Learn how to reduce cost and gain techniques to add value to your organization through advancing and optimizing invoice processing functions.
Accounts Payable (AP) departments can often be ignored, with the only expectation being they continue to process paper invoices as they have for years. New Enterprise Resource Systems (ERP) often bring technology advances, but there's so much more that leaders can do to turn a department known for their mundane, repetitive functions into providing strategic support to any organization. This course can help AP staff better understand their importance in the organization and provide them with invoice processing best practices. AP leaders will receive insight into the latest advances in technologies and operating procedures to advance the performance and importance of AP in their organizations. You will also learn how to reduce cost and gain techniques to add value to your organization through advancing and optimizing invoice processing functions.
Learning Objectives
- You will be able to identify important aspects of invoice processing.
- You will be able to recognize strategies for invoice processing best practices.
- You will be able to recognize more intricate aspects of invoice processing.
- You will be able to identify strategies to strategically partner with Accounts Payable.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Invoice Processing Overview
- Invoice Types
- Invoice Matching
- Invoice Approvals
Invoice Processing Best Practices
- Electronic Data Interchange (EDI)
- Scanning (OCR)
- AP Automation
- Move From Mundane and Repetitive to Strategic
- Performance Metrics
Additional Invoicing Considerations
- Freight, Shipping, Handling
- Sales Tax
- AP Audits
- Credit Processing
Make AP a Strategic Partner
- Build on the Relationship With Purchasing
- Create Savings Goals
- Become an Organizational Subject Matter Expert
- Manage Supplier Discount Terms
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Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last reviewed on December 7, 2023.
Call 1-866-352-9540 for further credit information.
CPE/NASBA - QAS Self Study 1.8 including Finance 1.8
- Noggin Guru, Inc. dba Lorman Education Services and BankersHub is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Finance for 1.8 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Andy Lamb, C.P.M.
Andy Lamb Associates LLC
- Owner of Andy Lamb Associates LLC
- Continues his full-time career concentrating on advancing supply chain, procurement, and invoice processing functions
- Over 30 years’ experience working in private, public, and nonprofit organizations
- Advisor to the UC San Diego Extension - Supply Management Certification Program
- Member of the Institute for Supply Management (ISM) and the Association for Healthcare Resource & Materials Management (AHRMM)
- Achieved Certified Purchasing Manager (C.P.M.) lifetime certification status in 2012
- Can be contacted at [email protected] or 802-345-5861
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More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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