AP Audit Articles
- Best Practice Steps You Can Take to Proactively Avoid the Recovery Audit – Duplicate Payment DilemmaDuplicate payments can be among the most nagging issues for any A/P department. They take time and resources to research, yet the longer you wait to uncover them the harder it can be to recover the funds. Implementing a proactive approach to avoid the risk of duplicate payments can save your company thousands of dollars Read More... […]
- Lavante Expands Customers, Adds Innovations in Technology, and Experiences Revenue Growth in 2011It’s been an incredible time at Lavante over the last year, and the excitement continues into 2012. I covered some of the advances Lavante made last year in a short video segment, but I wanted to talk about a few other areas, namely around our technology advances and the benefits our customers say that Lavante Read More... […]
- Lavante and Basware Launch 2012 Future of AP Seminar Series in Houston, TexasOn Thursday, February 16, we were happy to co-host the first of a our Future of AP: Five Top Changes Coming to AP lunch & learn series in Houston, Texas. We had a record turnout, with a great cross section of companies represented – across industries and size of organization. As usual, the session offered Read More... […]
- How One Healthcare Provider Applied Lavante to Clean Up Vendor File and Drive Recovery Dollars – Recapping a Recent Industry Conference SessionLast month at the IFO’s HPAS conference I had the pleasure of co-presenting a session with Jennifer Barnett, former AP Manager of Summa Health and current AP Manager for Walmart Foundation. The session, entitled Moving Beyond Manual Processes to Improve AP Efficiencies, focused on how while at Summa Health, Jennifer had worked to move away Read More... […]
- Benefiting from a Prescription for Clean Data: A Case StudyA recent case study developed by Spend Matters details how a North American and global procurement organization for a top five pharmaceutical company applied a defined exercise and solution implementation from Lavante to discover where it had excess risk exposure, lack of policy compliance, over payments and other cost driving issues. The procurement organi […]
Are You Changing Jobs or Building a Career?
The last time you left one employer to join another, how much thought did you give to the long-term implications of the change you were about to make?
Filed under Profit Recovery, Recovery Audit by on Jun 2nd, 2010. 
Hunting for the perfect job for an individual requires time, effort and knowledge.
For stress free job-hunting, every individual must first consider the following pointers before starting your job hunting process:
Filed under Profit Recovery by on Jun 2nd, 2010.
Traditional methods of job hunting like newspapers and job centres are quickly being replaced by the internet.Today there are numerous, dedicated jobs websites with thousands of live jobs vacancies open for application.Many of these websites even allow you to apply directly online, removing the need to post your application.Another great benefit that can be gained from using an online job site is that you can subscribe to live email alerts.Also, have a look at their guidance section – you will often find great tips on how to write your CV and prepare for interview.
Read more on Search The Internet For The Widest Selection Of Job Vacancies…
Filed under Profit Recovery by on May 31st, 2010.
Even though the American Red Cross is a non-profit business, it is still a business . The goal for the Red Cross is to get as many donations as possible, so that they can put on the programs that keep the community safe. Obviously it goes without saying that the company must get very creative when they develop new programs and new fundraising efforts. For the longest time, car donation ruled the day. Now, things are changing a little bit. Vehicles of any type can be donated to help people in need . With car donations not being limited like they once were, there is an opportunity for the assistance to grow to reach a larger number of people.
Filed under Profit Recovery by on May 31st, 2010.
Amidst the several varieties of credit cards, one of the least considered and used credit card option is the business credit card. Several people do not choose to apply for a business credit card because they believe the process is complicated. But, even though a business credit card issuer will request for more requirements compared to other kinds of credit cards, having a business credit card if used appropriately can be extremely beneficial to businesses, particularly small businesses.
So what Makes a Business Credit Card Important for Business People?
Basically, a business credit card is for business expenditures. So, unlike the personal credit card, a business credit card will have a higher credit limit and somewhat lower interest rates. Depending on what type of card you have selected, a business credit card may also have a rewards program that offer its clients merchandise discounts, cash rebates, frequent flyer miles, and etc.
A business credit card can unquestionably provide advantages for small businesses.This particular credit card was created to provide business owners and entrepreneurs who are about to start a business, added financial flexibility and a more efficient system of segregating their business from their personal expenses. During the first years of the business, or during periods of critical organizational improvements or changes, a business person can use his business credit card to fund his operational expenses or payroll until his cash flow becomes more solid. And aside from providing credit, a business credit card can give small businesses some administrative assistance by furnishing them categorized reports of their expenses, which will help business owners more systematically file their business taxes and take advantage of tax rebates.
