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Are you thinking about implementing an Accounts Payable Automation system?  Do you know where to start or what to consider?

In this course, we discover some of the Accounts Payable functions that can be automated.

Additional, it is recommended the company determine the options the company wants from a workflow tool and potential providers. We discover how to research and explore options before speaking to potential providers.

In order to determine what to search for, we explore some of the work the interested company should perform prior to performing research or approaching system or program providers and we identify some of the options the company may want the selected provider to offer.

Just like preparing to interview a potential employee, the company should Identify some of the questions that should be asked of potential system or program providers and any project managers or consultants the company may consider bringing in for the duration of the project.

Do you know how to identify gaps between the company’s requirements and what the potential provider can supply?  This course includes steps to be used in a decision making model.

Whether considering an Accounts Payable Workflow tool, a Purchasing Card Program or implementing ACH payments, this course supplies you with thoughts to consider in selecting a solution or provider

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

4 CoursesAccounts Payable Automation

  1. What to Consider in an Accounts Payable Workflow Solution
  2. Selecting an Accounts Payable Automation Provider
  3. No PO, No Pay – Can It Work for Your Organization?
  4. Creating an Accounts Payable Documentation Management Policy

Learning Objectives

  • Identify what Accounts Payable (AP) Automation is.
  • Explore what steps a company should perform prior to discussions with potential providers.
  • Discover some of the options the company may want the selected provider to offer.
  • Identify questions that should be asked of any potential providers.
  • Identify gaps between requirements and what a potential provider can supply.

1 Review (10 ratings)Reviews

4
Anonymous Author
Helpful coverage of the selection process.

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
  2:58Introduction to Selecting an Accounts Payable Automation Provider
Selecting a Provider
  2:41What is AP Automation?
  6:12The Process
  8:17Creating the Request for Proposal
  5:23Ranking the Responses
CONCLUSION
  3:31Conclusion
Continuous Play
  29:02Selecting an Accounts Payable Automation Provider
SUPPORTING MATERIALS
  PDFSlides: Selecting an Accounts Payable Automation Provider
  PDFSelecting an Accounts Payable Automation Provider Glossary/Index
REVIEW and TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM