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ACCOUNTS PAYABLE BEST PRACTICES

Course Description

The Introduction to Accounts Payable Best Practices e-learning course will address the principles and benefits of today's leading best practices for the accounts payable function as well as detailed requirements and implementation techniques.  Each e-learning session is structured to provide question and answer opportunities as well as enabling each participant to develop the implementation plan for Best Practices across their organization.

About Accounts Payable Best Practices
Accounts Payable Best Practices are not software products.  Instead, these best practices represent fundamental process changes to your accounts payable business practices to eliminate major transactional components.  In recent studies, these best practices were among the primary methods used by companies who have been judged World Class Procurement and Disbursement Organizations.

Recommended Attendees
This e-learning course is designed for professionals who are motivated to implement proven solutions that will dramatically improve your business practices:

* VP of Finance/Controller 
* Director of Accounting 
* Managers/Supervisors of Accounts Payable, Purchasing and Accounting

What are Students Saying?
          "I've never found a course to be so valuable, and to have a presenter so knowledgeable.  Thank you for offering so much expertise and challenging our present business practices through the six-week course on AP Best Practices.  This course will be the foundation of my project work for the coming fiscal year.  It was an unforgettable experience and I'm looking forward to upcoming offerings after such a great first experience with IAPP's e-Learning!"
    -- Susan Arnold, CAPP, AP Manager, Starbucks Coffee Company

*2010 Dates Coming Soon!*
  

Members: $495
Non-members: $595
*Group members can register for just $445 when registering three or more members! Contact the education department at aptraining@theiapp.org to recieve your discount.

Sucessful completion of this e-seminar qualifies you to receive up to 15 CPE credits.

Course Schedule & Curriculum


Session One
Topic Timing
(minutes)
Introduction and Background
E-Learning Process
About IAPP
      About Soltec

10

Best Practices Change Management
What are APBP?
Mindset Changes
Adapting Your Organization to Predefined Solutions
      Implementation Tools and Critical Path

10

Procure-to-Pay Cycle
Present Cycle
Volumes and Costs
Opportunities for Best Practices
      Benchmarking Current Transactions and Cost Analysis

10

Adopting Best Practice Strategies for A/P Transactions
PO/Inventory Materials
      PO/Non-Inventory Materials

75

Assignments

5

Q&A

10


Session Two
Topic Timing
(minutes)
Review Transaction Types and Provide Clarification

15

Adopting Best Practice Strategies for A/P Transactions
Non-PO Invoices
Check Requests
Payroll Deductions
Utilities
Service, Rentals & Leases
      Travel & Entertainment

60

Assignments

5

Q&A

10


Session Three
Topic Timing
(minutes)
Review Assignment from Previous Session

15

Payment Terms and Cash Flow Considerations
Elements of Working Capital Improvement
Determining Payment Frequencies
PROX Terms Definition
      PROX Terms Impacts
      PROX Terms Benefits

45

Electronic Funds Transfer (EFT)

15

Assignments

5

Q&A

10


Session Four
Topic Timing
(minutes)
Review Assignment from Previous Session

15

Sales and Use Tax
Determining Sales Tax Liabilities
Sales Tax Settlement Methods
Self Assessment and Direct Pay

60

Assignments

5

Q&A

10


Session Five
Topic Timing
(minutes)
Review Assignment from Previous Session

15

Purchasing Best Practices for Accounts Payable
PO Data Quality
Pricing/Unit of Measure
FOB/Freight Terms
Remit-to-Addresses
      Supplementary and Miscellaneous Charges

60

Assignments

5

Q&A

10


Session Six
Topic Timing
(minutes)
Review Assignment from Previous Session

15

APBP Implementation
Five Phases to Successful APBP Implementation
Gaining Project Sponsorship
Assembling a Project Team
Developing the New Process
Preparing for Pilot Launch
Evaluation of Success
      Full Implementation Preparation

60

Q&A

10

E-Learning Implementation Courses

5



Presented By...
Soltec, our presenter, is a leading business process consulting firm specializing in implementing Best Practice Solutions™ to achieve dramatic cost reductions for thier clients.  Soltec's main focus is transforming companies into efficient process-driven organizations.  Soltec's approach to Best Practice Solution implementation and process improvement is to focus on business processes and organizational change management.  With this focus, Soltec has developed and implemented pre-defined Best Practice Solutions™ and process improvements in numerous Fortune 1000 companies since its inception in 1991.


Do you have a question regarding this e-seminar? We have your answer at
aptraining@iappnet.org.


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