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What do coffee cups and lower exception rates have in common? The QR Code

Everywhere we go lately, there are these new, crazy-looking barcodes that are completely different from every other bar code we’ve seen. First of all, there are no bars. Instead, there’s a chaotic...

Look alert! How to spot and stop fraud on the shipping and receiving docks

The procure-to-pay cycle should be of particular concern to management because it constitutes a wide swath of business activity to leave vulnerable to the dirty work of dishonest employees or...

The FATCA Monster: Actually, not such a bad guy for most AP departments

On July 1, the FATCA Monster finally came to life. Time to hide under the bed? Not really. FATCA isn’t likely to harm you. In fact, some of the byproducts of FATCA’s creation may make your life...

More than just accounting: the expanded role of a finance professional moving forward

Traditionally, finance employees deal solely with accounting and basic financial reporting, but these employees increasingly are being charged with new tasks as the world of financial accounting...

Meetings are wasting time, according to employees who responded to a new survey

How much time do you think you spend in meetings every month. Twenty hours? Thirty hours? More? Well, no matter how long it is for you, there's a good chance that a quarter of that time was wasted. A...

U.S. economy optimistic for hiring and spending growth in coming year

U.S. business executives have a positive outlook about what’s to come in the economy for the next year as hiring increases and business expands, according to the first-quarter AICPA Economic Outlook...

Do you know where your payments are going? Some fraud risks continue to grow

In today’s struggling economy, fraud is a greater threat than usual. But what kinds of fraud are most likely to worsen in this environment? More than you’d care to count. However, payments fraud ranks...

Consolidation: Where we’ve been and where we’re going

For those of us who have been involved in AP in one capacity or another, for many years have seen technology play a big role in the evolution of AP from a largely paper-based data entry dependent...

How to build ‘The Brady Bunch’ in merging companies

In 1968, two movies hit the big screen that made the idea of blending families seem, if not exactly easy, at least attainable in a short time with a few minor hiccups: Yours, Mine and Ours, starring...

Sea change: How market forces are altering the AR and AP professions

When enterprise software giant SAP announced plans to acquire Ariba in 2012, the big question was why. But while the SAP-Ariba deal garnered the most attention, research by The Institute of Financial...
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