THE NEW ACCOUNTS PAYABLE TOOLKIT In The New Accounts Payable
Toolkit, accomplished entrepreneur, consultant, and finance expert
Christine H. Doxey delivers a unique and powerful approach to the
accounts payable process and discusses the impact of the automation
of the Procure to Pay (P2P) process. The toolkit explores all
aspects of the accounts payable process, from the establishment of
the contract and the purchase order to the supplier validation
process, invoice processing and payment, accounting, and fiscal
close. You'll learn the key metrics and analytics needed for the
accounts payable process. This comprehensive toolkit provides the
best practices, tools, and internal controls that can help
safeguard your company's cash and other assets. You'll obtain a
variety of tools to create the foundation required for current
internal controls and compliance to ensure that suppliers are
correctly validated in the supplier master file to maintain
regulatory compliance. Avoid paying fraudulent or inaccurate
invoices and avoid paying a supplier's invoice more than once. Be
certain that all supplier invoices are properly accounted for to
ensure an accurate fiscal close. Finally, stay up to date with all
current and coming trends in the accounts payable process,
including eInvoicing, ePayment, Robotic Process Automation (RPA),
Artificial Intelligence (AI), Machine Learning, and eAccounting.
The New Accounts Payable Toolkit provides guidance for the
implementation of AP automation solutions that can streamline and
modernize your own systems and processes to take advantage of new
digital developments. Perfect for controllers, chief financial
officers, and finance managers, The New Accounts Payable Toolkit
will also earn a place in the libraries of students and
professionals who seek to better understand the components of an
optimal accounts payable. UNCOVER A UNIQUE AND POWERFUL NEW
APPROACH TO ACCOUNTS PAYABLE PROCESSES The New Accounts Payable
Toolkit offers readers a comprehensive and timely new way of
handling their accounts payable systems and processes. You'll
discover how to implement new digital technologies in every aspect
of the accounts payable process, from the establishment of the
initial contract and purchase order to the supplier validation
process, invoice processing and payment, accounting, and fiscal
close. You'll learn to validate suppliers in the master list to
ensure regulatory compliance, prevent multiple payments for a
single invoice, keep from paying fraudulent, inaccurate, or
incomplete invoices, and apply best practices to help safeguard
your company's assets. You'll also discover how to measure and
record key metrics and analytics to maintain an effective accounts
payable process. Finally, you'll read about new and upcoming trends
in accounts payable, like artificial intelligence, machine
learning, and robotic process automation that you can implement
today to realize new efficiencies and savings. Ideal for chief
financial officers, finance managers, and controllers, The New
Accounts Payable Toolkit is an invaluable guide to modernizing and
optimizing your own company's accounts payable processes and
systems.
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