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Many organizations are still rooted in cumbersome procure-to-pay (P2P) processes that are a real drain on internal resources. Improving internal efficiencies to achieve process savings is a common goal. Yet, daily job demands often prevent finance professionals from acquiring the knowledge of business-to-business (B2B) payments that would help their organizations increase adoption of electronic payments like Commercial Cards.

Learn how and why to transition your organization away from paper checks, replacing them with two key Commercial Card products: Purchasing Cards (P-Cards) and electronic payables (ePayables), also called electronic accounts payable (EAP). This presentation addresses:

  • how both of these solutions work
  • the benefits to your organization
  • similarities and differences between P-Cards and ePayables
  • ideal targets for each
  • common program management pitfalls to avoid

Obtaining these key fundamentals is the first step toward gaining a seat at your organization’s decision-making table and driving change within accounts payable (AP).

Learning Objectives

  • Identify factors that lead organizations to implement P-Cards
  • Explore how to obtain process savings through P-Card usage
  • Recognize how to Implement key controls to reduce P-Card risk
  • Identify criteria for segmenting spend between P-Cards and electronic payables

 

 

Last updated/reviewed: September 18, 2018

13 Reviews (38 ratings)Reviews

5
Member's Profile
Thorough and clear explanation of p-card and electronic payment alternatives and the key considerations associated therewith. Instructor's communication style and voice were exceptional. Very effective.
4
Member's Profile
I was really hoping the course would go more into best practices for policies and procedures around P-Card usage and E-Payables, but it was interesting and educational.
5
Member's Profile
Good course. I learned more about Ghost cards. Also, did not realize there was a certificate for credit card management (CPCP).
5
Member's Profile
Very informative presentation on the differences between traditional Card Programs and E-Payables. Well organized presentation.
5
Member's Profile
The course explains a very complicated area, in very clear cut simple terms and sequences. I liked the presentation very much.
4
Member's Profile
A good summary of the pros and cons of the P-cards. I can use this information to promote changes in our travel procedures.
5
Member's Profile
Instructor was a very good speaker and easy to understand. She did a good job explaining the differences and benefits.
5
Member's Profile
This was a good overview and provided clarity on the differences between traditional P cards and E payables
5
Anonymous Author
Great overview. Lost of information that I will use in selling ePayables and P cards at my organization.
5
Anonymous Author
Excellent presentation. Would like to see more presentations and examples on this topic.
5
Member's Profile
Very good summary and comparison of the alternatives.
4
Excellent presentation. Clear and concise.
5
Anonymous Author
great course

Prerequisites

Course Complexity: Intermediate

Prerequisite: Exposure to corporate finance

 

Advanced Preparation: None

 

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
  5:00Payments Overview
Purchasing Cards
  8:41Purchasing Cards
  13:33Purchasing Cards Cont.
Electronic Payables
  10:12Electronic Payables (ePayables)
  8:33ePayables Benefits & Impact on Suppliers
CONCLUSION
  12:45Comparisons and Segmentation
SUPPORTING MATERIALS
  PDFSlides: Diversifying a Payment Strategy
  PDFDiversifying a Payment Strategy Glossary/Index
  PDFStudy Guide: Commercial Cards 101
REVIEW & TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM