Invoice Handling Problems: How Best Practice Organizations Address Them

Duration: 75 Minutes
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.
Invoice Handling Problems
Instructor: Mary Schaeffer
Product ID: 503562
Objectives of the Presentation
  • Formulate best practices to reduce the impact of common invoice handling problems, including:
    • Slow internal invoice approvals
    • Invoices without a purchase order number or name of requisitioner
    • Invoices sent to the wrong person or place
    • Duplicate submission or invoices
    • Invoices missing information
    • Early payment discounts lost
    • Second invoices with a different invoice number
    • Checks sent back to the person requesting payment
    • Rush checks
  • Improve the invoice approval response time
  • Reduce the number of repeat invoice submissions
  • Earn more early payment discounts
  • Minimize the number of requests for rush payments and checks returned to requisitioners
Why Should you Attend
In AP Now's recent Invoice survey, respondents identified their most pressing problems regarding the invoice handling process. What is readily apparent is that, despite the promise that automation would eliminate a lot of the headaches experienced with invoice processing that has just not happened. If these issues are not addressed, the accounts payable function runs less efficiently than it could. But more importantly, duplicate and erroneous payments are more likely to slip in, fraud is facilitated and sometimes regulatory compliance is compromised. That's why we created this session.

Who will Benefit
  • Finance professionals
  • Accounting professionals
  • Accounts payable professionals
  • Small business owners
$300
Recorded Session for one participant
Get life time access with download option!
Book this course
Pay Now
  $450.00 Training CD
Free shipment within 4 Working Days of placing the order. Get life time access for unlimited participants.
  $550.00 Training USB Flash Drive
Free shipment within 4 Working Days of placing the order. Get life time access for unlimited participants.
For multiple location please contact our customer care team +1-510-857-5896.
How it works
Live Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • The webinar joining link, username and password for joining the webinar will be updated on your OCP Account 24 hours prior to the webinar
  • 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.
View More