Accounts Payable Best Practices for Long-Term Resilience

Accounts payable, a critical component of financial management, can be a source of significant inefficiency and financial loss when not properly managed. This course addresses the challenges organizations face, such as duplicate payments, fraud, regulatory non-compliance, and strained supplier relationships. The rapid evolution in fraud tactics, technological advancements, and regulatory changes have further complicated the accounts payable process. This course offers a comprehensive solution to these challenges by outlining updated best practices, particularly in the context of remote working environments highlighted by the COVID crisis. Participants will learn to identify and eliminate ineffective practices, streamline their accounts payable process, and implement fraud-resistant systems. By transforming your accounts payable process, you can protect your organization’s financial health and maintain robust vendor relationships, crucial for long-term success.