When Vanessa Taggart, Director, Corporate AP, said that she didn’t know what a second B Notice looked like because Lehigh Valley Health Network had never received one, it was obvious this was an extremely well-run accounts payable operation. Vanessa and Tricia Wieder, Manager Corporate AP at Lehigh Valley Health Network joined Mary Schaeffer on the AP Now podcast to explain exactly how they achieved this remarkable feat.

The podcast begins with Tricia explaining exactly what an IRS B Notice is. Most professionals who work in accounting and accounts payable know that B Notices take a good deal of work and effort to address according to IRS requirements. Hence the best practice is to follow the rules rigidly and avoid them altogether. Yet, this is a feat few achieve.

Vanessa and Tricia spent the remainder of the podcast discussing several best practices they religiously use in their accounts payable operation. While these practices help them avoid B Notices, almost completely, they also help protect against fraud and erroneous payments. A side benefit is they also allow the organization to be compliant with various other regulatory requirements. The five steps used at Lehigh Valley Health Network can be easily replicated at other organizations.

Host: Mary Schaeffer (https://www.ap-now.com/) 

Sponsor: Stampli (https://www.stampli.com/apnow/)

Credit: Music: https://www.purple-planet.com