Statement audits ... Tighter T&E policies ... When the cat is away
Millions of dollars slip through the cracks every year for U.S. businesses in the form of unrecovered vendor credits -- for everything from overpayments to unrecorded returned merchandise. In this month's feature article, APEX Analytix expert E. Lee Clinton, Jr. outlines the potential payoffs from a vendor statement audit and how best to recover outstanding credits while maintaining solid vendor relationships.
In our last issue, an A/P director asked for help to put in place a tighter travel and entertainment (T&E) policy at the risk of a "palace revolt" by company road warriors. See how readers address this dilemma. Their suggestions run the gamut from mandating corporate credit cards to holding top managers accountable.
In this issue, a frustrated A/P manager needs advice on how to handle a "mouse who plays when the boss is away" because the behavior drains away morale and productivity. Please share your thoughts. You could win a 256 MB MP3 player.
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