Self-Study Course Details
Both the business world and more specifically, the accounts payable function are going through a massive upheaval. These changes, if not recognized and dealt with appropriately and in a timely manner can have a huge negative impact on any organization’s bottom line. This course takes a deep dive into the developing issues impacting the AP function of every company. The issues evaluated in this course are critical to those who want to run a cost-effective, efficient, fraud-resistant AP function.
- Pinpoint problems that arise when best practices are ignored in AP
- Identify how to implement a best practice AP policy
- Learn how to create procedures that address new issues impacting AP function
- Understand how to create a best practice policy to address new invoice receipt issues
- Learn how to develop an efficient process to handle emailed invoices
- Understand how to devise a plan to weed out duplicate copies of the same invoice
- Learn how to implement an ACH payment program
- Identify how to develop a policy to use ACH to handle all Rush payments
- Learn how to build a process to supply remittance information with ACH payments
- Learn how to expand an existing ACH payment program
- Identify how to develop strategies to convince suppliers to accept electronic payments
- Learn how to avoid the hidden surprises that can destroy an ACH payment program
- Learn how to create a best practice receipt requirement policy
- Identify how to use a new receipt policy to deter fraud and identify expense report abusers
- Identify common tricks used by some employees to pad their expense reports
- Understand how to develop procedures to prevent your company from being hurt by ACH fraud
- Learn how to implement a vendor portal to improve AP’s efficiency
- Learn how to utilize a self-service policy suppliers’information
- Understand how to eliminate the possibility of change of account fraud
- Learn how to create a scoreboard to monitor AP activity
- Understand how to utilize big data to better analyze procurement data
- Understand how to take advantage of data analytics to improve payment and payables functions
- Pinpoint all the issues that need to be addressed in a BYOD policy
- Understand how to create a realistic BYOD policy that addresses your company’s needs
- Identify common BYOD concerns and develop policies to address them
- Pinpoint the reasons internal controls fail and address them
- Identify the control problems in the payment process
- Spot the control problems in the AP process
- Detect common control issues around personnel
- Recognize new terminology and technology in use in AP
- Understand how to reorganize the AP function to take advantage of new technology
- Learn how to implement procedures to ensure compliance with all the regulatory issues
- Understand how to create a Dynamic Discounting program
- Pinpoint the skill sets and personnel likely to be successful in AP in the future
- Understand how to implement a customer service approach in the AP department
- Identify the needed skills you or your staff might need
- Please see the 'Course Description' for the learning objectives.
Mary S. Schaeffer is the founder of AP Now, a B2B learning and information company focused on creating business intelligence around the accounts payable and payment functions. She has written 18 business books, created a number of CPE self-study courses, customized training and online training events. Schaeffer is a frequent and popular speaker at both online and live events. Previously she held positions as an Assistant Treasurer for the Equitable Life Assurance Society, a Financial Risk Manager for O&Y and a Corporate Cash Manager for Continental Grain. She has an MBA in Finance from NYU and a BS in Mathematics from York College (CUNY).
Encoursa is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBAregistry.org.
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Self-Study: CPE certificates will be accessible through your dashboard immediately after passing the qualified assessment.
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