APPS Additional Resources

The links below are notes and additional resources for the Procure-to-Pay Specialist (APPS) 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 - “reasonable, equitable, conscionable, and made in good faith.”
• Page 20 - a convenient lookup tool
• Page 26 - Logistics

Extra Reading

• Is Your Procurement Function Staying Ahead of the Curve?
• Optimizing Performance through Collaboration: A Synergy between Finance & Procurement
  
• The Manufacturer’s Approach to Procure-to-Pay
• 3 Procure-to-Pay Strategies to Achieve Best-in-Class Results (WEBINAR)
• Communicate With Purchasing to Stay on Top of Contractual Changes & Expiration
• New Vendor Welcome Letter
• Promoting Process Alignment and Cooperation Between AP and Purchasing

Chapter 3

Notes

• Page 43 - Standard Industry Classification

Extra Reading

• Vendor Due Diligence: Verifying New Vendor Legitimacy
• When a Vendor Calls: Resolving Vendor Disputes
• Cleaning Your Vendor File
• Bring Your Vendor Master File Under Control
• How to Deal with 5 Common Vendor Complaints
• Vendor Naming Rules Checklist
• Vendor Naming Convention

Chapter 4

Extra Reading

• The ‘R’ in P2P
• Consider ERS to Overcome Procurement and AP Process Issues
• Evaluated Receipt Settlement (ERS)
• How One Company Reduced Check Runs With Assumed Receipt
• Harris Bank Uses E-Invoicing to Corral Decentralized, non-PO Invoices
• Documentation and Auditing Challenges: Invoice-less Payments
• Analyzing Your Processes and Using Metrics to Create Processing Solutions
• Intelligent Management of Non-PO Invoicing Transactions
• Implementing a Self-Service PO Process
• Is the Three-Way Match a Good Match for Your Organization?

Chapter 5

Notes

• Page 53 - David Hilcher
• Page 62 - Electronic Payments Association (NACHA)

Extra Reading

• Increase the Odds of a Successful Duplicate Invoice Hunt
• P2P Twins: Electronic Purchase Order Sets Up the Electronic Invoice
• Set Ground Rules When Undertaking a Post Audit
• Case Study: Using Purchasing Cards for Large-Dollar Purchases
• Integrating P-cards into the Procure-to-Pay Process
• Drowning in Invoices? Evaluated Receipt Settlement Eliminates Invoices—and Cuts Costs
• Cut Back on Your Invoice Volume With Summary Billing
• 11 Tips for Tackling the Convoluted Value Added Tax (VAT) Process
• How Do You Sort Your Invoices?

Chapter 6

Notes

• Page 80 - 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 7

Notes

• Page 83 - available on the OFAC website
• Page 86 - “Misclassification of Employees as Independent Contractors”
• Page 86 - tips on the IRS website
• Page 86 - Form 1042-S, Foreign Person’s U.S. Source Income Subject to Withholding
• Page 87 - FATCA
• Page 88 - IRS TIN matching program
• Page 88 - assessed a fine
• Page 88 - Form 8233
• Page 89 - IRS Publication 515, Withholding of Tax on Nonresident Aliens and Foreign Entities
• Page 89 - Instructions for the Requester of Forms W-8BEN, W-8BEN-E, W-8ECI, W-8-EXP, and W-8-IMY
• Page 90 -“Nexus is created once a substantial physical presence is established.”
• Page 91 - South Dakota v. Wayfair
• Page 92 - “to simplify and modernize sales and use tax administration in order to substantially reduce the burden of tax compliance.”
• Page 94 - The European Union addresses e-invoicing
• Page 97 - U.S. Environmental Protection Agency (EPA)
• Page 98 - Information and Records Management: Document Based Information Systems
• Page 111 - disruptions to their supply chain
• Page 111 - 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 8

Notes

• Page 114 - 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