February 2010 - Issue 4.1

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Feature Story
Feature

Five Ways A/P Can Add Operating and Strategic Value

Hint: Look under new stones

by Joseph Collins, Director of Value Development, APEX Analytix, Inc.

These days, companies of all sizes are looking everywhere for opportunities to become more efficient and productive. It's easy to think that there's not much more you can do, and you've already picked all the "low hanging fruit." But that is not so. Here are five ways you can add operating and strategic value. Read more ...

Editorial Corner

Adding value in A/P ... 'Old school' work ethic ... Cookie vendors

These days, companies of all sizes are looking for ways to boost efficiency. And as the saying goes, if you aren't part of the solution, you're part of the problem. This month's feature article shares five ways Accounts Payable (A/P) can add operating and strategic value, by driving efficiency through payables.

In our last issue, a frustrated A/P director asked how to deal with a young Gen Y worker who takes a casual approach to work and seems to lack commitment. See what readers have to say. Their ideas range from having a heart-to-heart talk to cutting the cord quickly.

In this issue, a busy A/P manager faces a tough problem: how to handle seemingly endless fund drives, from Girl Scout cookies to charitable 10K runs. Please share your thoughts on where to draw the line -- and how. You could win a 256 Mb MP3 player.

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 Inside APEX Analytix

Special Announcement

APEX Analytix® is pleased to announce the Top Gun Conference is coming to Nashville!
April 18-20, 2010

Learn More

Join APEX Analytix® at these events in 2010:

IQPC Shared Services Week
March 22-25
Orlando, FL

IIA – General Audit Management Conference
March 29-31
Orlando, FL

The IAPP 20th Annual Forum
May 9 -13
Grapevine, TX

IQPC Shared Services & Outsourcing Week (UK)
May 24-27
Edinburgh, UK

 Reader Survey


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 Publications

CFO

Internal Auditor

Accounting Technology

Information Week

eWeek

InfoWorld

Computerworld

Baseline

Associations

IAPP - International Accounts Payable Professionals

FMI - Food Marketing Institute

NAPP - National Association of Purchasing and Payables

IQPC - International Quality and Productivity Center

VCF - Vendor Compliance Federation

IOMA - Institute of Management and Administration

ACFE - Association of Certified Fraud Examiners

FEI - Financial Executives International

Top Gun Surveys

Find out where you rank compared to other companies.

Participate in APEX Analytix's complimentary benchmarking surveys.

  • Accounts Payable Best Practices

  • Retail Recovery Audit Best Practices

Details

Complimentary White Paper
Apex Analytix

Recovery Audit and Overpayment Detection

How Best Practices in Accounts Payable Can Boost Your Profitability

This whitepaper outlines a three-stage process for using recovery audit best practices to evolve your A/P operations and deliver strategic benefit to your business.

Get insights that improve cash flow, mitigate risk and prevent fraud.

Download this complimentary whitepaper.

What's Your Best Advice?

Previous Issue's Dilemma:

How can I instill the 'old-school' work ethic?

Last Issue's Dilemma
Since I have only six employees, even one who is not productive creates a problem. I hired "Chris" right out of college. It bothers me to see the lack of commitment he seems to have. He is often late, misses days and seems to feel that's okay. His work gets behind, and it doesn't seem to faze him. Taking shortcuts and missing details that generate extra work on my part seem to be the norm.

I have trained him and explained his importance to our success. We pay fair salaries and have tried positive motivation. Nothing seems to work. Perhaps I'm dating myself, but it seems that he just doesn't understand the "old-school work ethic" -- that a successful career doesn't happen without hard work and dedication. I could replace him, but I already have a big investment in him. I could "crack the whip," but that's not my style. Would you ask your readers how they would instill that old-school ethic in him?

-- Old-school A/P director, company withheld

Read what others had to say.


This Issue's Dilemma

This Issue's Dilemma:

Help! I'm being harassed by cookie vendors

I manage an accounts payable department, and something has been bugging me. We have a high transaction volume, and it's already a struggle to stay on top of things. I want my staff to focus on the task at hand and be productive. But every time I turn around, someone in the office is selling cookies for scouts, or lining up sponsors for some charitable 10K run. These are all worthy causes, but I have a department to run. Should I just put up with it or draw the line? If I put a stop to it entirely, what will that do to morale?

-- Pestered A/P pro in Oregon

MP3

Can You Help? Share your experience. You could win a 256 MB MP3 player.

Your Personal Balance Sheet : Do more in less time

Seven Ways to Develop Expert Power
Start by learning to lead from the front
from MindTools

What They Should Have Taught You in School
Glaring omissions that could be holding you back
by Anthony Balderrama - Career Builder

Create the Change : Effective processes for staff management

Best Ways to Lead in a Crisis
Boldness has genius, power and magic in it
by Bill George - American Executive

Adapting to Change
Time to face some hard truths
by Carol Kinsey Goman - The Sideroad

The Numbers Game : Accounting and people management

Payment Systems: Is Yours Secure Enough?
Rising incidence of ACH fraud poses serious business risk
by Vincent Ryan - CFO Magazine

More Firms Outsourcing Financial Functions
Specific processes targeted include A/P
by Anne Field - Treasury & Risk Management

Archive
Issue 3.3
[More...]

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