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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.

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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

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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
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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