There are several complexities regarding the way in which some jurisdictions’ p-card programs handle incentives—or rebates—for grant-funded card spend. Any AP professional involved in administering payments through such programs is well-advised to understand the often-confusing nuances, according to JoAleen Ainslie, CPCP, Procurement Card Program Manager and Xponential Program Administrator in the Finance-Procurement & Payables Division... Read more »
By Lynn Larson, CPCP In Chinese philosophy, two principles—one negative (yin) and one positive (yang)—interact to influence the destinies of people and events. In business-to-business (B2B) payments, perhaps the yin represents the continued prominence of checks and costly manual processes, and the yang represents the other options available today, such as technology advancements and growing... Read more »
On June 30, 2016, in a major blow to MasterCard and Visa, the Second U.S. Court of Appeals in New York threw out the multibillion-dollar Payment Card Interchange Fee Settlement of 2012, itself the result of almost eight years of litigation. What are the implications of this sweeping decision? Let’s begin with some background. Back... Read more »
The prospect of building a brand new procurement card (P-Card) program from scratch seems daunting, but it doesn’t have to be if you take a holistic approach, according to JoAleen L. Ainslie, CPCP, Procurement Card Program Manager and Xponential Program Administrator in the Finance-Procurement & Payables Division of the City of Tacoma, Washington. Ainslie, who... Read more »
The purpose of setting up an end-to-end procure-to-pay (P2P) process is to achieve maximum efficiency and lowest cost while gaining visibility and control in purchasing and paying for goods and services. However, if AP is still using a lot of paper checks, that’s going to detract from both process efficiency and cost-effectiveness. To get tips... Read more »
This month, our Question of the Month comes from Tracy Zurcher, APM, Manager, FedEx Services: Global Disbursements. She asks: I am interested in hearing from AP professionals who have a p-card program active in their organizations. If you do have a program, is the administration of the program housed in your AP area or elsewhere... Read more »
If a p-card program is under consideration at your organization, it is imperative that AP makes a case with the controller and CFO for participating in the dialogue. During the decision-making process, many organizations focus on the benefits—namely rebates—of various card issuers and spend a great deal of time worrying about how to prevent fraud... Read more »
There is a lot of buzz in the payments world about “EMV” and a “liability shift” happening in October. This article discusses exactly what AP managers need to know and do to stay on top of this new payment technology.
Melinda Bullock, APS, Accounts Payable Lead at Enerflex Energy Systems (Houston, TX), works in an AP department that processes more than 116,000 invoices per month. “Our company issues P-cards to employees responsible for making purchases or payments on behalf of the company; the supplier accepts the P-card for payment,” Bullock explains. (There are only a... Read more »
An increasingly popular trend in the payments arena is Purchasing Cards (P-cards). The use of P-cards enables AP to cut down on administrative costs, eliminate paper, and capture lucrative discounts offered by vendors for early invoice payment. NAPCP, a membership-based professional association committed to advancing Commercial Card and Payment professionals and industry practices, defines a... Read more »
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