Making 'No PO, No Pay' Work for Your Organization
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Making 'No PO, No Pay' Work for Your Organization

This course explains what “No PO, No Pay” means and why companies are moving to this model.
New
0.0 (0 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
0 students enrolled
Last updated 7/2017
English
Current price: $10 Original price: $50 Discount: 80% off
5 hours left at this price!
30-Day Money-Back Guarantee
Includes:
  • 1.5 hours on-demand video
  • 2 Articles
  • 2 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Identify the definition of “No PO, No Pay”.
  • Explore the advantages of using Purchase Orders (PO) to order goods and services and to track spend.
  • Identify the key components of a Purchase Order.
  • Explore the difference between 2-way and 3-way PO matching.
  • Explore other terms and some of the conditions for a successful “No PO, No Pay” policy implementation.
View Curriculum
Requirements
  • No advanced preparation or prerequisites are needed for this course.
Description

In this purchase order training course we learn what “No PO, No Pay” means and why companies are moving to this model. We explore the benefits of using Purchase Orders (PO) for goods and services and identify how Purchase Orders can be created for facility, utility and telecommunication costs and identify the key components of a Purchase Order and how they can be used to post costs more timely and to track spend.

We also explore the difference between 2-way and 3-way match and learn how to leverage Purchase Orders to monitor spend and when to determine if budgeted amounts can be or need to be adjusted. In addition we learn the benefits of “Return to Vendor” policies and procedures.

Change management is key in implementing any new policy. We discover the steps needed to communicate a “No PO, No Pay” policy to vendors and to any employees who may place an order with a vendor.

A “No PO, No Pay” policy comes with strong terms and conditions. We explore these together to ensure ongoing compliance and success in your Accounts Payable organization. 


Who is the target audience?
  • Anyone in finance, accounting or related fields.
Compare to Other Accounting Courses
Curriculum For This Course
9 Lectures
01:21:53
+
Introduction
7 Lectures 01:21:51



Quick Review of Accounts Payable
11:02

The Benefits of No PO, No Pay
08:50

The Procure to Pay Work Stream and Conclusion
03:09

No PO, No Pay Continuous Play
40:53
+
Supporting Materials
2 Lectures 00:02
Slides: No PO, No Pay
00:01

No PO, No Pay Glossary/Index
00:01
+
Review and Test
0 Lectures 00:00

Review Questions: No PO, No Pay- Can It Work for Your Organization?

Review Questions
3 questions

Final Exam: No PO, No Pay-  Can It Work for Your Organization?

Final Exam
6 questions
About the Instructor
Illumeo Learning
4.4 Average rating
322 Reviews
1,364 Students
242 Courses
Condensed and Efficient Courses for Busy Professionals

Illumeo, incorporated in 2009, is revolutionizing the hide-bound world of corporate learning. Illumeo works with corporate professionals and organizations of all sizes to build the skills and capabilities that help everyone be an expert at their job.

Based in Silicon Valley, CA, Illumeo serves thousands of corporations and corporate professionals across Finance, Accounting, Human Resources, Sales and Marketing. The platform offers assessments, industry-benchmarked competency analyses, hundreds of expert-developed courses, collaborative tools, and the ability for companies to self-publish internal courses that promote institutional knowledge retention and dissemination.

Illumeo is the place for expertise management and we are dedicated to the proposition that everyone can be an expert at their job.

Anne Wheeler (Illumeo)
4.5 Average rating
5 Reviews
15 Students
8 Courses

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.