Waymark Solutions

Services To:

• 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
  • Course Flyers for In-house courses
  • 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

• Workshop Topics
• Upcoming Workshops

How SMEs can improve their accounts payable and accounts receivable operations

Home > Workshops > Topics > How SMEs can improve their accounts payable and accounts receivable operations

This workshop is based on better practices emerging from an in-depth ten year study of accounting functions and interaction with over 3,000 accounting staff who have attended David’s workshops. Finance managers and their accounts payable/receivable staff will benefit from this session, which provides an opportunity to workshop ideas with your peers. All accounts payable and accounts receivable staff should attend, together with the accountant who would be best positioned to support them with better practice changes. Participants can be assured a lively and thought provoking workshop. David’s courses frequently sell out so book early to avoid disappointment.

This session will cover:

• ways to improve the day to day A/P and A/R administration (handling purchase orders, purchase invoices, etc.)
• A/P and A/R staff issues (recruitment, training, how to do re-engineering)
• streamlining payments (including how to use purchase cards successfully, recipient created invoices)
• streamlining cash handling
• improving the relationship between A/P and budget holders / suppliers
• improving the relationship between A/R and customers
• the latest in A/P and A/R systems
• how to cut-off A/P and A/R 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 and accounts receivable teams in organisations with less than 500 FTEs
• financial accountants and accounting technicians who work with their accounts payable /receivable teams
• The accounts payable/receivable teams in larger organisations are also welcome

Benefits of attending:

Upon attending you will able to:

• identify the accounts payable/receivable better practices they wish to adopt to score goals for the AP and AR teams
• employ the chosen AP and AR better practices
• recall the participant better practices which have arisen during the workshop
• recall the ways the AP and AR team can help accounting team with prompt month-end reporting