![Euro training Center Euro-training Center](https://www.euro-training.net/image/logo.png)
![Managing the Cash Cycle via Accounts Payable Best Practices F1324 QR Code Managing the Cash Cycle via Accounts Payable Best Practices F1324 QR Code](https://www.euro-training.net/qr/temp/test87006558e328940889684c00a43a026c.png)
Managing the Cash Cycle via Accounts Payable Best Practices
Overview:
Introduction:
This training program will provide participants a leading-edge forum to significantly improve their working capital management skills. They will gain a comprehensive range of very practical and highly effective tools and approaches that can be immediately implemented upon their return to work.
Program Objectives:
At the end of this program, 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.
-
Employees working within Transactional Finance, Accounts Payable or Accounts Receivable process.
Program 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.
-
Importance of Cash Flow.
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?