1099 Compliance - Are You Prepared?
Rules, Laws, Solutions Statistics
The 1099 reporting and withholding responsibilities for payments made by businesses have grown significantly in the past few months. Tucked away in the Healthcare reform bill (The Patient Protection and Affordable Care Act signed into law on March 23rd) are new rules that require reporting of payments made to all corporations and on goods as well as services. Prior to this legislation, business only had to report on "services" and corporations were exempt from receiving a Form 1099.
The net result of all these changes is a significantly more complex and burdensome tax reporting process for most businesses. If you are like most organizations and are wondering what these new regulations mean and how to address their compliance, you won't want to miss this session with Convey Compliance Systems - a solutions partner with APR .
Telecommunications Expense Management
Dealing with The Volume and The Details
This session will provide an overview on how to better manage your telecommunications expense from an invoicing, AP, GL and policy perspective. The goal of the session will be to share ideas on how to lower you internal functional cost as well as lower your overall expense of your telecommunications environment.
Implementing Your Own Recovery Program
The steps taken in the development and implementation of a recovery program at FedEx Ground and how you can apply this process.
Electronic Invoicing Success Story
Accelerating the transition from paper to electronic invoicing has the potential to drive efficiencies and cost savings into several departments within your organization. To drive success with the initiative, it imperative to focus on all aspects of the project plan versus the system itself. This presentation will exhibit how collaboration will facilitate a successful implementation, including the realization of productivity and associated cost savings.
Utilizing Third-Party Service Providers (Outsourcing!)
Avis Budget Group utilizes many operational and financial third-party service providers to support our organization. This presentation reviews the perils, pitfalls, triumphs, and relief associated with the dreaded "O" word- Outsourcing! Whether your requirements are basic or complex, there are certain key considerations that should be part of your outsourcing decision, including:
Setting the scope and creating a business case
Due diligence and selecting a provider
Process excellence initiatives
Risk mitigation and control/compliance review
Fraud Analysis Process Implementation
Collaborating within your organization and partnering with internal or external service providers to establish a sustainable way to analyze detect and act upon potential fraud in your Vendor data/Accounts Payable transactions. Presentation will cover these topics along with a discussion of specific tests and real world implementation findings.
Navigating Change Management
Discuss Change Management, both as the initiator and the one impacted by the change. Learn how to "sell" the need for change, and manage the various personalities impacted. In addition, the presentation will cover how to personally adapt when change is inevitable in an organization.
Effective Vendor Management Solutions Bring BIG Benefits
Learn effective ways to manage a vendor file that never stops changing. Reduce Duplicate Payments & Fraud, maximize payment term and discount opportunities and ease OFAC compliance through better vendor management.
Optimizing Accounts Payable data for your internal business partners will provide actionable information to execute and deliver trade working capital improvements. Presentation will cover activities and real world examples of how shared services can support and help drive this business imperative.
Creating Value from Accounts Payable
- Transform your payables organization into a revenue generating area
- Reduce costs by eliminating paper checks, mailing and distribution, bank fees and more
- Pay vendors with a detailed remittance advise
- Mitigate fraud and streamline the reconciliation process
Optimizing the Supplier Payment Strategy: Working Capital, On-time Pay, Discounts, Supply Risk
Based on The Hackett Group's recent Purchase-to-Pay Performance Study Top Performers have continued to set themselves apart from their peers. End-to-end process cost of the median Top Performer for example is 45 percent less than that of the median peer. The performance gap goes beyond efficiency, however, and Top Performers drive greater on-time payment rates and visibility to spend and also optimize their supplier payment strategy to a greater extent. Balancing the objectives of a supplier payment strategy may seem straightforward at first but conflicting goals often results in miss-alignment. Whether it's a good idea to take early payment discounts, push out terms, pay electronically, or offer supply chain financing often depends on perspective of the stakeholder as well as the profile of the supply base. Getting everyone on the same page is a matter of leadership but ultimately success of a company's supplier payment strategy hinges on the segmentation of a company's supply base. Too often organizations fail to recognize the importance of supplier segmentation and take a broadsword approach to developing and implementing their strategy resulting in disappointment and missed targets.