course

The Basics of Project Management for Accounts Payable

(19)
4.26316
40 Enrolled
1 Hour (On-Demand)
1 CPE  

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Purchase this course | $36

Let's say that senior management has agreed on new goals.  They include the implementation of an Accounts Payable (AP) system, program or other project.  And it has been decided that the Accounts Payable team is to play a significant role on the Project Team.

Is a member of the Accounts Payable team to be the Project Manager?  If not, what should the Accounts Payable team be responsible for?  Better yet, what should they take responsibility of? 

Don’t let others outside of AP make assumptions or take full ownership. After all, who will be accountable for the system or project after implementation?

In this course, learn the importance of having Accounts Payable play a leading role on any project team implementing a project or system that impacts Accounts Payable, including mergers and acquisitions.  Better to know what the AP team is getting into than trying to fix issues after implementation or after the project team has disbanded.

Learning Objectives
  • Identify Projects that may impact Accounts Payable (AP).
  • Explore the steps Accounts Payable should include in a Project Plan.
  • Discover the benefits of open communications with others within the company.
  • Recognize what actions to take if the established Project Team does not have an Accounts Payable representative.
Last updated/reviewed: August 10, 2023
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Included In Certifications

This course is included in the following Certification Programs:

16 CoursesAccounts Payable Management Certification

  1. Accounts Payable - Learn the Terminology
  2. A Deep Dive into the Responsibilities of Accounts Payable Operations
  3. The Vendor Master – Creating A Solid Foundation for Accounts Payable Processing
  4. The Basics of 1099's
  5. Prioritizing Accounts Payable Workload - Divide and Conquer
  6. Strengthening Vendor Relationships - Steps That Can Be Taken by Accounts Payable
  7. The Benefits of Reconciling Purchase Order Goods Receipts Not Yet Invoiced
  8. Reconciling Aged Open Payables and Outstanding Checks
  9. Benefits of An Accounts Payable Recovery Audit
  10. No PO, No Pay – Can It Work for Your Organization?
  11. What to Consider in an Accounts Payable Workflow Solution
  12. Creating an Accounts Payable Documentation Management Policy
  13. Communicating the Role of Accounts Payable to Others
  14. Justifying and Presenting the Needs of Accounts Payable Operations
  15. The Basics of Project Management for Accounts Payable
  16. KPIs and Metrics for Accounts Payable Manual Processes
4 Reviews (19 ratings)

Reviews

5
Anonymous Author
It's a good thing to know how to approach to changes, and how to develop them, it's always a good thing know how to be part of a project
5
Anonymous Author
Currently leading a project that is changing the day to day workflow of AP, this lesson was perfect timing in my career. Thank you!
5
Member's Profile
Breaking down the different aspects of the project and how to plan and or communicate was very useful.
4
Member's Profile
Projects - getting everyone involved is important. Great information.
Prerequisites
Course Complexity: Foundational
It is recommended to take the following courses prior to taking this one: "KPI’s and Metrics for Accounts Payable Manual Process" and "Justifying and Presenting the Needs of Accounts Payable Operations".
Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
  Course Overview CPE
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to Accounts Payable Project Management6:24
The Basics
  Team, Requirements and Solution5:46
  The Project Plan4:09
  Project Management and Build5:22
  Solution Validation and End-to-End testing5:40
  Training to Stabilization6:23
Examples
  Examples of Projects and Scope Creep4:02
  A "Simple" Example1:58
CONCLUSION
  Conclusion to the Basics of AP Project Management3:13
CONTINUOUS PLAY
  The Basics of Project Management Accounts Payable Full Video42:59
SUPPORTING MATERIALS
  Slides: The Basics of Project Management for Accounts PayablePDF
  The Basics of Project Management for Accounts Payable Glossary/IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam