New Payment World: A Manager's Guide to Creating an Efficient Payment Process [Hardcover]

Mary S. Schaeffer (Author)

Book Description

ISBN-10: 0470120541 | ISBN-13: 978-0470120545 | Publication Date: July 16, 2007 | Edition: 1

Praise for

New Payment World

A Manager's Guide to Creating an Efficient Payment Process

"This book is ...for every accounts payable manager as well as for those above them in the chain of command ...I found New Payment World to be very thought-provoking. I believe that it can help you to evaluate what you are doing right or wrong, and help you to determine where changes might benefit your organization."
-Marie J. Misterka, Vice President, BNP Paribas

"Mary Schaeffer has written the definitive work on the whole range of corporate payment processes. From the challenges presented when managing check payments through the how to's for setting up e-payments, Mary addresses each of their benefits and their potential pitfalls. This is a must-read book for every accounts payable professional."
-Bob Rayca, Vice President, InterplX Technologies

"Mary Schaeffer has done an outstanding job of putting together a concise, comprehensive, and well-organized guide to getting a handle on and planning for the future of the payment function. She identifies the problems, investigates and provides an in-depth analysis of the tools available, and makes recommendations on what to do to create an efficient and effective payment process."
-Kevin M. Moonan, COO and Managing Partner, Pinpoint Profit Recovery Services, Inc.

The payment process for your organization may not be very different today than it was five or ten years ago. But here's a guarantee: it will be enormously different-and much more cost-effective-five or ten years from now. Don't get left behind- New Payment World: A Manager's Guide to Creating an Efficient Payment Process can get your organization up to speed to be part of the payment revolution that has already started.

Editorial Reviews

Review

"New Payment World starts with an overview of how organizations are paying their bills today. There are tips and guidance for starting and expanding programs for the P-Cards, E-Payments, as well as integrated payments and outsourcing. Auditors will definitely appreciate the chapters on prevention tools and techniques for check and ACH fraud." (Auditnet.org, June 2008)

From the Inside Flap

New Payment World

A Manager's Guide to Creating an Efficient Payment Process

In the past five years, the number of electronic payments that U.S. companies have made has doubled while the number of checks written has started to decline. With increasingly more vendors requiring their customers to pay electronically, corporations will be seeking guidance on the alternatives that are available to them. That guidance is here.

Holding conventional payment functions up to the light of day, New Payment World: A Manager's Guide to Creating an Efficient Payment Process is a revolutionary guide to creating a successful electronic payments process for the modern corporation. Insightful and highly readable, its practical approach to the payment alternatives available to corporations provides an abundance of best practice ideas for accounting managers, auditors, and CFOs.

Written by esteemed author and accounting expert Mary Schaeffer, New Payment World begins with an eye-opening overview of how organizations of all types are paying their bills today and how they think they will be paying invoices five years from now. This guide covers a myriad of topics, including:

• International payments and letters of credit

• The underpinnings of the payment tools currently in use in business-to-business interactions

• An in-depth analysis of payment tools including paper checks, wire transfers and electronic data interchange, p?cards, e-payments, ACH credits and debits, and use of the petty cash box

• Outsourcing

• Sarbanes-Oxley and internal controls

• Check fraud: Prevention tools and techniques

• ACH fraud: Prevention tools and techniques

A thorough introduction to every aspect of the payment process, New Payment World is an authoritative guide filled with immediately useful advice to setting up the payment process that works best for your organization.

See all Editorial Reviews

Product Details

• Hardcover: 208 pages
• Publisher: Wiley; 1 edition (July 16, 2007)
• Language: English
• ISBN-10: 0470120541
• ISBN-13: 978-0470120545
• Product Dimensions: 9.2 x 6.3 x 0.8 inches
• Shipping Weight: 13.6 ounces (View shipping rates and policies)
• Amazon Best Sellers Rank: #221,333 in Books (See Top 100 in Books)

More About the Author

Towards the end of my 15 year finance career, I began writing - first books and then magazine articles. No one told me it was supposed to be the other way around. Talk about ignorance being bliss! With two books and perhaps 50 articles under my belt, it became clear to me where my future was.

For the last ten years I have been interviewing business professionals and writing about their issues. My most common theme came from an area that I thought had no potential - accounts payable. Now I devote the lion's share of my time to the issue, writing a newsletter(www.ap-now.com), a free e-zine, books for John Wiley & Sons and a short piece or two amazon.com and others.