A Back to Work Accounts Payable Action Plan, US

Mary Schaeffer

Mary S. Schaeffer is the founder of AP Now, a B2B learning and information organization focused on creating business intelligence around the accounts payable and payment functions. She hosts the AP Now podcast, a weekly talk focused on issues impacting the accounts payable and payment functions. She has also written 18 business books and speaks at over 100 events a year at both online and live events. Schaeffer has created a number of CPE self-study courses, customized training and online training events. Previously she held positions as an Assistant Treasurer for the Equitable Life Assurance ........

Overview

Account payable now statistics reveal that 85% of all companies had their accounts payable staffs working remotely during the coronavirus crisis. For most, the transition from office to remote usually took place over a few short days and was anything but pretty or smooth. With the possibility of returning to the office at some point in the near future, organizations need to start planning for that event. Hopefully, we've all learned something from going through this episode.

Why should you attend this webinar?

The return to a new normal will require additional efforts around the accounts payable function. Organizations will need to review what happened while working remotely and plan for the future. For the likelihood of this happening again is, unfortunately, high. The next time vendors are not so likely to be understanding about late payments and crooks will be even better situated to take advantage. Every organization needs to prepare. This session identifies 20 different steps every organization should take with regards to its accounts payable function. It's not hard, you just have to do it.

Areas Covered in the Session:

Identify potential weaknesses that may have facilitated fraud or led to duplicate payments.
Pinpoint any responsibilities that may have fallen through the cracks during the crisis
Create new processes for the future so the next time the transition will not be so harsh.
Evaluate interim policies that may need to be implemented as the country goes through the reopening process.
Start the transition with motivated employees.

Who can Benefit: