Accounts Payable Systems: A guide to E-Payments, regulation, and financial transactions: 2- Day In-Person Seminar

For many years the landscape of accounts payable (AP) payments was stagnant. The only option was check. Over the years, several new payment options have been adopted and these have completely changed the landscape. First were wire and ACH, then card payments, now there are many other enhancements on the horizon. With new options one will always have new rules to comply with. How one goes about these new options will determine if success is achieved or bigger compliance headaches have to be dealt with.

This E-payments compliance training will be about the changing environment of AP payments and what businesses need to do to keep up and, more importantly, be prepared for in the future. This two day interactive seminar will cover all topics ranging from basic fundamentals, fraud prevention, revenue sources, process savings and reconciliation to technology. It will dive into all aspects of the AP payment process.

In many cases accounts payable can be an entry level position so turnover is high. This course on financial transaction risk management will serve as a great reference tool to remind employees of the simple steps in payments as well as bring new ideas to the table.

• To provide an understanding of the key elements of accounts payable payments
• To effectively prepare attendees to offer their companies the latest advances in accounts payable
• To meet/exceed regulatory expectations and to ensure the organization is prepared to manage vulnerabilities of all payment types
• To understand the nature of the accounts payable and how it relates to other business lines
• To focus on the key internal controls that can detect and prevent fraud
• To review the key concepts and implementation steps of accounts payable programs available in the marketplace today
• The course will focus on the following key aspects of accounts payable payments:
  • The history of AP payments
  • AP payments today
  • Check, wire, and ACH payments
  • Virtual credit card payments
  • Purchasing card usage
  • Fraud in all payment types
  • Software available in the marketplace