And aside from having higher limits and reduced interest rates, a business credit card makes available several credit options for small businesses. More significantly, a business credit card can also help start-ups or new businesses to build their business credit instead of relying on their personal credit scores. Small business loan agencies or those firms established to help entrepreneurs are also able to use the business credit card reports to assess the credit worthiness of the company and closely oversee loans.
Streamlining the Business Credit Card Application Process
It is really expedient to go to the bank when one applies for a credit card to get the chance to answer all immediate inquiries. However since a business credit card is designed for business people who are always on the go, plenty of business credit card issuers these days provide options to apply using the internet. So now when a business person wishes to get a business credit card, visiting the bank and waiting in line for several minutes to talk to a bank consumer accounts executive in order to get an application and be approved are no longer required. The business credit card application process can be initiated and completed from the comfort of their office or home. All a person needs to accompish is to fill-up an online application. And applying for a business credit card online online is easy. After going to the bank’s home page all they need to do is to pick the business credit card option that would suit their financial requirements.
Aside from providing a safe and secure credit line designed to help business owners better meet their financial requirements, many business credit cards issuers also provide other services that are a great help to business credit card holders, such as online payment processing and detailed expenditure reports that can also be accessed from the internet. Business credit cards can also be made to feature the company’s logo to make it easier for owners to distinguish their business credit card from their personal credit cards.
What other incentives do business credit card companies offer to business owners and executives for them to apply? During the first year of membership, most business credit card applications give free annual fee and no pre-set spending limit or finance charges. Other business credit cards offer membership rewards program that enable members to earn points towards travel, discounts on products, and other rewards that could be beneficial to businesses. Some business credit cards also offer small businesses a line of credit of up to $100,000 combined with a highly-competitive APR as cheap as the prime rate plus 1.99% for all check and cash purchases. In addition, the entire credit line can be availed of in cash and no collateral is demanded.
In addition, during the first half-of-the-year of their card membership, the business credit card owner may be offered fee-free checks as well as a card to access the account; express approvals; zero annual fee; up to 5% rebates on all qualified purchases; and 0% introductory APR or Annual Percentage Rate~as much as 5% rebates on all qualified purchases, no annual fee, and zero percent introductory annual percentage rate (APR)}.
Even though most of the business credit card issuers offer great value deals, it’s essential for company executives, business owners, and entrepreneurs to first make a realistic evaluation of their business needs. Whether a business credit card is to be used for making payments on inventory or payroll, it is important to search for a business credit card that is flexible and can meet most of your needs. And whether a business owner or executive decides to go directly to the bank to start a business credit card application or go online, several reputable business credit card companies are available to provide assistance in selecting the right type of business credit card that will be more appropriate for your business.
Read more on What Can a Business Credit Card do For Your Business…
Filed under Profit Recovery, Recovery Audit by on May 30th, 2010.
Smart Design Practices
Your own blog is where your business resides — it really is just like the headquarter of an offline company. Therefore, one must always practise effective design rules to assure your blog reaches out to the maximum number of site visitors as well as sells to as many people as you possibly can.
Filed under Profit Recovery by on May 30th, 2010.
Is It Possible To Create A Security Job That Can’t Be Filled?
Yes there is. Over the past couple of years and more specifically since the first bank failure in 2008, many security jobs have surfaced that can’t realistically be filled.
Read more on Expecting Too Much When Hiring For Security Jobs…
Filed under Profit Recovery by on May 27th, 2010.
Planning for your financial future is without doubt one of the most important decisions of your life.However, most people do not have the knowledge to steer them past the difficulties of financial planning. Financial planning means more than how just to invest your money. It means finding solutions of avoiding pointless taxable incidents and planning for the unexpected problems.
Filed under News, Profit Recovery by on May 27th, 2010. Comment.
Every industry has its fair share of reports , reviews data points , and sound bites. The Profit Recovery profession is the same . Recently we have performed quite a bit of analytics and reporting to exposed some compelling information about recovering open credits from your vendors and suppliers.
Filed under AP Audit, Profit Recovery, Recovery Audit by on May 22nd, 2010. Comment.