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: March 7, 2024
19 Reviews (64 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
Great summaries provided for benefits/disadvantages and similaries/differences. The quadrant slide was very helpful as well in helping me understand her points.

4
Member's Profile
Very good information and background on use of pcard and e payables. Provides great info on how to position acceptance for both the buyers and suppliers.

5
Anonymous Author
Well organized course which covered the topics of P-Cards and Electronic Payables in detail. Good summary of the benefits of using both.

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.

4
Anonymous Author
Good information! Desire to know the background in P-Card management and what impact will it bring to our company goals.

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
I thought Lynn did a great job narrating the course. A good flow of the information

5
Anonymous Author
Presentation was well organized and covered the various options well

5
Anonymous Author
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 .
Instructor for this course
Course Syllabus
INTRODUCTION AND OVERVIEW
  Payments Overview5:00
Purchasing Cards
  Purchasing Cards8:41
  Purchasing Cards Cont.13:33
Electronic Payables
  Electronic Payables (ePayables)10:12
  ePayables Benefits & Impact on Suppliers8:33
CONCLUSION
  Comparisons and Segmentation 12:45
SUPPORTING MATERIALS
  Slides: Diversifying a Payment Strategy PDF
  Diversifying a Payment Strategy Glossary/IndexPDF
  Study Guide: Commercial Cards 101PDF
REVIEW & TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam