Our Sponsors
|
|
Dear Colleague
It turns out that apparently there is quite a bit I don't
know about license plates. In last week's e-AP News I
wrote that the state of Delaware had auctioned off a
license plate number for $625,000. To be honest, I did
wonder why they didn't do all the single digit plates if
they could get that kind of money. Well, you probably
know the answer. A kind reader wrote to explain that it
was not the state who auctioned off the plate, but the
estate of the person who owned it. Although she did
note that she is sure Delaware wishes they owned
that plate. With that confession out of the way, let's
move on to matters I am more knowledgeable about.
|
|
|
|
Travel & Entertainment |
|
I have a lot of admiration for the folks that process
travel and entertainment expense reports at their
organizations. In many cases it is a thankless job.
Some managers sign anything put in front of them
and then feign ignorance when fraud or outrageous
policy violations are uncovered. This was one of the
issues discussed on last week's Travel &
Entertainment Fraud Prevention & Detection Webinar.
I was joined by InterplX's Chuck Buckner and Haas
and Rohm's Craig Stuart.
Stuart had some excellent advice in this regard. He
pointed out that in addition to the normal controls his
organization required a second approval on expense
reports over a set dollar limit. This puts two people on
the line-and my guess is the first approver is likely to
pay a little closer attention.
CDs of this event are available. As mentioned last
week, we will include a copy of the Travel &
Entertainment Best Practices book with the CD at
no additional cost. This is a $60 hard cover book
published by John Wiley & Sons.
|
|
Purchase the T&E Fraud CD (and get the Best Practices book) |
|
The Case Study Issue |
|
I feel that it's always instructive to see how other
organizations solve a problem, especially if it's one
that I am currently experiencing. In fact, sometimes
upon reading about the solution I realize that I can fix
something I thought was unfixable. We'd like to collect
case studies from readers for one of our fall issues.
Each case study submitted should show a problem
with a solution. The solution does not have to be
complete, because let's face it, some problems are
never completely solved.
The problems can be high tech or not. They can
revolve around staffing, dealing with management,
low-tech issues, or whatever you see appropriate. We
are most interested in the content not the writing. We
have a top-flight copy editor here who makes everyone
look great. Should your piece be selected, you'll
receive a byline (if you want) along with five copies of
the newsletter. The decision to include material or not
is solely ours. We hope to get as many in as
possible-and will expand the issue if we get enough
great examples.
We look forward to your case studies. Although we
have an August 15 deadline, if we receive numerous
submissions we'll close it earlier, so the sooner the
better. Of course, we will give you two weeks notice in
this ezine, so please do not let this stop you. Use your
imagination we want a range of problems. The only
thing we ask is no blatant sales pitches for your
favorite vendor and a word count limit between 450-
1350. In fact, we ask that a product be mentioned no
more than two times by brand name. Please address
any questions on this issue to publisher@ap-
now.com and send your articles to the same address
with the words Case Study Issue in the subject line.
|
|
|
|
Hotel Deadline for Chicago Seminars |
|
There's a little more than six weeks to go before we
go to Chicago for our two seminars, one on
Unclaimed Property and the other on "Stopping the
Cash Leakage in the P2P Function." We were able to
get a reduced hotel rate for the night before each
event. However, that room rate is only good for less
than a month. So, if you have not made your
reservation, please do.
|
|
Information about Upcoming Chicago Seminars |
|
This Week on AP Now's Blog |
|
As mentioned we launched our AP Now blog last
week. The techies worked most of the week fine
tuning it and the registration feature is now available.
You must register in order to post. The registration link
is the first link on the bottom right under the Meta
section. I hope you'll join me in answering questions
and venting about AP issues that bother you.
And speaking of venting, did you see that Sharper
Image filed for bankruptcy protection? That's not what
has me hot under the collar. If they're not making
money, I guess they have no choice. However, and
this is a biggie, at least in my book-they announced
they are not going to honor previously issued gift
cards. If I had given one of their gift cards as a
present, I would be major-league annoyed. But, that is
not for this venue. It did get me thinking about the
Unclaimed Property issues and my colleagues,
Brooke Spotswood and Tracey Reid, experts in this
arena, chimed in. You can read what they had to say
on the blog.
I also did a little research on the moving expense
issue and posted some links that you might find
helpful if you have to handle these expenses in
accounts payable. Plus, there is information about an
ugly rumor, which I'm afraid, is true. You can read
about these and other issues on AP Now's blog.
|
|
Visit the AP Now Blog |
|
Last Chance to Register for Effective TIN Solicitation Program Webinar |
|
If you're concerned about your overall information
reporting processes and want to start implementing
Best Practices before corporate reporting becomes a
reality, you might want to join us on March 11 as Carol
Kassem shares her considerable expertise in this
arena.
|
|
Register for the How to Create an Effective TIN Solicitation Program Webinar |
|
The Amazon Shorts |
|
Several readers have asked if we are going to publish
any more pieces on the Amazon Short program.
These are the 49 cent pieces Amazon makes
available for download. Right now, we have three
posted: An Accounts Payable Game
Plan; Master Vendor File and Invoices. All are in the Top
25 Best Short Sellers as we write this. There are
currently about 3,000 Shorts in the program.
We were just getting ready to put together another
piece when I received a note from Amazon saying they
were revamping the program and would not be taking
new submissions for a month or two.
As soon as the program reopens we will submit a
piece. It takes a bit of time to work through the Amazon
editorial review program so we do not expect to have
anything new in that venue until the summer at the
earliest. But, we will submit a piece as soon as the
program reopens - and we'll let you know as soon as
it is available.
|
|
|
|
In Closing |
|
I'm writing this just before I get on the plane to head
out to US Bank's conference where I'll join Mike Lori to
talk about fraud. I plan on attending as many of the
sessions as I can and hope to have some highlights
next week-and if I can make all the technology work,
I'll blog from the conference. You can look for the
highlights on the AP Now blog. Thanks for
listening.
Mary Schaeffer
Editorial Director
Accounts Payable
Now & Tomorrow
|
|
|
|
|