Project to Determine a More Efficient Method for Management of Commercial Accounts Payable at Walter Reed Army Medical Center.

摘要

This project assessed the effectiveness of current accounts payable processes throughout all functional areas and identified problem areas which have contributed to difficulties with prompt payment. The results indicate that the combined benefits of an interface of existing automated systems would streamline the accounts payable process, with an organizational structure, would provide improved staffing and supervisions, and would resolve the problem of timely payment to vendors. A Vendor Liaison Office would serve as the point of entry into the system for questions and concerns regarding payments. Significant reductions in the amount of interest penalties paid, cost reductions from discounts earned, and improved vendor relations can be achieved through this improved method for efficient management of commercial accounts payable.