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Accounts Payable Process: Manual vs Digital Payment

This online course will help you understand how accounts payable processes are becoming more digitized and automated as organizations upgrade their financial application or move to cloud solutions or service providers.

About this Course

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description

lessonOverview	45% of businesses still make checks the dominant method of payment for their suppliers, according to MineralTree's 2021 State of AP report. A reduction in paper invoices and payments could be beneficial for many businesses when considering the Additional cost Handling time Potential for error As an AR manager, how are you keeping your accounts payable process efficient and effective and tracking your dues that cannot be overstated? Watch this detailed course on Accounts Payable by industry expert John M Donoavan, and understand how you could have a smooth transition from manual to digital accounts payable methods. What’s worth, this course will help you streamline your accounts payable process, where dependencies exist, will reduce costs and improve efficiency, and cross-functional visibility, in addition to providing more control over the end-to-end process flows, security, and accurate and timely payment distribution.
transcript	Coming Soon
resources	Coming Soon
discuss	Coming Soon

instructor

name	title	image	description
JOHN M.DONOVAN	Advisory Services Consultant, Quote to Payment		John M. Donovan is a senior financial services executive specializing in all aspects of the Order-to-Cash and back-office processes. Managed several very large global A/R portfolios for major Fortune 100 and 500 high-growth companies in various stages of delivery and transition, as well as small companies in a startup and growth mode.

recommendation

image	tag	title	description	link	duration
	Cash Reconciliation KPIs and Reporting	Cash Application KPIs and Reporting	Watch this tutorial to learn how to monitor cash application KPIs to achieve your business's long-term goals.	https://academy.highako.com/cash-application-kpis-and-reporting	20 min
	Cash Reconciliation Exception Handling	Month-End Closure	Learn how to use various strategies for optimizing your cash management with practical solutions on how you could reconcile as many accounts as possible every month seamlessly.	https://academy.highako.com/ar-managers-guide-to-month-end-close-process	30 Min
	Cash Reconciliation Exception Handling	Selecting the Right Cash Forecasting Model for Your Business	Watch this A/R Manager's tutorial and understand how to evaluate your cash reconciliation and cash forecasting strategies to improve visibility and transparency.	https://academy.highako.com/selecting-the-right-cash-forecasting-model-for-your-business-course	30 Min

tribe

widgetType	Id	components
topic	collection-agencies	input

Curriculum40 Mins

What Will You Learn ( ~ 2 Min)
Preview

Learning Objectives
Current Process for Most Organization ( ~ 7 Min)
Typical Flowchart for Most Accounts Payable Organizations
Possible Cross Functional Dependencies
Typical Current State Process AP Cycle in Most Organizations (~5 Mins)
Evaluating Process
What about Dependencies
Changing Environments (~2 Mins)
Best Practices a Supplier Looks for in a Relationship
Three Key Components of a Successful Transition (~3 Mins)
Three Key Components of a Successful Transition
Selecting the Right Partner (~8 Mins)
Choosing the Right Partners
Transition Focus
Solution Checklist (~5 Mins)
Looking at End-To-End AP Solutions
Choosing the Right Methodology
Leverage Knowledge, Experience, and Technology (~3 Mins)
Identify Manual Process Steps and Collect Desktop User Data
Selecting the Right Solutions and Partners
Finding opportunities in AP (~6 Mins)
Where You Will Find Opportunities in Accounts Payable
What We Covered
Final Assessment
Assessment
Certificate & Feedback

About this Course

promoImage

description

lessonOverview	45% of businesses still make checks the dominant method of payment for their suppliers, according to MineralTree's 2021 State of AP report. A reduction in paper invoices and payments could be beneficial for many businesses when considering the Additional cost Handling time Potential for error As an AR manager, how are you keeping your accounts payable process efficient and effective and tracking your dues that cannot be overstated? Watch this detailed course on Accounts Payable by industry expert John M Donoavan, and understand how you could have a smooth transition from manual to digital accounts payable methods. What’s worth, this course will help you streamline your accounts payable process, where dependencies exist, will reduce costs and improve efficiency, and cross-functional visibility, in addition to providing more control over the end-to-end process flows, security, and accurate and timely payment distribution.
transcript	Coming Soon
resources	Coming Soon
discuss	Coming Soon

instructor

name	title	image	description
JOHN M.DONOVAN	Advisory Services Consultant, Quote to Payment		John M. Donovan is a senior financial services executive specializing in all aspects of the Order-to-Cash and back-office processes. Managed several very large global A/R portfolios for major Fortune 100 and 500 high-growth companies in various stages of delivery and transition, as well as small companies in a startup and growth mode.

recommendation

image	tag	title	description	link	duration
	Cash Reconciliation KPIs and Reporting	Cash Application KPIs and Reporting	Watch this tutorial to learn how to monitor cash application KPIs to achieve your business's long-term goals.	https://academy.highako.com/cash-application-kpis-and-reporting	20 min
	Cash Reconciliation Exception Handling	Month-End Closure	Learn how to use various strategies for optimizing your cash management with practical solutions on how you could reconcile as many accounts as possible every month seamlessly.	https://academy.highako.com/ar-managers-guide-to-month-end-close-process	30 Min
	Cash Reconciliation Exception Handling	Selecting the Right Cash Forecasting Model for Your Business	Watch this A/R Manager's tutorial and understand how to evaluate your cash reconciliation and cash forecasting strategies to improve visibility and transparency.	https://academy.highako.com/selecting-the-right-cash-forecasting-model-for-your-business-course	30 Min

tribe

widgetType	Id	components
topic	collection-agencies	input

Curriculum40 Mins

What Will You Learn ( ~ 2 Min)
Preview

Learning Objectives
Current Process for Most Organization ( ~ 7 Min)
Typical Flowchart for Most Accounts Payable Organizations
Possible Cross Functional Dependencies
Typical Current State Process AP Cycle in Most Organizations (~5 Mins)
Evaluating Process
What about Dependencies
Changing Environments (~2 Mins)
Best Practices a Supplier Looks for in a Relationship
Three Key Components of a Successful Transition (~3 Mins)
Three Key Components of a Successful Transition
Selecting the Right Partner (~8 Mins)
Choosing the Right Partners
Transition Focus
Solution Checklist (~5 Mins)
Looking at End-To-End AP Solutions
Choosing the Right Methodology
Leverage Knowledge, Experience, and Technology (~3 Mins)
Identify Manual Process Steps and Collect Desktop User Data
Selecting the Right Solutions and Partners
Finding opportunities in AP (~6 Mins)
Where You Will Find Opportunities in Accounts Payable
What We Covered
Final Assessment
Assessment
Certificate & Feedback