sign up for TAPC's upcoming no-cost webinar, Growing Your P-card Program with BIP & e-Invoicing, featuring Tracy Bryant, AP Manager of Mohawk Industries, Henry Ijams, Managing Director of PayStream Advisors, and Daron Whisman, Director of Finance with Memorial Hermann. Earns 1 CEU.

Just for Fun!

Millions of people watching the Super Bowl on Sunday saw Christina Aguilera botch the lyrics to the national anthem. You may be surprised that she is not alone in this distinction. See Other National Anthem Lyric Malfunctions.

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