Letting someone else pay the bills: Simon and Schuster writes the book on outsourcing accounts payable

Article Abstract:

The Simon and Schuster publishing company of New Jersey has outsourced its accounts payable department to NPC of Cleveland, Ohio, a data processing subsidiary of National City Bank. The operation features an SAP purchase order module and an accounts payable system which converts paper invoices into files on CD-ROMs. The system has been praised by Simon and Shuster corporate disbursement director Richard Mignone for saving costs for the firm.

Accounting, auditing, & bookkeeping, Accounting & Auditing Services, Accounting, Tax Preparation, Bookkeeping, and Payroll Services, Book publishing, Book Publishers, Publishing industry, Services, Accounting and auditing, Accounting firms, Accounting services, Simon & Schuster Inc., Accounts payable, NPC

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Reducing investment portfolio risk: managing liquid assets in a challenging environment

Article Abstract:

Most of the board members believe that liquidity is more important than yield. As money market mutual funds provide liquidity, they have become very popular with Treasurers and CFO's.

Evaluation, Liquidity (Finance)

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Treasury Outsourcing: Evaluating New Strategies in Challenging Times

Article Abstract:

Company treasurers choose to outsource as a method to save cost and yet use the latest technology in expanding internationally without need to invest in systems development.

International business enterprises, Multinational corporations, Financial planners, Cash position (Corporate finance)

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