This course deals with Accounts Payable and offers definitions, descriptions and tactics to allow you to build the tools to manage this area effectively.
Accounts Payable has become a key element in Working Capital management. Organisations now view AP as the primary touchpoint between the supply chain and the Finance function, and this has increased the demands on this team from simple processing, to key vendor interface roles.
Together with this expanded responsibility, is a revolution in technology surrounding processing and data management.
How do you to adapt to the new demands and the opportunities presented by technology?
This course will provide you with the tools to understand your own processes and determine ways to become an active participant in the advancement of Accounts Payable within your business.
By the end of this course, you will be able to:
- Understand where Accounts Payable fits as a component of Working Capital
- Recognise the importance of a robust process
- Be aware of good practices and how to implement them
- Measure the performance of Accounts Payable management
- Be aware of typical problem areas
- Understand the dynamic nature of developments in this area
- Accounts Payable - Where to find them!
- Is our system reliable?
- How do we get to be the best?
- How do we know how we’re doing?
- Keeping an eye out!
- Where to from here?
Authored by: Andy Gifford
Andy Gifford was born in England but spent his formative years in South Africa after his family emigrated in 1970. He initially entered the accounting profession, but quickly moved to commerce to put theory into practice. After spending time in technical accounting roles, he joined the Howden Group where he rose to become managing director of one of the main divisions.
Soon after relocating back to England in 1997, he joined Global Crossing which was ultimately acquired by Level 3. During his time with the company Andy held treasury operations as his primary mandate, but has also undertaken special projects including procurement, shared services and real estate.
Andy is now working in the SME sector assisting start-ups and providing management advice.
He is also a regular speaker on working capital, presenting at corporate events and professional education seminars.
CPD Points: 1
CPD Duration (hours): 1
Access: 12 months from purchase date