Profiles

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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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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AP Profile: Discovery Communications

Paperless Processing Improves AP Ratings Discovery Communications AP At a Glance Industry: Mass MediaRevenue $8.5 billionNumber of Employees 5,000 Organization: Centralized Shared Services – Silver Spring, MD. Number of Employees in U.S. AP: 13 Accounts Payable Director: Tammie Norman Scope: All U.S. and South America payments, excluding investments Monthly Volumes Paper Invoices: 200 Electronic Invoices... Read more »
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AP Profile: Discounts, P-cards Provide Relief to Red Cross

The American Red Cross AP At a Glance Industry: Not-for-Profit – Humanitarian Organization: Shared Services Center – Charlotte, N.C. Number of Employees in AP: 33 Accounts Payable Director: Mike AlbanoSenior Director of Finance Business Support: Mike Harris Scope: All payments, including travel and payment cardOutsourced Functions Soon to outsource telecommunications and freight bills Monthly Volumes... Read more »
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AP Profile: Zappos.com

Zappos.com AP At a Glance Industry: Retail Headquarters: Henderson, Nevada Company Size: $1.014 Billion Gross Sales in 2008Eployees: 1,280 Accounts Payable Organization: CentralizedSenior Treasury Manager: Lakshan FernandoTreasury Analyst: Scott SchaeferTrade AP Supervisor: Crystal ToftNon-Trade AP Specialist: Jeanette TupasiNumber of people in AP: 9 AP Scope: All trade vendor payments and non-trade expenses. Monthly Invoice Volumes:... Read more »
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AP Profile: Weight Watchers’ Lean AP Department

Weight Watchers AP At a Glance Industry: Weight Loss Headquarters: Jericho, New York Number of Employees: 50,000 (includes employees and service providers) Revenue: $1.4 Billion Accounts Payables: Centralized for all U.S. operations (decentralized outside of U.S.) Director of Shared Services: Paul Signorelli Number of people in dept.: 7 full time, 1 part time (includes AP... Read more »
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AP Profile: Receipt Imaging Brings Visibility to Parker Hannifin’s P-cards

Parker Hannifin AP At a Glance Industry: Manufacturing Headquarters: Mayfield Heights, Ohio Number of Employees: 58,000Revenue: $12.3 Billion Accounts Payable Organization: Decentralized Accounting Manager: Mark Bernardinetti Scope: Parker Hannifin’s p-card program is Administered by Central AccountingOutsourced Functions Freight Bills, VAT Reclaim, Imaging Monthly Volumes: P-card Transactions: 42,000 T&E Reimbursements: 55,000 Monthly Disbursements: P-card: $15 Million... Read more »
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