Overview:
This practical session is designed to help professionals master the essentials of accounts payable management. Through real-world examples and interactive demos using free tools, participants will learn how to streamline AP workflows, implement controls, and leverage technology for greater efficiency. The course covers best practices, common pitfalls, and actionable strategies to ensure timely, accurate, and compliant payments. By the end, you’ll be equipped to enhance your organization’s AP function and contribute to its financial health.
Why you should Attend:
Are late payments, errors, or compliance issues putting your business at risk? Learn proven AP strategies and hands-on techniques to streamline processes, reduce errors, and add value to your organization.
Areas Covered in the Session:
- Overview of the accounts payable process and its importance
- Key AP controls and compliance requirements
- Hands-on demo: Automating invoice tracking and approvals with free tools (e.g., Google Sheets, Trello)
- Strategies for managing vendor relationships and negotiations
- Preventing and detecting common AP errors and fraud
- Best practices for timely payments and cash flow management
- Metrics and KPIs to measure AP performance
- Real-world case studies and interactive exercises
Who Will Benefit:
- AP Professionals
- Accountants
- Finance Team Members
- Managers
- Business Owners
- Procurement Staff
- Anyone Involved in Payment Processing