Instructor for this course
more

What does “Centralizing” mean?  Is it different from “Outsourcing”?

Discover how Centralizing Accounts Payable tasks can increase efficiency and improve compliance of company specific business rules.

Explore what due diligence should be performed to identify how tasks are completed and what decisions are made at each Accounts Payable processing location today.

Identify the groups of employees outside of Accounts Payable that will need to be involved in or aware of the decisions made.

Change management is key in rolling out any new project.  Discover the steps needed to communicate such a change to vendors and to any employees who are involved in the Procure to Pay Work Stream, receive invoices directly from vendors today or have invoice approval responsibilities. 

Course Series

This course is included in the following series:

12 CoursesAccounts Payable

  1. Procure to Pay Work Stream
  2. A Deep Dive into the Responsibilities of Accounts Payable Operations
  3. No PO, No Pay – Can It Work for Your Organization?
  4. What to Consider in an Accounts Payable Workflow Solution
  5. Thinking About Centralizing Accounts Payable? – Due Diligence is Critical
  6. Selecting an Accounts Payable Automation Provider
  7. Creating an Accounts Payable Documentation Management Policy
  8. Benefits of An Accounts Payable Recovery Audit
  9. Strengthening Vendor Relationships - Steps That Can Be Taken by Accounts Payable
  10. The Benefits of Reconciling Purchase Order Goods Receipts Not Yet Invoiced
  11. Payment Process: Selection, Review, Approval, Release
  12. The Vendor Master – Creating A Solid Foundation for Accounts Payable Processing

Learning Objectives

  • Identify what Centralization is
  • Discover the benefits of Centralizing Accounts Payable
  • Explore what due diligence should be performed prior to any final decisions
  • Learn who needs to be involved in the decision making process or be aware of the decisions made
  • Discover the steps that need to be included in the Project Management plans

3 Reviews (11 ratings)Reviews

5
Member's Profile
She is great, experience matters. I learned many new things.
4
Anonymous Author
Good information and considerations provided.
5
Anonymous Author
ok

Prerequisites

Course Complexity: Intermediate

No Advanced Preparation or Prerequisites are needed for this course. However, it is recommended to take the other courses in the series prior to completing this one.

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 .
Course Syllabus
INTRODUCTION and OVERVIEW
  2:25Introduction
Centralizing AP
  4:00What is Centralization?
  6:50Topics That Should Be Considered
  2:44Some Benefits
Due Diligence
  7:02Performing Due Diligence
  8:06Analysis, More Benefits and Some Risks
  12:42Planning, Transition, and Change Management
CONCLUSION
  2:36Course Conclusion
Continuous Play
  46:25Thinking About Centralizing Accounts Payable? – Due Diligence is Critical
SUPPORTING MATERIALS
  PDFSlides: Thinking About Centralizing Accounts Payable? – Due Diligence is Critical
  PDFThinking About Centralizing Accounts Payable? – Due Diligence is Critical Glossary/Index
REVIEW and TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM