APPM Additional Resources

The links below are notes and additional resources for the Procure-to-Pay Manager (APPM) Certification Program.

Some of the extra reading links to content exclusive to IOFM Members. If you are not an IOFM Member, please bear in mind that these are supplemental links. You have everything you need to pass the final exam in your e-learning course! 

Chapter 1

Extra Reading

• What Do We Mean By the “Expenditure Cycle?”
• P2P: Play the Game, and Don’t Drop the Ball!
• Procurement, AP, and Vendors: Looking at P2P from Three Different Perspectives

Chapter 2

Notes

• Page 20 - Reverse factoring

Extra Reading

• Understanding Cash Management: Why it Is Important to AP Professionals
• Integrating Your Cash and Short-Term Debt Management Strategy
• Discounting Turns Dynamic
• The Role of Finance in Supply Chain Management
• Spend Analysis Is within Your Reach
• Driver for Change—Cash Management
• Are You Taking Full Advantage of Vendor Discounts?
• Hit a Working Capital and Discount Home Run with a Proactive Vendor Payment Strategy
• Improve Inventory Accuracy for Better Cash Management

Chapter 3

Notes

• Page 23 - available on the OFAC website
• Page 26 - “Misclassification of Employees as Independent Contractors”
• Page 26 - tips on the IRS website
• Page 26 - Form 1042-S, Foreign Person’s U.S. Source Income Subject to Withholding
• Page 27 - FATCA
• Page 28 - IRS TIN matching program
• Page 28 - assessed a fine
• Page 28 - Form 8233
• Page 29 - IRS Publication 515, Withholding of Tax on Nonresident Aliens and Foreign Entities
• Page 29 - Instructions for the Requester of Forms W-8BEN, W-8BEN-E, W-8ECI, W-8-EXP, and W-8-IMY
• Page 30 -“Nexus is created once a substantial physical presence is established.”
• Page 31 - South Dakota v. Wayfair
• Page 32 - “to simplify and modernize sales and use tax administration in order to substantially reduce the burden of tax compliance.”
• Page 34 - The European Union addresses e-invoicing
• Page 37 - U.S. Environmental Protection Agency (EPA)
• Page 38 - Information and Records Management: Document Based Information Systems
• Page 51 - disruptions to their supply chain
• Page 51 - supply chain transparency

Extra Reading

• An OFAC Primer
• FATCA – IRS Publishes List of Compliant Financial Institutions
• Five Ways AP Can Drive Sales and Use Tax Compliance
• Foreign Corrupt Practices Act (FCPA)—Ignore It At Your Peril
• Escheatment (Unclaimed Property) Checklist
• Records Retention Guidelines
• Rules for Electronic Records Are Evolving
• Keep Fraudsters at Bay By Tightening Up Your Controls
• Put Your Controls to the Test
• Use Cross-Functional Collaboration to Take a Bite Out of Fraud
• Are Your Vendors on the Verge of Bankruptcy?
• How to Get Your Compliance Ducks in a Row When There’s a New Law
• Disaster Recovery and AP: Reducing the Risk in a Paper-Based System

Chapter 4

Notes

• Page 59 - definition of process improvement
• Page 60 - mission statement
• Page 61 - great mission statement
• Page 61 - vision statement

Extra Reading

• What’s All This Talk About P2P?
• Should AP Be Part of Purchasing?
• For P2P Success, Close the Gaps Between AP and Procurement
• P2P: Close the Purchasing/AP Divide
• Shared Services: Good Sense for Global Corporations
• Case Study: Use Outsourcing to Get Rid of the Things That Cause You Pain
• Outsourcing Finance Functions: Key Points You Need to Consider

Chapter 5

Notes

• Page 71 - Reengineering the Corporation

Extra Reading

• Case Study: University Implements a New Procurement and Settlement System
• AP and Procurement: Best Friends Forever
• How to Overcome P2P Roadblocks
• Pair with the ‘Purchasing’ Side of P2P
• Get P2P Off to a Great Start!
• 10 Steps to Ease the Move Toward Shared Services
• How to Use Process Mapping to Improve Operations
• AP Is Only Half of the P2P Equation

Chapter 6

Notes

• Page 81 - According to Mark Brousseau

Extra Reading

• Implementing P2P Automation
• Robotics Can Be the First Step of Your Automation Journey — Or the Final Step Toward Straight-Through Processing
• Training Can Make or Break Your Automation Implementation
• Testing on Parallel Tracks
• Working With Providers: How to Pick Your Perfect Business Partner
• What Is the Payoff for Implementing a Vendor Portal?
• 12 Advantages of an Automated T&E System

Chapter 7

Notes

• Page 104 - article in the Harvard Business Review

Extra Reading

• P2P Success Clearly Counts on Communication
• Stepping Up: How AP and P2P Professionals Are Elevating Their Jobs
• Dyncorp’s P2P Training Program Cuts Cycle Time by 2 Weeks
• How to Deal with 5 Common Vendor Complaints
• ‘Moving the Needle’ on Leadership Initiatives
• Ice Cream Sundaes and Hands-on Leadership
• Team-Building Ideas That Cost Little or Nothing
• How to Build a “Top Gun” Finance Team

Chapter 8

Notes

• Page 111 - The Lean Startup
• Page 117 - IOFM

Extra Reading

• Five Recommendations for Overcoming Flaws in a P2P Process
• Conduct Periodic Reviews of Your P2P Cycle
• Align AP and Purchasing Metrics for Top P2P Performance
• Analyzing Your Processes and Using Metrics to Create Processing Solutions
• 10 Building Blocks for Continuous Improvement in Procure to Pay
• How Leading Companies “Unlock the Full Potential” of P2P
• Two Important Management Skills to Master: Delegation and Empowerment
• Implementing Managing Daily Improvement (MDI)

Chapter 9

Notes

• Page 122 - Who Moved My Cheese?

Extra Reading

• Don’t Let An Unproductive Employee Be Your Undoing
• Best-Practice P2P Creates Positive Culture Change for AP
• How to Become a Successful Change Agent
• Seven Ways To Increase Valuable Employee Input
• Using ‘SMART’ Tactics to Meet Goals
• How to Set Up A Pilot Program To Test New Technologies or Processes
• Process Improvement: Always a Good Practice
• “AP & P2P Professionals Speak” Video Series