Benchmarking Your Accounts Payable Function

Duration: 75 Minutes
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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.
Accounts Payable Benchmarks
Instructor: Mary Schaeffer
Product ID: 502791
Objectives of the Presentation
After this session you will be able to:
  • Start an effective benchmarking program for your AP function
  • Meet the challenges involved with benchmarking
  • Identify those items that realistically can and should be measured
  • Pinpoint the pitfalls you need to avoid when benchmarking in order to have an effective process
Why Should you Attend
Any organization that wants to improve has got to be able to measure its performance. This session will help you do just that for your accounts payable function.

Areas Covered
  • How to start a Benchmarking AP process
  • Pitfalls to avoid when benchmarking
  • What data you should look at
  • Invoice data
  • Payments data
Who will Benefit
  • Accounts payable titles
  • Purchasing titles
  • Controller
  • Accounting Managers
$300
Recorded Session for one participant
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  $450.00 Training CD
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How it works
Live Session - How it works
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  • Presentation handouts in Downloadable PDF format will be updated on your OCP Account 24 hours prior to the live session
  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
  • Please let us know your thoughts and views at the end of the webinar, your valuable feedback will help us improve
Recorded Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
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.
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