Intelligent Management of Non-PO Invoicing Transactions

On-Demand Webinar | Free   

Accounts Payable all over the globe are under constant pressure to cut costs through efficient processing and pay their suppliers on time. This may sound like an easy feat, however when the processes are manual it is chaotic and out of control.

No set process is mostly in place for non-PO backed transactions which is a huge setback on internal compliance. This makes the tasks of AP more difficult. No PO means no reference of the purchase been made. Operationally also, such transactions creates a stressful environment for AP in a race against the clock to get adequate approvals, receipt acknowledgements, a valid GL number  references on invoices that are almost or are past due which increase the scope of major errors which may cost an organization financially.

Despite various “No-PO, No Pay” policies being exercised, the reality is non-PO invoices cannot be completely eradicated.  They can, however be reduced and brought under control if adequate technological support is there to ensure best compliance practices, exceptional handling and approval work flows.

This webinar with Judy Bicking, Senior Trainer IOFM and Richard Waugh, VP Corporate Development will help you tame those Non-PO invoices and other types of invoices to help you manage Non-PO invoices to run a stable AP engine on rock solid foundation backed by reliable technology.

Key Takeaways

• The Diverse types of Invoices  and Process Flow Complexities
• The Problem with Non-PO Processing - Compliance
• The Repercussions of Non-PO invoices - Operational
• Strategies to control and reduce Non-PO invoices
• Strategies to efficiently manage Non-PO invoices
• Role of Technology

Judy Bicking
Senior Trainer, IOFM

Her career has been focused on Procure-2-Pay, Order-2-Cash, and developing Shared Service Centers in the U.S. and Europe; earning high recognition for process improvement and major cost savings.  She led the first departments to earn IOFM AP & AR Departmental Certification designation.

Today she is a Public Speaker, does consulting in P2P and O2C.  She participated as co-founder and played a major role in writing and conducting certification training in these fields.  She is a strong believer in “raising the bar” in these areas.

Encourages Women through Facebook called: Women-at-Work. She also owns and operates a retail department store along with her passion in doing mission work at home and abroad.

Richard Waugh
VP Corporate Development, Zycus Inc.

As Vice President for Corporate Development, Richard leads strategic initiatives in the areas of new product introduction, market development, thought leadership, analyst relations, and strategic partner development programs.

Richard has an extensive background in B2B E-Commerce. He helped launch GE's Trading Process Network (TPN), the first on-line Marketplace for Sourcing and Procurement. He was also Co-Founder of B2eMarkets, one of the first SaaS (Software as a Service) Sourcing Suite providers and later covered the Supply Management market as an Industry Analyst for the Aberdeen Group .

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.