e-Invoicing and Accounts Payable Automation: Maximizing Potentials
Overview:
Accounts payable (AP) automation has continuously created positive buzz across industries in recent years. Along with its upward trend is the growing prominence of electronic invoicing or e-invoicing, an effective and efficient way of extracting and validating vast volumes of invoices received daily from different sources and in varied formats. As simpler platforms, e-invoicing and AP automation help companies – big or small – to eliminate the burden of costly and laborious manual processing.
However, optimizing and selecting an effective e-invoicing and AP automation software platform can be challenging. Thus, it is essential for companies to have a keen understanding of how AP automation and e-invoicing solutions can be maximized. Businesses must also be cognizant of selecting the appropriate software platform that would specifically cater to their needs.
Join a panel of thought leaders and professionals brought together by The Knowledge Group as they provide an in-depth analysis of the latest e-invoicing and AP automation trends and developments. Speakers will discuss how AP executives can apply these updates within their organization. They will also provide tips and strategies on how to maximize the potentials of AP automation and e-invoicing in this evolving digital era.
Some of the major topics that will be covered in this course are:
- e-Invoicing and Accounts Payable Automation: Trends and Developments
- Maximizing the Benefits of AP Automation and e-Invoicing
- Common Risks and Challenges
- Essentials of an Effective AP Automation and e-Invoicing Solution
- Practical Tips and Best Strategies
Agenda:
SEGMENT 1:
Cody Manning, VP of Sales
Yooz USA
- Best-in-Class Accounts Payable with Yooz (vs. the others)
- Strategies to convince decision-makers to invest in AP automation
- Measuring your AP Automation ROI and investing in the right AP automation partner
SEGMENT 2:
Christine Doxey, CAPP, CCSA, CICA, CPC, President
Doxey Inc.
- Definitions and Types of AP Automation
- Defining e-Invoicing and AP Automation
- What are the types of AP Automation?
- Benefits of e-Invoicing and AP Automation
- How do e-Invoicing and AP Automation support business continuity?
- How does AP Automation reduce risk and improve internal controls?
- How does AP Automation support a timely and precise fiscal close?
SEGMENT 3:
Jess Scheer, Executive Editor
IOFM
- 2020 was the year of AP Automation: 3 in 4 AP departments now have some system in place; 2 in 3 invoices are now e-invoices — both are up from less than 50% just 18 months ago.
- In 2021, the big question will be: “now what?” Automating a bad process just makes bad worse faster. So, the key will be identifying the process changes and internal controls to gain efficiencies from these new investments.
- Just because you have something, doesn’t mean it’s the right or best thing. So, the question becomes: what additional functionality will be helpful to prepare to become a more successful AP department of the future. (What do you need to assist with cash/expense management and forecasting, etc.)
Who Should Attend:
- CFOs/CEOs
- VP/Director of Finance
- CAO
- Controllers
- Private and Public Companies
Cody Manning is the Vice President of Sales at Yooz North America. He is a multi-award-winning sales leader with expertise …
Chris Doxey is an author, speaker and management consultant that is passionate about improving financial process. Chris focuses on internal …
Jess Scheer is an award-winning business reporter, focused on the intersection of accounting, finance and management. As the executive editor …
Course Level:
Intermediate
Advance Preparation:
Print and review course materials
Method of Presentation:
On-demand Webcast (CLE); Group-Internet Based
Prerequisite:
None
Course Code:
148769
NASBA Field of Study:
Information Technology – Technical
NY Category of CLE Credit:
Law Practice Management
Total Credit:
1.0 CLE
1.0 CPE (Not eligible for QAS (On-demand) CPE credits)
Login Instructions:
No Access
You are not logged in. Please Login or register to the event to gain access to the materials and login instructions.
Unlock All The Knowledge and Credit You Need
Leading Provider of Online Continuing Education
It's As Easy as 1, 2, 3
Get Your 1-Year All Access Pass For Only $199
SPEAKERS' FIRMS:
About Yooz USA
Yooz provides the smartest, most powerful and easiest-to-use cloud-based Purchase-to-Pay (P2P) automation solution. It delivers unmatched savings, speed and security with affordable zero-risk subscriptions to more than 4,000 customers and 200,000 users worldwide. Yooz’s unique solution leverages Artificial Intelligence and RPA technologies to deliver an amazing level of automation with extreme simplicity, traceability and end-to-end customizable features. It integrates seamlessly with more than 250 financial systems, exceeding any other solution on the market. Yooz North America is headquartered in the Dallas, Texas metropolitan area with global offices in Europe. Visit us on www.getyooz.com.
Website: http://www.getyooz.com
About Doxey Inc.
Our objective is to provide consulting services that leverage decades of experience at Fortune 100 companies, in the areas of financial operations, financial transaction automation, internal controls and risk management. Our goal is to exceed expectations, deliver the requested solution and transfer the knowledge necessary for the client’s organization to be self-sufficient the future. Our unique deliverables include standards of internal controls, new policies and procedures for a specific financial process, customized training programs, compliance procedures, supplier master screening programs, self-audit and assessment checklist, benchmarking approaches, metrics toolkits, and P2P automation project plans.
Website: https://www.doxeyinc.com/
About IOFM
IOFM (the Institute of Finance and Management) is proud to be recognized as the leading organization in providing training, education and certification programs specifically for professionals in accounts payable, procure-to-pay, accounts receivable/credit and collection, and order-to-cash. Learn more at IOFM.com
Website: https://www.iofm.com/