Instructor for this course
New Course
Duration: 0.5 Hours
Level: Intermediate
How To Access This Course:


$99 Instant Access to Course Library

Expert Certifications

How much thought or effort goes into payment runs within your Accounts Payable operation? This is not a trick question. Has it become routine? Some companies spend too much time on tasks that don’t add value and could adversely affect cash flow while not spending enough time performing checks and balances that could reduce the risks of incorrect payments. This is not to say that things are being done wrong but perhaps things can be done more efficiently and effectively. This course covers steps that can be taken throughout the payment process from selecting invoices for payment to setting up a Positive Pay file process with your bank. As details are supplied, benefits are highlighted. Here are a few:

  • Reduce the risk of amounts being paid to the wrong payee.
  • Confirm high dollar invoices were properly approved for processing before payment is made.
  • Improve cash flow - ensure invoices are not being paid too early.
  • Prevent the risk of fraud: secure the check stock and get rid of rubber stamps

Another way to reduce the risk of fraud is to implement a Positive Pay process, which is an automated fraud detection tool offered by most banks. This tool should be seriously considered by any company still issuing payments by check.

Whether a company implements these options or not is up to management but they should at least be aware of available options that can help catch errors or areas of non-compliance before they snow ball into bigger issues such as payment to the wrong vendor or unauthorized spend. 

Course Collections

This course is included in the following Course Collections:

Learning Objectives

  • Discover steps that could make your Payment Process more efficient and effective
  • Explore benefits related to improving your payment process one might not have considered
  • Discover what Positive Pay is and recognize the benefits
  • Identify the value in using Automatic Clearing House (ACH) to make payments
  • Recognize options for initiating Wire Transfers 


It is suggested participants take the course titled: A Deep Dive into the Responsibilities of Accounts Payable Operations prior to taking this course.

Education Provider Information

Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 ext. 106, or send an e-mail to .
Course Syllabus
  1:18Introduction to The Payment Process
The Payment Process
  3:27Review of a Basic Payment Process
  9:01Reducing Financial Risks
  2:21Scheduling Payments
  8:15Payment Method Options
  7:16Other Processes to Review
  1:52Conclusion of The Payment Process
  33:30Payment Process: Selection, Review, Approval, Release full video
  PDFSlides: Payment Process: Selection, Review, Approval, Release
  PDFPayment Process: Selection, Review, Approval, Release Glossary/Index
  PDFBasic Payment Process
  PDFPayment Selection Process Map
  quizReview Questions
 examFinal Exam