Accounts Payable – Planning, Organising

In today’s business climate, organizations in every sector are under pressure to do more with less. That means businesses cannot afford to squander opportunities to free up their working capital. By giving you greater availability to the cash trapped on your balance sheet, a formal working capital strategy can deliver the added liquidity you need to fund growth, streamline processes, reduce costs, enhance service levels and seize new investment opportunities as they arise.

The management of the accounts payable (creditors) of an organization is essentially just one aspect of the management of the cash flow of that organization. Since organizations cannot survive without adequate cash flows, it follows that the management of accounts payable is a vital aspect of cash flow management.

Accounts Payable – Planning, Organising and Achieving Best Practice training course provides businesses and other organizations with a strong sense of where they stand against industry leaders and shows them how to take their services and organizational processes to state-of-the-art levels.

 

Accounts Payable, Financial Accounting and the Supply Chain

 Accounting and financial information: Accounts Payable in context

 Sources of finance

 The supply chain

 Financial position and financial performance

 Cash flow and Working Capital

 Why is cash flow so important?

 

Achieving World Class in Accounts Payable Processes

 Defining Best Practice in AP

 Moving beyond P2P

 Managing Risk

 Principles of Best Practice

 End to End AP Process

 Defining the issues in Accounts Payable

 

Improving Invoice Processing and Operational Management

 Invoice Handling and Approval Processes

 Verifying invoice data

 Paying “low value” items

 How to avoid duplicate payments

 Making the best use of staff time: limiting telephone calls to AP

 Does Petty cash management belong in Accounts Payable?

 

Harnessing Technology in Accounts Payable Processes

 Master Vendor File Management – getting it right from the start

 Travel & Entertainment

 Policy management

 Cash advances and employee reimbursement

 Process improvement through imaging and workflow

 Using the internet for AP effectiveness

 

Making the Payments and Maintaining the Relationships

 Communications & Customer Relations

 Payments status information for vendors and internal customers

 Improving Procure to Pay(P2P)Cycle

 Payments and Payment Solutions: Accounts Payable or Treasury?