Building a World Class Accounts Payable Operation: P2P, AP

Accounts payable best practices are shifting as new technology removes many transaction-based tasks. This 60-minute webinar helps you judge how your AP department compares with top-performing operations and what makes an AP function succeed.

You'll learn which technologies every AP operation needs, how to select and implement them on a limited budget, and how to redesign processes to make full use of them. The session covers balancing controls with efficiency to reduce the risk of fraud and costly errors, AP customer service, and payment strategies that improve cash flow and create revenue.

It also explains the metrics every AP department should track, how to build an improvement strategy around them, and how to change perceptions of AP in your organization.

• Identify the challenges facing modern AP departments
• Select and implement the technologies an AP operation needs
• Design processes that make full use of AP technology
• Create controls that reduce fraud and errors without slowing service
• Use payment strategies to improve cash flow and create revenue
• Track key AP metrics and build an improvement strategy around them

• Challenges facing modern AP departments
• Must-have AP technologies
• Selecting and implementing these technologies
• How technology affects process design
• Controls that reduce the risk of fraud and costly errors
• Balancing controls with efficiency
• AP customer service concepts and techniques
• Payment strategies to improve cash flow and create revenue
• The changing role of AP
• Metrics every AP department should use
• Building an improvement strategy around metrics
• Changing perceptions of AP within your organization

Fraud and mistakes are costly, yet heavy controls can slow AP and frustrate internal and external customers. AP leaders also need the right data to find bottlenecks in the procure-to-pay process and build a culture of continuous improvement.

The strategies apply to organizations of all sizes, from shared service centers to smaller or decentralized operations, and suit AP, finance, P2P, shared service, treasury, accounting, tax and HR leaders.

• Accounts Payable Managers and Directors
• Chief Financial Officers
• Vice Presidents of Finance
• Procure to Pay Leaders
• Shared Service Leaders
• Treasury Leaders
• Accounting Manager
• Accounting Professional 
• Tax Managers 
• HR Manager
• Hr Directors

Brian G. Rosenberg, CEO of TRG Consulting, is a leading expert in AP automation and process improvement. He has over 15 years in the design of accounts payable shared service centers and nearly 20 years of experience with the implementation of accounts payable solutions. Mr. Rosenberg is also the chairman of the editorial board for Financial Operations Matters magazine and is a published author, and speaker, on procure-to-pay best practices.