How Automation Can Take the Chaos Out of AP

On-demand Webinar | Free

If only paying an invoice was as simple as it sounds. The reality is the process is extremely complicated and chaotic. AP is responsible for paying the supplier on-time, but doesn’t have authority to approve those invoices. In a paper-based process, AP has extreme difficulty in locating the invoice in a complicated workflow, which damages their reputation giving the impression AP is out-of-control.

The next step is to take a hard look at the process:

• Are you receiving the invoice directly from the supplier within a day or two of invoice date?
• Are you handling larger invoice volumes? …. Doing more with less?
• Do you receive the invoice in many different formats?
• Can you track the invoice when it is sent for approvals or mismatch resolution?
• Are you supporting many locations and types of business?
• Does the AP system have to integrate with multiple ERP systems?
• Can you attain all approvals in a short time frame to capture discounts?
• Does AP have to process payments in multi-currencies and multi-language invoices?
• Has the closing cycle been shortened?
• Are you sure your data is complete?
• Not to mention: Pressure to reduce costs.

You are not alone: Respondents to an IOFM 2016 Survey said the AP process is extremely complex and they expect the process to get more complicated over the next two years. How can you ensure on-time payments?

Join this webinar and discover how organizations have transformed these challenges into a smooth orderly process that also opens the door for opportunity to grow the bottom-line through Digitization, leading technology and shared experience.

Judy Bicking
Senior Trainer, IOFM

Judy Bicking is a consultant, public speaker and author who specializes in accounts payable, accounts receivable and related topics. A 27-year Johnson & Johnson Global Business Services veteran, she was first recognized as a leader in credit management and then as a pioneer and leader in procure-to-pay. After a successful career in leading and managing AR and AP, she was tapped to lead the team to develop J&J’s U.S. shared service center. She later served as AP’s global director on J&J’s European P2P project team. Under Bicking’s direction, the staff members at J&J were the first to earn the TAPN/IOFM AP Departmental Certification designation. Bicking authored and took the lead on much of the AP Network’s AP Pro Train online learning center content, and she participated as a co-founder and subject matter expert for the TAPN/IOFM AP Certification program.

Bruno Vande Vyvre
Solutions Manager, Canon Information & Imaging Solutions

Bruno manages the Business Process Automation Solution product line for Canon Information and Imaging Solution. His previous professional experience was in the field of automatic data capture and mobility with Symbol Technologies and Motorola Solutions. Bruno holds an electrical engineering degree from the Superior Industrial Institute of Brussels (ISIB) and an MBA from Long Island University.

Continuing Education Credits available:

Receive 1 CEU toward renewing APM, APS, APPM or APPS certification from the Institute of Finance and Management! The Accounts Payable Certification and Procure-to-Pay Certification Programs are designed to establish standards for the profession and recognize Accounts Payable and Procure-to-Pay professionals who, by possessing related work experience and passing a comprehensive exam, have met stringent requirements for mastering the Accounts Payable and Procure-to-Pay bodies of knowledge.

This webinar is provided free of charge and underwritten by a sponsor. Following the webinar, you may be contacted by the sponsor with information about their products and services.