Monthly Archives: May 2010

Recovery Audit Firms

Lavante can generate Millions of dollars for large enterprises with very low demands on your staff time and zero impact on budget For over 40 years companies have been performing recovery services for large corporations.  For years the typical industry benchmark asserted that "for every $1 Billion a corporation spends annually a recovery specialist could [...]

IAPP FUSION 2011 Video – Orlando

YOU HAVE GOT TO SEE THIS VIDEO!!!

By | May 29th, 2010|Categories: IAPP, AP Industry|Tags: , |0 Comments

1099 Reporting Changes from New Health Care Tax Legislation (PPAC: Patient Protection and Affordable Care Act)

By now you have probably heard about new Tax Legislation changes that have been included as part of the new Patient Protection and Affordable Care Act of 2010.  Corporations will soon be dealing with a volume of 1099 reporting beyond their wildest fears. Congress tucked a small section into the enormous bill that amends Section [...]

Payment Terms: New Versus Existing Customers

When it comes using payment terms to either woo new customers or keep existing ones, most companies appear to treat both the same. That’s the result of an April  “quickie survey” conducted by PMMI, or the Packaging Machinery Manufacturers Institute. About 60 percent of respondents offer the same terms to both new and old customers, [...]

By | May 26th, 2010|Categories: AP Industry|Tags: , , |0 Comments

IAPP FUSION YouTube

REPOST: Find IAPP FUSION 2010 videos on youtube Wow!  If you have not already seen them online, IAPP has posted a number of videos relating to FUSION 2010.  They have been professionally produced and the do a great job capturing the energy of the week long event.  Whether you were there and you want to relve the [...]

By | May 25th, 2010|Categories: IAPP|Tags: , |0 Comments

IAPP FUSION 2010 Video

Wow!  If you have not already seen them online, IAPP has posted a number of videos relating to FUSION 2010.  They have been professionally produced and the do a great job capturing the energy of the week long event.  Whether you were there and you want to relve the fun or if you missed out and [...]

By | May 25th, 2010|Categories: IAPP, AP Industry|Tags: , , |0 Comments

AP Around the World

This year, world trade is expected to jump by 9.5  percent, the World Trade Organization forecasts. That’s great news, considering that it contracted by 12.2 percent last year. At the same time, managing cross-border transactions can present challenges for accounts payable departments. For instance, who would know that payment information for transactions in Japan has to be provided in Katakana, a Japanese writing system, according to this presentation by Citibank? What’s more, many of the international trade resources available online focus on exporting. While the information is important and there’s no doubt that exports are critical to the economy, it’s of little use to an AP manager who is trying to figure out how to pay a supplier located on the other side of the globe. That said, a number of resources can help you get a handle on international payments. Listed below is a sampling: […]

Mobile Payments Are Slowly Moving Into The B2B Space

When it comes to paying their bills or checking their bank balances, consumers increasingly are relying on their cell phones. More than one-quarter of consumers with Internet-capable cell phones have used them to access banking records, up from 22 percent a year ago. What’s more, 20 percent had used their phones to pay bills, nearly double the 11 percent that had done so in 2009. The findings are the result of a recent survey by NACHA and several other organizations. While consumer acceptance of mobile bill payment is growing strongly, B2B may not be far behind, according to this story in American Banker. According to the article, cells phones soon may be able to convert checks to ACH payments. That would work well in the B2B space, where checks still dominate. In fact, they account for between 65 and 80 percent of supplier payments, according to a 2007 survey by the Association for Financial Professionals. […]

By | May 21st, 2010|Categories: Technology|Tags: , , |0 Comments

The Durbin Amendment

Last Thursday, the Senate voted to approve an amendment, SA 3989, sponsored by Senator Dick Durbin of Illinois. The amendment inserts a section, “Reasonable Fees and Rules for Payment Card Transactions,” into the Electronic Fund Transfer Act. As you might guess from the title, the section sets forth several guidelines covering the transaction fees that an issuer or payment card network can charge on debit card transactions; the amendment doesn’t address credit card transactions. […]

By | May 19th, 2010|Categories: Technology, AP Industry|0 Comments

Lavante Connect – The Buzz has Begun!

REPOST: Lavante CEO, Joe  Flynn successfully got Lavante Connect kick-started in front of the “IAPP Emerging Technology Tour” in the FUSION 2010 exhibit hall on Tuesday Morning filled with approximately 1600 financial professionals.  Earliest reactions have been fantastic and FUSION attendees flooded the booth to review a demonstration of the new products and platform. (See Joe [...]

By | May 19th, 2010|Categories: Technology, Tax ID Numbers, Supplier Information Management, Lavante|0 Comments