Are you thinking about implementing an Accounts Payable Automation system? Do you know where to start or what to consider?
In this course, we discover some of the Accounts Payable functions that can be automated.
Additionally, it is recommended the company determine the options the company wants from a workflow tool and potential providers. We discover how to research and explore options before speaking to potential providers.
In order to determine what to search for, we explore some of the work the interested company should perform prior to performing research or approaching system or program providers and we identify some of the options the company may want the selected provider to offer.
Just like preparing to interview a potential employee, the company should identify some of the questions that should be asked of potential system or program providers and any project managers or consultants the company may consider bringing in for the duration of the project.
Do you know how to identify gaps between the company’s requirements and what the potential provider can supply? This course includes steps to be used in a decision making model.
Whether considering an Accounts Payable Workflow tool, a Purchasing Card Program or implementing ACH payments, this course supplies you with thoughts to consider in selecting a solution or provider.
Review Questions: Selecting an Accounts Payable Automation Provider
Final Exam: Selecting an Accounts Payable Automation Provider
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I started CS Process Flows, LLC in April of 2016 after a 30+ year career working in various accounting areas. My career in accounts payable started when I was hired as a processor. Then I worked my way through accounts receivable and general accounting before coming back to accounts payable as a manager. The challenges presented in Accounts Payable and all of the exciting changes going on in this area over the last few years and into the future are my passion.
My experience includes building new AP operations, identiifying ineffecienies and implementing solutions in existing teams and being involved with other areas of the Procure to Pay work stream. I have success in establishing and strengthening relationships with team members within Procurement, IT, and other areas of finance when working on AP related projects and with management of outsourced delivery centers overseas.
Needless to say, I have learned a lot and I want to share my knowledge with companies that may be just starting to explore some of the options now available. or simply what to improve their current operations.
My experience includes managing up to 25 AP staff members processing upwards of 30K invoices a month, so I am very aware of what it takes to manage transations. I have also managed the implementation of several different types of AP workflow systems over the years, a Concur Travel and Expense reporting system, different Corporate Card programs, including both Purchasing and T & E cards, and ACH payment programs. My experience also includes a project to outsource check printing and the transition of 7 Tyco Business Units to an outsourced delivery center in India.
I am an Accredited Payables Manager (APM).
I hope by sharing what I have learned, I can help you.