Special Online Seminar
How to Reduce the Cash Leakage from Your Procure-to-Pay Function: A Best Practice Approach Seminar
It doesn’t take a rocket scientist to figure out that payment errors drain cash from an organization’s bottom line. But unfortunately, some managers fail to recognize the problem within their own organizations, ultimately leaving hundreds of thousands of dollars (or more) on the table. This is income that comes right off the bottom line.
Poor practices and weak controls compound the problem. The end result is lost income, often never recovered, for the organizations that don’t take the appropriate steps. The fix isn’t difficult. It’s simply a matter of knowing what to do, making the necessary changes, and then sticking to the program. With intense pressure on profit margins, accounts payable can no longer be ignored. Good accounts payable practices just make good financial sense.
This program was designed by two seasoned professionals, experienced in the nuances of the payment world, to bring you the succinct information you need in just one day. When the session is over you will know what you need to do to recover the funds already misspent as well as what to do to ensure it doesn’t happen in the future.
When and Where: TBA
Time online: TBA
Cost: TBA
To register, click here.
This program is eligible for TBA CPE credits.
The Program
Introduction: How Cash Leaks in AP
Overview of Program
The Three Big Myths
Audit Recoveries: The Basics
Review Your Trial Balance
Best Practices: Coding Standards
Best Practices: Master Vendor File
Low-tech
High-tech
Best Practices: Duplicate Payment Recovery Your
Low-tech
High-tech
Case Studies: How Three Companies Saved Millions
Getting Started with An Audit Recovery Firm
Asking the Right Questions
How to Structure the Engagement
What You Can Expect
Overcoming Obstacles
A Look at Your Payment Terms and Rebates
Early Payment
Paying electronically (and getting a pricing rebate)
P-card rebates
Extending Terms – a good idea or not!
Audit Recoveries: The Specialists (More than you would ever imagine)
How to Determine which Will Yield the Most for Your Organization
Fraud Prevention
The Statistics: It’s A Lot More Common than You’d Imagine
What You Can Do
How Technology Can Help
How You Can Use Technology to Identify Recoveries in A Variety of Areas
Closing Thoughts
The Faculty
Rich Lanza CPA/CITP, CFE, PMP) is President of Cash Recovery Partners, LLC, an organization that helps companies identify their hidden financial assets. He has a decade and a half of experience in audit technology and recovery auditing, becoming a leading authority in these areas. He is the author of 12 publications and training courses in audit software and has written numerous articles for major audit and accounting publications. He has worked for companies ranging in size from $30 million to $12 billion, helped all of them save money through the use of technology and recovery auditing. Rich is the founder of AuditSoftware.Net and is currently working on a book on recovery audits to be published in early 2009 by John Wiley & Sons.
Mary S. Schaeffer is the president of CRYSTALLUS, Inc. a publishing, training, and consulting firm focused on all functions related to accounts payable. It publishes Accounts Payable Now & Tomorrow, a fee-based monthly newsletter for professionals interested in payment issues, and e-AP News a free weekly e-zine for the payor community. The firm provides consulting services to the middle market helping organizations implement best practices while maintaining strong internal controls and improving productivity. She is the author of over a dozen business books, most published by John Wiley & Sons including The CFO & Controllers’ Guide to Accounts Payable and New Payment World: A Manager’s Guide to Creating an Efficient Payment Practice.
To register for any of the seminars, click here.
For an invoice, group pricing, or more information, call 302-836-0540 or e-mail publisher@ap-now.com.
 |
This program is eligible for CPE credit. Cash Recovery Partners, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a 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 addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org
Work experience in accounts payable, accounting or related field, or an introductory course in accounting is a prerequisite for this intermediate level program. No advance preparation is needed. For more information regarding administrative policies such as refund, complaint and/or cancellation, please contact us at 302.836-0540. |
|
