Both the business world and more specifically, the accounts payable function are going through a massive upheaval. These changes, if not recognized and dealt with appropriately and in a timely manner can have a huge negative impact on any organization’s bottom line. Technology has definitely played its part, but there are other not-so-readily recognizable factors that come into play. If not addressed fraud becomes easier to perpetrate, expenses to run the operations skyrocket and there can be trouble with the regulatory authorities.In this groundbreaking work, industry expert Mary Schaeffer takes a deep dive into the developing issues impacting the accounts payable function of every company. This book is a must-read not only for the professionals who work in or manage the accounts payable function, but the controllers, auditors, CFOs, and other professionals involved with the payment process. The issues evaluated in this book are critical to those who want to run a cost-effective, efficient, fraud-resistant accounts payable function. And for a very good reason, after all, It’s All about Your Bottom Line!
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Mary S. Schaeffer, a nationally recognized accounts payable expert, is the author of 18 business books, a monthly newsletter and a free bi-weekly e-zine, as well as several CPE courses for CPAs. She runs AP Now, a boutique publishing, training and consulting firm focused on accounts payable issues. Before turning to writing and consulting she worked in the corporate world as an Assistant Treasurer for the Equitable Life Assurance Society, a Financial Risk Manager for O&Y and a Corporate Cash Manager for Continental Grain. A frequent and popular speaker at industry live and online events, she has an MBA in Finance and a BS in Mathematics.
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