Mary Schaeffer
Publisher & Editorial Director - AP Now
Mary S. Schaeffer is the author of 18 business books, a monthly newsletter, and a free bi-weekly e-zine, as well as several CPE courses for CPAs. She runs AP Now, a boutique publishing and consulting firm focused on accounts payable issues. She also serves as the Education Director for the Institute of Financial Operations. Before turning to writing and consulting she worked in the corporate world as an Assistant Treasurer for the Equitable Life Assurance Society, a Financial Risk Manager for O&Y and a Corporate Cash Manager for Continental Grain. A frequent and popular speaker at both live and online events, she has an MBA in Finance and a BS in Mathematics.
Upcoming Webinar
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Recorded Webinar
Master Vendor File Best Practices to Strengthen Controls and Prevent Fraud
What Every Accountant Needs to Know About Master Vendor Files? Long neglected, the master vendor file is now the star of the show in corporate accounts payable practices. The emergence of new fraud controls, an increased attention to the importance of internal controls, new types of vendor portals, and heightened regulatory compliance requirements have all put master vendor file practices in the spotlight.
Recorded Session Get life time access for one participant with download option!

How to Prepare for a Robot-Automated and AI-Enhanced Future in Accounting
A recent MIT-Boston Consulting study of over 3,000 companies found that 80% of them believed AI (artificial intelligence) would give them a competitive advantage. What's more, we are already seeing the use of AI and RPA (robotic process automation) creeping into the business world, and more specifically into various accounting functions. This is one change that will radically impact many white-collar jobs. And that change will happen in the next few years, not ten or twenty years from now.
Recorded Session Get life time access for one participant with download option!

Benchmarking Your Accounts Payable Function
Any accounts payable department that wishes to improve must be able to measure its performance against its peers. This is a lot more difficult than it might appear at first glance. In this session, we'll examine the reasons for benchmarking in accounts payable, how to get started in the process and how to use the results to drive efficiency in your accounts payable process. Some common metrics will be discussed and evaluated. We’ll also examine some of the common mistakes companies make when benchmarking their accounts payable process.
Recorded Session Get life time access for one participant with download option!

12 Regulatory Issues Every Accounts Payable Department Must Monitor
Noncompliance with accounts payable regulations means your organization could run into trouble with the IRS, various state regulatory bodies, the Department of Justice, Treasury and more. Negative publicity, fines, penalties, and in a few cases jail time are some of the fallouts that could result from ignoring these issues. When it comes to these matters, the governing bodies have no senses of humor and ignorance is no excuse.
Recorded Session Get life time access for one participant with download option!

Invoice Handling Problems: How Best Practice Organizations Address Them
Automation was supposed to eliminate many of the headaches associated with invoice processing. Unfortunately, automation continues to allow duplicate and erroneous payments to slip through the cracks, leading to decreased efficiency in accounts payable and an increase in the potential for fraud and regulatory noncompliance. This webinar will provide you with practical, advice on how to create an efficient and compliance invoice handling process.
Recorded Session Get life time access for one participant with download option!

Master Vendor File Best Practices to Strengthen Controls and Prevent Fraud
What Every Accountant Needs to Know About Master Vendor Files? Long neglected, the master vendor file is now the star of the show in corporate accounts payable practices. The emergence of new fraud controls, an increased attention to the importance of internal controls, new types of vendor portals, and heightened regulatory compliance requirements have all put master vendor file practices in the spotlight.
Recorded Session Get life time access for one participant with download option!

What Accounts Payable Needs to Know about the FCPA
Many accounts payable and procure-to-pay (P2P) departments fail to do any staff training regarding the Foreign Corrupt Practices Act (FCPA) compliance. They unfortunately believe it has nothing to do with accounts payable. Alas, they are wrong. These groups are the last set of eyes to look at a payment before it goes out the door; the last chance an organization has to stop a payment that could cause it untold nightmares.
Recorded Session Get life time access for one participant with download option!

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