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- Title
Getting Accounts Payable and Purchasing in Sync.
- Authors
Marshall, Jeffrey; Heffes, Ellen M.
- Abstract
The article provides a series of tips for improving the performance and accountability of purchasing and accounts payable departments. Tehseen Ali, president and chief executive officer of Verian Technologies is quoted and reports that the departments must be separated to ensure checks and balances. Both departments must communicate with each other to protect vendor relationships. The role of accounts payable is clearly described and should not deviate into other segments of business. Purchase orderers should not have access to invoice screens.
- Subjects
PURCHASING management; INDUSTRIAL procurement; MATERIALS management; ELECTRONIC procurement; PURCHASE orders; PURCHASING agents; CORPORATE purchasing; ACCOUNTS payable; FINANCIAL statements; BOOKKEEPING; ENTERPRISE spend management; EMPLOYMENT; MANAGEMENT; SAFETY
- Publication
Financial Executive, 2006, Vol 22, Issue 4, p11
- ISSN
0895-4186
- Publication type
Article