Those running the function must be armed with the latest and most comprehensive business intelligence affecting accounts payable function if they wish it to be as an effective and regulatory compliant operation as possible. There’s no room for error. Even the smallest mistake can mean a hit to the bottom line; open the door for a potentially fraudulent transaction; and/or inaccurate financial statements.

What’s more; fraud has become a huge issue, with new frauds focused directly on those who work in accounts payable doing serious damage. Over the last few years, it has become appallingly apparent that crooks are getting quite adept at targeting organizations and their employees. The amounts of money involved are often quite large and more than a few organizations have lost millions of dollars.

This leads to the last part of this intensive course. What many organizations don’t realize is that there are constructive ways to find cash hidden in your accounts payable processes. We identify a dozen of them that not only add cash to your bottom line, they don’t do so at the expense of your suppliers.