Accounts Payable

This PetroKnowledge Accounts Payable training course provides businesses and other organizations with a strong sense of where they stand against industry leaders and shows them how to take their services and organizational processes to state-of-the-art levels.

The organisation of the accounts payable function and the management of the accounts payable role are of vital importance to the effective control of working capital and therefore cash flow. Documented strategies and tactics employed by highly admired companies are presented both successful and unsuccessful to illustrate the real-world functionality of each process and approach.

By attending this PetroKnowledge training seminar, delegates will understand:

• The importance of the accounts payable function and the need for effective and efficient controls
• The role of Accounts Payable Management in the control of the Working Capital of an organisation
• How to create effective Accounts Payable Dashboards to track and present department KPI’s
• How to motivate and engage Accounts Payable Staff
• The importance of reviewing international “best practices” to continual improve Accounts Payable operating performance

At the end of this PetroKnowledge training course, you will learn:

• Identify the function of accounts payable and its role in organizations
• Use accounting principles related to accounts payable
• Describe how to take a successful lead in the management of accounts payable
• Assess AP operations and processes and recommend improvements using the latest best practices
• Apply tools and techniques in Microsoft Excel to effectively manage and monitor accounts payable performance