Accounts Payables Internal Controls Best Practices - Webinar (Recorded)

Overview

• The overall philosophy is an ounce of prevention is worth a pound of cure
• Accounts Payables is the core company process that touches all others
• Conversion of Accounts Payables steps & functions to processes will reduce engagement time and thus improve profits
• Paperless environments exist in all quarters and must understand and employed in processes like accounts payables
• Organizational and functional awareness provide key best practices in a paperless environment

Why you should Attend

• Change from paper to paperless and fear of loss of process control
• Inherent resistance to change
• Ability to verify & reconcile data in a paperless environment due to lack of paper trail
• The learning curve of new paperless processes
• Support at all levels with the new paperless process
• Understand the advantages of a paperless account’s payables environment
• How to convert from paper-driven steps & functions to fully automated paperless processes
• Reduce time of engagement in processes to improve profits & productivity

Areas Covered in the Session

• Why target Accounts Payables. It is the core of all other administrative processes
• The institutional framework of Accounts Payables
• Comparison of manual steps/functions to electronic paperless processes
• Internal Control foundation and core principles
• Best accounts payables processing practices in a paperless environment
• Best Practices for interactions and interfaces with other relevant activities
• The use of technology as an enabler to accounts payables best practices
• Some organizational and functional awareness best practices
• Summary view of paperless accounts payables environment vs. manual environment