Mastering Accounts Payable (PA)

Day 1: Foundations of Accounts Payable

• The role of Accounts Payable in the organisation
• AP processes: Invoice processing, matching, and payment
• Three-way matching and its importance
• Best practices for AP operations
• Ethical considerations in AP

Day 2: Fraud Prevention and Risk Management

• Common types of AP fraud
• Fraud detection and prevention techniques
• Internal controls and segregation of duties
• Vendor fraud and supplier risk management
• Data security and privacy considerations

Day 3: Leadership and Team Management

• Leadership styles and their impact on AP teams
• Effective communication and team building
• Motivating and engaging AP staff
• Performance management and goal setting
• Developing a positive work culture

Day 4: Process Improvement and Efficiency

• Identifying opportunities for process improvement
• Lean and Six Sigma methodologies for AP
• Automation of AP processes
• Implementing technology solutions for AP
• Benchmarking and best practices

Day 5: Key Performance Indicators and Reporting

• Developing relevant KPIs for AP
• Analysing AP performance data
• Creating effective AP dashboards and reports
• Using data to drive process improvements

Day 6: Advanced AP Topics

• Vendor relationship management
• Dispute resolution and collections
• Tax compliance for AP
• Global AP challenges and best practices

Day 7: Technology in AP

• AP automation tools and software
• Integration with ERP systems
• Cloud-based AP solutions
• Emerging technologies in AP

Day 8: Case Studies and Simulations

• Real-world examples of AP challenges and solutions
• Case studies on fraud prevention and detection
• Simulations of AP processes and decision-making

Day 9: Continuous Improvement and Best Practices

• Benchmarking and industry best practices
• Change management in AP
• Future trends in AP

Day 10: Review and Next Steps

• Course summary and key takeaways
• Developing a personal development plan
• Networking and building relationships