1 CPE This course is a premium course it can be accessed either by individual purchase or through a premium subscription
What is Accounts Payable (AP) Workflow Automation? Even if your company uses such a system, do you understand how it works?
Automation of Accounts Payable can match invoices to Purchase Orders and Goods Receipts, route invoices to the appropriate parties for review and approval and can even apply company specific business rules. Learn the basics on how all this is done.
This course also includes an introduction to other automation options such as Electronic Receipt Settlement, Travel and Expense reporting, the management of Credit Card charges, Automatic Clearing House payments, and outsourcing the printing of checks.
Discover how data can be “moved” from a company’s system of record into any automation tool or software when needed. Understanding the flow of data can be instrumental in identifying the root causes of some issues. It can also benefit an AP Specialist interested in working on automation related projects.
Hear how automation software systems are implemented. Such projects do take time and resources. It has been my experience that Accounts Payable staff with even basic knowledge of automation can be a significant benefit to the team.
Learning Objectives
- Explore what Accounts Payable (AP) Automation is.
- Discover how Accounts Payable Workflow Software can increase efficiency and improve compliance of company specific business rules.
- Identify how automation can be applied to other Accounts Payable functions.
- Recognize the type of data that may need to be sent from a Company’s system into the automation system.
- Discover what is involved in implementing an automation tool.
Included In Certifications
This course is included in the following Certification Programs:
13 CoursesAccounts Payable Certification
- Accounts Payable - Learn the Terminology
- Procure to Pay Work Stream
- A Deep Dive into the Responsibilities of Accounts Payable Operations
- Understanding Non-Purchase Order (PO) Invoice Transactions
- Understanding Purchase Order (PO) Invoice Transactions
- The Vendor Master – Creating A Solid Foundation for Accounts Payable Processing
- No PO, No Pay – Can It Work for Your Organization?
- Payment Process: Selection, Review, Approval, Release
- The Benefits of Reconciling Purchase Order Goods Receipts Not Yet Invoiced
- Strengthening Vendor Relationships - Steps That Can Be Taken by Accounts Payable
- The Basics of 1099's
- Creating an Accounts Payable Documentation Management Policy
- The Basics of Automation for Accounts Payable (AP) Specialists
10 Reviews (40 ratings)
Reviews
Prerequisites
Please review the Glossary of Terms available in the Supporting Materials section of the Course Overview.
It would be helpful to take the following courses before taking this course: "Procure to Pay Work Stream", "A Deep Drive into the Responsibilities of Accounts Payable Operations" and "The Payment Process".Education Provider Information
Course Questions and Answers1 Question
About Illumeo
Platform
Resources
Contact Us
- Email: info@illumeo.com
- Phone: 408-400-3993
- Adress: 1608 W Campbell
- Av #221, Campbell, CA 95008
© 2024 Illumeo, Inc.
Hello Anne,
Can you tell me what are best practices for handling a vendor whose bank is deducting a fee from our payment to them causing us to short pay our invoices? We have confirmed that our bank is not the one deducting fees and they only deduct when an amount reaches a certain threshold.