Self-Study Course Details
Course Description

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. 

Learning Objectives:

  • 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
Learning Objectives
  • Please see the 'Course Description' for the learning objectives.
  • None
Advanced Preparation


Author Details
  • Mary Schaeffer
    Mary Schaeffer

    Mary Schaeffer, AP Now’s Founder creates content around the accounts payable and payment function. This material takes the form of a twice-a-week free ezine, the AP Now podcast and YouTube channel with 500+ videos, a monthly newsletter, 20+ business books, a variety of courses for accountants and AP professionals, and numerous webinars. She served on the Business Payments Coalition and Federal Reserve’s Remittance Delivery Assessment Work Group, and is currently a member of Nacha’s ACH Network Advisory Panel. Schaeffer has been named a Top AP Influencer for the last five years. She also received the Well-Being for Others award from them in 2021 and was named the Top AP Influencer in 2022. She has a BS in Mathematics and an MBA in Finance. Before founding AP Now, she worked in corporate finance and treasury for Continental Grain (Cash Manager) Equitable Life, now AXA (Assistant Treasurer) and O&Y (Financial Risk Manager). 

NASBA Sponsor
  • National Registry of CPE Sponsors for the QAS self-study delivery method
    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:


  • Webinars: CPE certificates will be accessible through your dashboard 1 hour after a webinar concludes.

    Self-Study: CPE certificates will be accessible through your dashboard immediately after passing the qualified assessment.

    For specific instructions on accessing your CPE, please see our FAQ section on our support page.

  • Multiple Attendees on Webinars: Each attendee should register separately for the webinar. If more than 1 attendee participated from the same device, please contact us after the event to let us know. For group signups for paid events, please contact us.

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