RESOURCES
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Shared Services superstar, Kerry Hartshorn of Ibstock plc joins Alisa from Xelix down The AP Arms to share hertop tips around stakeholder engagement, process improvements and harnessing data to showcase the performance of the no longer “sleepy back-office function” that AP can be deemed as.
Read more - Building the internal reputation of Accounts Payable
“UK SOx” has been one of the 2023 buzzwords for most finance departments in the UK. But what exactly is UK SOx and more importantly, what is needed to ensure your business is compliant by January 1st 2025?
Read more - UK SOx 2024: Compliance & Internal Audit Controls
A year-end financial audit may seem like another daunting task on your to-do list, but it doesn't have to be. Beyond compliance, Accounts Payable audits help uncover financial discrepancies, enhance transparency, and build trust with stakeholders. In this post, you’ll learn about the benefits of carrying out a year-end Accounts Payable audit and the practical steps to take to ensure your audit not only goes smoothly but also acts as a valuable tool for your company.
Read more - How to prepare for your year-end Accounts Payable audit
It’s that time of year again, and planning for 2023 is top of the agenda for businesses everywhere. But this time, the rules of the game have changed.
Read more - Three top Accounts Payable trends in 2023 that finance teams must know about
Spend analysis is imperative for your professional procurement function as it reviews all spend data. This data-gathering process helps you gain insight into business spending, so you can take the necessary action to reduce costs, increase efficiency, improve supplier relationships, and calculate risks.
Read more - What is spend analysis and why does it matter?
Accounts Payable (AP) is an integral part of any business as this is the base of your company’s relationships with key suppliers. However, some businesses are so focused on innovation and growth that they neglect Accounts Payable duties.
Read more - 6 ways Accounts Payable automation helps with setting your goals and objectives
If you’re one of the 40% of workers currently considering their next career move*, we’ve got great news. Qualified Accounts Payable candidates are in high demand, salaries are increasing, and better benefits are on the table. Here’s why.
Read more - How you can get the most from your Accounts Payable career
Accounts Payable is a candidates’ market right now. There are more AP jobs than there are qualified candidates to fill them, leaving many employers struggling to fill vacancies. Things aren’t likely to improve any time soon either, as experts predict significant churn in the post-pandemic job market.
Read more - Hiring in Accounts Payable is getting harder: five ways employers can secure top-flight talent
With an avalanche of invoices to pay, processes to keep on top of, and demanding workloads, measuring Accounts Payable metrics might be a lower priority for your finance team. Especially as an IOFM report found the median number of invoices processed by AP teams climbed 28% year-over-year while headcount dropped 12%.
Read more - Top Accounts Payable KPIs to go after in 2024
In December 2024, the UK government announced a change to the existing Prompt Payment Code. The new Fair Payment Code (FPC) aims to further clamp down on late payments to small and medium-sized enterprises and incentivise good payment practices.
Read more - Prompt Payment Code to Fair Payment Code: What AP teams need to know