Waymark Solutions

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• Senior Management
  • Team Balanced Scorecard
  • Case Study: Critical success factors and performance indicators
• Finance Team
  • Convert your Finance monthly reporting into a decision based tool
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  • One day workshop on KPIs
  • Review of the Budgeting and Forecasting Process
  • Team Balanced Scorecard
  • Case Study: Critical success factors and performance indicators
• Corporate Service Teams
  • Case Study: Critical success factors and performance indicators
  • Team Balanced Scorecard

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• Upcoming Workshops

Accounts Payable Better Practices - for the 21st century*

Home > Workshops > Topics > Accounts Payable Better Practices - for the 21st century

This workshop is based on better practices emerging from an in-depth ten year study of accounting functions and interaction with over 1,000 accounts payable officers. Accountants and accounts payable staff will benefit from this session, which provides an opportunity for accounts payable teams to workshop ideas with each other. David points out how the accounts payable team is the centre of the finance team and timely and accurate information cannot be delivered without the AP team working with 21st century better practices and technologies. All accounts payable staff should attend, together with an accountant who would be best positioned to support them with better practice changes. Participants can be assured a lively and thought provoking workshop. In this session over 50 better practices and technologies will be discussed and participants will be encouraged, in the workshops, to share there better practices. This course has frequently sold out so book early to avoid disappointment.

This session will cover:

• implementing 21st century accounts payable technology and techniques
• reducing up to 60% of your volume from the AP ledger
• the benefits of the purchase card and recipient-created invoices
• moving towards a paperless AP function (electronic purchase orders, scanning etc.)
• streamlining payments – how to throw away the cheque book, web based remittances etc.
• working more efficiently and effectively with suppliers and budget-holders
• how to get your budget holders to comply to AP procedures
• ways to improve the day to day A/P administration (handling purchase orders, purchase invoices, etc.)
• A/P staff issues (recruitment, training, increasing team morale)
• how to cut-off A/P promptly so month end reports can be prepared by day 3 or less
• the better practices that your fellow participants have achieved

Target audience:

• the accounts payable team
• financial accountants who work with their accounts payable team

Learning outcomes:

Upon attending you will able to:

• identify the accounts payable better practices they wish to adopt to score goals for the AP team
• employ the chosen AP better practices
• recall the participant better practices which have arisen during the workshop
• recall the ways the accounts payable team can help accounting team with prompt month-end reporting
• review, at your leisure, all workshop content in the comprehensive accompanying paper written by David Parmenter

This course was previously known as “50+ ways to improve your accounts payable operations”