Case Studies

AP Departments of the Year 2015

October 27, 2015 – The Institute of Finance and Management (IOFM) announced the winners of its 2015 Accounts Payable Department of the Year Awards. Presented to one organization with less than $1 billion in annual revenue and one with over $1 billion, the annual awards recognize APdepartments committed to high-efficiency invoice processing, continuous improvement and all-around… Read more »

AP Managers of the Year – 2015

The Institute of Finance and Management (IOFM) has announced the winners of its 2015 Accounts Payable Manager of the Year Awards. Presented to one AP manager from an organization with less than $1 billion in annual revenue and another from an organization with over $1 billion, the annual awards recognize AP professionals who have demonstrated... Read more »
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AP Manager and AP Department of the Year 2014

Institute of Finance & Management Announces 2014 Winners On the opening day of the Accounts Payable Conference & Expo, held Oct. 26-29 at The Mirage Hotel & Casino in Las Vegas, Nevada, the Institute of Finance & Management (IOFM) announced the winners of the 2014 AP Manager of the Year and AP Department of the... Read more »
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AP Profile – Ask PtP Teaches Merck Employees

In most organizations, when field employees have questions about the accounts payable process – for instance if they want to find out when their supplier will be paid – their first instinct is to pick up the phone and dial the AP help desk. Once they get their answer, the employee is satisfied and goes... Read more »
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If You Can’t Buy an ‘Out-of-the-Box’ Solution, Have a System Developed

When you need to make your AP processes more efficient and you’re considering new technology as the solution, finding the perfect system match can be a major challenge, says Michael DuBois, president and founder of Interlock Sourcing (Dallas, TX). “My company performs a lot of AP processing for the corporate housing industry, which has very... Read more »
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Benchmarking Is Key at Teleflex

William Stamper, a seven-year accounts payable manager at Teleflex, Inc. headquartered in Durham, NC, is a big believer in benchmarking. “We like to know where we are, see where we are going, and plan for what we want to achieve in the future,” says Stamper.  Through the use of technology and working closely with the... Read more »
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SEPA and Allied Irish Bank: A Case Study

Bankers Paul Hogan, Michael Concannon and Norbert Galligan of Allied Irish Bank spent years preparing for February 1, 2014, the initial date set for the SEPA (Single Euro Payments Area) initiative to take effect. AIB took a proactive approach to ensure the bank and its customers were well-prepared for the deadline. The bank upgraded and... Read more »
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AP Profile: PG&E Supplies Power to AP Policies

Pacific Gas & Electric AP At a Glance Industry: Gas and ElectricityHeadquarters: San Francisco, Calif.Number of Employees: 20,930Revenue: $14 Billion Accounts Payables: CentralizedAccounts Payable Manager: Ben ShaefferDirector of Payment Services: Laurie ShakurNumber of people in dept.: 25 AP Scope: AP is responsible for payments to all external entities as well as payments to employees for... Read more »
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Setting Up an Internal AP Audit Process

The AP department at NYU Langone Medical Center, NYU School of Medicine (New York, NY) wanted to make sure their controls were in place and working properly. In 2012, they set out to establish an internal audit process. Why Internal Audits Are Necessary “If AP is not audited on a regular basis, staff may develop... Read more »
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Compliance is Critical for Utilx

Renown Sylvester, Accredited Payable Specialist, has been in his job for seven years at Utilx Corporation (Kent, WA). He is a one-man AP department for the company, which has 500 employees, and he is a stickler for ensuring that AP’s processes comply with company disbursement policies as well as pertinent laws and regulations. “I would... Read more »
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