Accounts Payable Best Practices for Long-Term Resilience FLEXCAST

Overview

Accounts payable, a critical component of financial management, can be a source of significant inefficiency and financial loss when not properly managed. This course addresses the challenges organizations face, such as duplicate payments, fraud, regulatory non-compliance, and strained supplier relationships. The rapid evolution in fraud tactics, technological advancements, and regulatory changes have further complicated the accounts payable process. This course offers a comprehensive solution to these challenges by outlining updated best practices, particularly in the context of remote working environments highlighted by the COVID crisis. Participants of this course will learn to identify and eliminate ineffective practices, streamline their accounts payable process, and implement fraud-resistant systems. By transforming your accounts payable process, you can protect your organization’s financial health and maintain robust vendor relationships, crucial for long-term success.

Highlights

Invoice delivery and processing. Payment technologies. Regulatory issues affecting the payment process. Travel and entertainment. Master vendor file and the raft of new frauds focused on it. Staffing.

Prerequisites

None.

Designed For

CPAs and accountants.

Objectives

Identify best practices. Weed out worst practices. Create an efficient, effective and fraud resistant Accounts payable process.

Preparation

None.

Notice

This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.