Search results for:davidparmenter.com

Need a new search?

If you didn't find what you were looking for, try a new search!

The eight benefits of a P-card (purchasing card)

The eight benefits of a P-card :

Savings on transaction costs. $90 per transaction via a traditional, paper-based purchase order process to $20 for a transaction via P-card*
Process simplification. 3 approvals for a $2,000 payment in a traditional PO system, to 1.4 approvals for a p-card transaction*
Increased working capital. A typical p-card transaction provides 29 days of float
[…]

By |October 10th, 2021|Comments Off on The eight benefits of a P-card (purchasing card)

8 better practices for a purchasing card (P-card)

Introduce a purchasing card (P-card)
An extract from  50+ Ways To Improve Accounts Payable – Toolkit (70 page Whitepaper + e-templates)

The large study, already mentioned, states that the average cost of the whole purchase cycle has been estimated at $90 per transaction.  This is pretty horrific when you realize that a high portion of your transactions are […]

By |October 10th, 2021|Comments Off on 8 better practices for a purchasing card (P-card)

Accounts Payable Best Practices

I have developed a toolkit to help AP teams optimize their AP.  The toolkit is a 70 page document with accompanying electronic media to help you get started.  It covers the following strategies (the number in brackets are the better practice s to adopt).

Accounts payable systems improvements easy steps (7)

Accounts payable systems improvements more integrated steps […]

By |October 9th, 2021|Comments Off on Accounts Payable Best Practices

The Accounts payable survival toolkit

I have developed a toolkit to help AP teams optimize their AP.  The toolkit is a 70 page document with accompanying electronic media to help you get started.  It covers the following strategies (the number in brackets are the better practice s to adopt).

Accounts payable systems improvements easy steps (7)

Accounts payable systems improvements more integrated […]

By |October 9th, 2021|Comments Off on The Accounts payable survival toolkit

The top 10 steps to start moving the accounts payable function forward

When you AP is behind the 8-ball you need some simple steps to free up time:

close off accounts payable on the last working day of the month
limit budget holders’ accruals to material amounts only e.g. no accrual JV for less than $____, no one item on the accrual for less than $____
cease […]

By |October 9th, 2021|Comments Off on The top 10 steps to start moving the accounts payable function forward

Top 10 Accounts Payable Solutions

I have developed a toolkit to help AP teams optimize their AP.  The toolkit is a 70 page document with accompanying electronic media to help you get started.  It covers the following strategies (the number in brackets are the required better practice steps).

Accounts payable systems improvements easy steps (7)
Accounts payable systems improvements more […]

By |October 8th, 2021|Comments Off on Top 10 Accounts Payable Solutions

50+Accounts Payable Best Practices To Boost AP

I have developed a toolkit to help AP teams optimize their AP.  The toolkit is a 70 page document with accompanying electronic media to help you get started.  It covers the following strategies (the number in brackets are the required practices).

Accounts payable systems improvements easy steps (7)

Accounts payable systems improvements more integrated steps (3)

Administration improvements […]

By |October 8th, 2021|Comments Off on 50+Accounts Payable Best Practices To Boost AP

10 strategies for optimizing your accounts payable

I have developed a toolkit to help AP teams optimize their AP.  The toolkit is a 70 page document with accompanying electronic media to help you get started.  It covers the following strategies (the number in brackets are the better practice s to adopt).

Accounts payable systems improvements easy steps (7)

Accounts payable systems improvements more integrated steps […]

By |October 8th, 2021|Comments Off on 10 strategies for optimizing your accounts payable

The 10 rules for reporting a finance team need to follow

Reports should be designed to encourage action to take place, on a timely basis, in the right direction. They need to:

be a combination of daily/weekly/monthly reporting
be prompt – within 3 working days is better practice from month-end, next day for daily reports
be planned so they are structured with the reader’s decision in […]

By |October 7th, 2021|Comments Off on The 10 rules for reporting a finance team need to follow

The ten things wrong with board reporting packs

Board packs are too big.
Board packs are not prepared on a timely basis – board meetings should be within 10 working days of the period end.
Too many board packs –  because their are too many board meetings, 6 to 8 should suffice
Board packs lack a  board dashboard that gives a one […]

By |October 7th, 2021|Comments Off on The ten things wrong with board reporting packs