Educational Webinar
The Procure to Pay Work Stream and the Role of Accounts Payable
Webinar Highlights
In this webinar, we will review the basics of Procurement; from sourcing to purchasing. Responsibilities might include the selection of Suppliers, collecting data to set up a Vendor Records in the ERP or other business system, and the creation of Purchase Orders. The processes performed by those at the beginning of the Procure to Pay Work Stream do have an impact to Accounts Payable. And believe it or not, the effectiveness of Accounts Payable can have a positive, or negative, impact on the procurement functions.
Once goods or services are received by the Company, are they recorded into a system? The work performed by those who take procession of the goods or sign off on the services performed can be just as critical as posting Vendor invoices for payment. The benefits of auditing Receipts Not Invoiced will also be addressed.
Which team is responsible for the return of product to a Supplier? Are returns tracked to ensure recovery of funds or receipt of replacement product? Several teams within the Procure to Pay Work Stream may play a part in this function as well. We will explore some options on how returns can be managed to reduce the risk of loss.
Accounts Payable is at the end of the Procure to Pay Work Stream and has the responsibilities of posting costs promptly and correctly, making payments timely, and maintaining Vendor Relationships. To meet these goals, they rely on the efficient delivery of accurate input from several other groups, all while complying to Compliance Policies.
Whether you work in Accounts Payable, another operation within the Procure to Pay Work Stream or you rely on the effectiveness of these teams to meet your goals, you can learn more by registering for this webinar.
Learning Session
- Free CPE
- Non-sponsored Events mean you never listen to a 3rd party sales pitch – it’s all just great education
- Expert-instructor-led learning with live Q&A
- Based on a great course on Illumeo
Speakers
Anne Wheeler, Owner of CS Process Flows - Consulting and Project Management
Anne has 30+ years experience working in Accounts Payable in a variety of businesses. Her career started when she was hired as a processor. After 10 years of holding various roles in Accounts Payable, she became a manager of 25 direct reports; all with different levels of education and experience. She has also managed small teams so she understands the challenges there as well. Over the years, Anne has learned what to look for and how to implement changes. Currently, Anne is a consultant and her main passion is being able to share the tips and tricks she learned the hard way.
Jennifer Robbins, Webinar Manager, Illumeo
Jennifer is a marketing specialist and the webinar manager for Illumeo. She has been a part of more than 300 webinar presentations, supporting our expert presenters and Illumeo users alike. When she’s not moderating webinars, she’s creating and managing marketing content.
Objectives
After attending this event you will be able to:- Discover the components of the Procure to Pay Work Stream.
- Explore how tasks performed by Procurement/Purchasing impact Accounts Payable.
- Identify how a strong Vendor Master can be beneficial to the whole Procure to Pay Work Stream.
- Recognize the various tasks Accounts Payable is responsible for and how the quality of the input received from up stream plays in important role.
Continuing Education Information
