Accounts Payable: A Dynamic Framework for Strategic CFOs & Controllers

In the high-stakes realm of accounts payable, the margin for error is incredibly slim. Even minor mistakes can significantly impact the bottom line, open doors to fraudulent transactions, and lead to inaccuracies in financial statements. Moreover, the surge in sophisticated frauds targeting accounts payable departments has heightened the risks, with many organizations suffering substantial financial losses. This precarious environment demands that professionals running accounts payable functions be equipped with the most advanced business intelligence and strategies to maintain an effective, regulatory-compliant operation.

This intensive webcast CPE course is designed to arm participants with the essential skills and knowledge to navigate the complex challenges in accounts payable. It covers understanding the repercussions of neglecting accounts payable functions, pinpointing issues created by poor practices, and implementing robust internal controls. The course goes further to establish a framework for best practice in accounts payable processes, identify and eliminate worst practices, and stay ahead of emerging frauds, particularly those intensified during the COVID era. Additionally, it offers innovative strategies to uncover hidden financial resources within accounts payable processes without compromising supplier relationships, turning potential vulnerabilities into financial advantages for your organization.