Month: April 2011

How to improve your accounts payable audit

The accounts payable audit is a necessary procedure in modern workplaces.  However talented and diligent accounts teams are, duplicate payments and other errors are always going to occur, and these can end up costing thousands of pounds. Many businesses pay professional recovery auditors, but these often charge extremely high fees.  If it is possible to train your own in-house Accounts Payable teams to conduct the recovery auditing, you may be able to save money and improve internal processes.  This can now be easily done thanks to recovery audit software.

The software detects duplicate payments, invoicing errors, compliance issues and supplier fraud.  Since it can be used by Accounts Payable teams, it not only increases control but also improves processes, thus preventing more errors from happening.  Using a combination of search algorithms and pattern matching technology, the software gives a detailed report of potential duplicate payments and errors that may have been made.  The benefits of using this technology are manifold.

The software allows you to pre-process your upcoming payments, so that you should never have to pay a duplicate invoice again.  You can audit all your past payment data in one easy step, and any money recouped through recovery will go straight to your bottom line, increasing your surplus.  Importantly, the software tells you the reason for each duplicate, enabling you to improve your processes and prevent it from happening again.  It is often a positive thing to recover control of your accounts payable audit process – it may be satisfying to see an outside team of experts come in and coordinate the process, but the knowledge and overview that can be achieved from conducting this process in-house is priceless.

What is more, surprisingly little training is required to use the software.  Anyone in the Accounts Payable team can use it, and there is no need for any auditing qualifications.  There are therefore no retraining fees.  Indeed installation and ownership also incur fairly little by way of cost.  Training and installation is very quick, and designed to work immediately.  Free online training is provided annually to ensure that ownership costs are as low as possible.

Recovery audit software really can revolutionise the way you conduct your accounts payable audit.  The process of checking for duplicate payments and other errors can tell you a lot about how the department works and how it can improve, so surely it makes perfect sense to conduct this process using your own existing team.

Please visit http://www.fiscaltechnologies.com/ for further information about this topic.

http://www.fiscaltechnologies.com/

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A kickboxing club might be a great surprise

Kickboxing is a good way to work out, for a number of reasons. If you’re interested in beginning kickboxing London is a brilliant place to look because there are so many different clubs and styles. Because different types of kickboxing club will suit different people depending on the emphasis of their training, it’s worth looking around a little before you commit to one or another.

Being a rounded kickboxer depends on a number of different factors. There is the technical side of things – being able to do the right kicks and punches competently, and have adequate hand and footwork to block and avoid strikes from your opponent. As you train, you will acquire balance, co-ordination and flexibility (since it’s pretty much impossible to kick on-target at, say, head height in a controlled manner without these). You will also require speed, since much of the outcome of a round of sparring depends on who manages to react fastest and to get in a strike before the other does. You will develop strength, because the more powerful your techniques are the more reliable and effective they will be. Finally, you will gain stamina. Although this may seem like a comparatively unimportant variable, if you are sparring for several rounds then exhaustion is a major factor. The intensity of a round means that tiredness can make all the difference – many fights are won or lost not on technique, but simply because one side was significantly less fit and tired too soon.

This all makes kickboxing a fantastic form of broad exercise. Naturally, the type of kickboxing club you go to will have its own emphasis. Some focus on sparring/fighting, others on self-defence, others on fun or fitness. Fortunately, when it comes to kickboxing London has so many clubs that you should be able to find something that suits you – in terms of its focus as well as cost, timing and so on. However, all clubs should require something of all of these – agility, flexibility, strength, speed and stamina – meaning that if you train you should find all of these areas improving over time. That’s quite a range of benefits, something that you rarely find in a single sport. (This is why so many sports involve a level of cross-training – for example, runners often do some weights to improve their strength, and cycling to help with stamina without incurring the pounding of more miles.) A good club will include exercises that help all of these areas, making you fitter across the board.

Please visit http://www.zendokickboxing.com/ for further information about this topic.

http://www.zendokickboxing.com/

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