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

Abstract

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, which would streamline the accounts payable process, with an organizational structure, which would provide improved staffing and supervisions, 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.

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Document Details

Document Type
Technical Report
Publication Date
May 26, 1989
Accession Number
ADA237778

Entities

People

  • Tommy W. Mayes

Organizations

  • Academy of Health Sciences

Tags

Communities of Interest

  • Biomedical

DTIC Thesaurus Topics

  • Accounting
  • Business Administration
  • Control Systems
  • Finance
  • Financial Management
  • Health Care
  • Health Services
  • Information Systems
  • Management Personnel
  • Medical Personnel
  • Money
  • Organizational Structure
  • Personnel Management
  • Procurement
  • Supervision
  • Therapy
  • United States

Readers

  • Defense Financial Management and Audit.
  • Industrial Economics
  • Medical or Health Care Field.