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No-Cost On-Demand Presentation
Imaging and Workflow
Judy Bicking, TAPN Senior Consultant
Sponsored by Hyland Software
Earns 1 CEU
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AP Partners with the CFO
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If you think accounts payable is just an overhead expense for the company and that the CFO could not care less about what goes on there, then you haven't been paying attention during the last ten years.
Many organizations now view AP as a strategic part of their cash management plans with the CFO acting as a full partner. This issue features information highlighting the reasons behind this shift, as well as the latest information on new whistleblower protections.
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| Patrick Harbin – Editor
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Whistleblower Protection |
The Dodd-Frank Act passed last year created a dedicated office to strengthen whistleblower protections. However, the office has yet to receive any congressional funding.
See Patrick's latest blog entry
Whistleblower Protections Remain Unfunded on TAPC.
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CFOs and AP |
While many CFOs may prefer AP to pay the bills without making a lot of noise, forward-thinking CFOs know that AP actually plays a major role in the organization's financial wellbeing, such as:
- Deciding when to pay each invoice: AP departments must know if the company would benefit more from taking a discount or holding onto their cash.
- Determining the legitimacy of invoices: Scam artists may send bogus invoices to AP.
- Negotiating with vendors to accept late payments: In lean times, these negotiations could help keep your organization from bankruptcy.
For more on how AP can actually impact your organization's bottom line, be sure to attend the session "The CFO's View of AP in the Organization," part of the upcoming
The Accounts Payable Leadership Conference. The session will be presented by Gene Ellis, Executive Vice President and Chief Financial Officer of Allconnect, Inc. The conference qualifies for up to 13 CEUs.
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Just for Fun! |
Although many hobbies enjoyed by members of Generation Y are things that previous generations took for granted, many skills that were considered common knowledge are quickly becoming forgotten arts. See 8 Skills Our Parents Had that We Don't.
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