Account Payable Best Practices 2019

Topics

• Improve your invoice processing
• Implement effective payment technologies
• Comply with regulatory issues affecting the payment process
• Avoid costly mistakes due to spoofed emails
• Improve the invoice approval response time
• Reduce the number of invoices submitted more than once
• Earn more early payment discounts
• Minimize the number of request for Rush payments and checks returned to requisitioners
• Avoid costly master vendor file practices
• Deter fraud (both internal and external)
• Identify problems within their existing master vendor file practices
• Implement master vendor file best practices that will enable proper TIN solicitation
• Identify best control practices for the entire procure-to-pay process
• Evaluate your own processes to identify weak controls that need tightening;
• Identify frauds that can be prevented through good master vendor file practices
• Make their master vendor file fraud-resistant;
• Identify and collect all data needed to run an efficient and regulatory compliant AP function;
• Address the segregation of duties issue correctly
• Identify the types of payment frauds likely to impact your organization
• Pinpoint seven common myths that often lull an organization into thinking they don`t have to take action against payment fraud
• Evaluate the different fraud protection products offered by the banking community
• Create the proper controls within your organization so you can stop employee fraud
• Address corruption and bribery issues
• How to document new vendors
• How to handle single purchase vendors in the master vendor file
• How to prevent fraud in the master vendor file
• What special treatment should you give critical vendors
• Dealing with vendors who make nuisance calls
• Dealing with unpleasant vendors and more

Who should Attend

Attendees with job titles such as:

• Accounts payable director
• Accounts payable manager
• Accounting manager
• Accounts payable supervisor
• Assistant controller
• Controller
• Accountant
• Accounts payable associate
• Disbursements manager
• Accounting manager
• Payment professionals
• Assistant accounts payable manager
• Treasury professionals
• Cash managers