Any accounts payable department that wishes to improve its success must be able to measure its performance against its peers. This is a lot more difficult than it might appear at first glance. In this practical webinar, you will examine the specific reasons for benchmarking in accounts payable. You will also learn about the process and how to use the results to drive efficiency in your accounts payable process. Among other things, you will receive a detailed overview of some common metrics. You will also explore some of the common mistakes companies tend to make when benchmarking their accounts payable process.
Upon course completion, you will be able to:
- Start an effective benchmarking program for your AP function
- Meet the challenges involved with benchmarking
- Identify those items that realistically can and should be measured
- Pinpoint the pitfalls you need to avoid when benchmarking in order to have an effective process
Advanced Preparation: None
Program Level: Intermediate
Field of Study: Accounting, Auditing
Credit Type: Group Internet Based for the Live Program.
Mary S. Schaeffer is the founder of AP Now, a B2B media firm focused on creating business intelligence around the accounts payable and payment functions. She has written 18 business books and is a frequent speaker. Previously, she held positions as an Assistant Treasurer for the Equitable Life Assurance Society, a Financial Risk Manager for O&Y and a Corporate Cash Manager for Continental Grain. She has an MBA in Finance from NYU and a BS in Mathematics from York College (CUNY).
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Clear Law Institute is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org. For more information regarding administrative policies such as complaint and refund, please see the tab above on our Money-Back Guarantee or contact us at 703-372-0550.
CPE Credit - Maximum Credit Hours: Please see above. You must attend at least 50 minutes to obtain credit. Fields of Study: Please see above. Teaching Method: Lecture. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state’s regulatory board.
Clear Law Institute has registered with the Texas State Board of Public Accountancy as a CPE Sponsor. This registration does not constitute an endorsement by the Board as to the quality of our CPE Program.
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