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 Managing the Cash Cycle Accounts Payable Best Practices F1324 QR Code
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Managing the Cash Cycle: Accounts Payable Best Practices



This 5-day program will provide a leading-edge forum for you to significantly improve your working capital management skills. You will gain a comprehensive range of very practical and highly effective tools and approaches that can be immediately implemented upon your return to work.

Course Objectives:

At the end of this course the participants will be able to:

  • Work effectively with the fundamentals of accounts payable.
  • Understand and apply the fundamentals of effective transactional management systems
  • Review and comment on payment methods and cash management
  • Understand the need to incorporate risk and uncertainty into transactional processing and cash flow management
  • Identify best practice across all industries by examining case studies from across the globe

Targeted Audience:

  • Finance Executives
  • Accountants
  • Others who are working within Transactional Finance, Accounts Payable or Accounts Receivable process or who wish to develop a practical toolkit to complement their existing professional or technical skills

Course Outlines:

Unit 1: 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?

Unit 2: 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

Unit 3: 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?

Unit 4: 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

Unit 5: 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?

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