NEW ACCOUNTS PAYABLE PROCESS
Sho-Me Power has recently implemented a new automated electronic accounts payable system. Invoices are submitted to accounting department personnel in pdf form, and all packing slips or tickets are scanned to be attached to the electronic documents. Once the invoice files contain all supporting documents, they are added to the database, which routes them to the required parties within the company for approval. When approvers have checked the appropriate approval fields for an individual invoice, the document routes back to accounting department personnel for check preparation. After checks are written, electronic copies of the checks are linked to the accompanying invoices. This new system is designed to reduce paper waste, but it also saves time by eliminating the need to scan and manually file check and invoice copies.
“Electric co-ops are essential to the economic well-being of the communities they serve, providing good jobs, keeping the lights on, and helping to create a positive environment for families, farms and businesses to thrive.”
Jim Matheson, CEO of the National Rural Electric Cooperative Association (NRECA)
NIANGUA RIVER DAM
The Niangua Hydraulic Generating Station, situated on the Niangua River, approximately 24 miles northwest of Lebanon, was completed late in 1930 by the Management and Engineering Corporation and placed in operation by the Missouri Electric Power Company on November 9, 1930.