Do you still have problems getting at least a few approvers to review invoices and get them back to you in a timely manner? Are you still getting invoices missing an invoice number or the name of a requisitioner? You are not alone. While invoices remain the core of any accounts payable function, they continue to create bottlenecks and inefficiencies for many accounts payable departments. The problems mentioned above are not the only ones plaguing the professionals looking for more efficient ways to handle the payment process.
The recent AP Now Invoice survey identified eight key problems that continue to make invoice processing less efficient than it could be. Finding ways to address the friction caused by those issues is one way for professionals can improve the efficiency of the department. That’s why we’ve invited AP Now’s Mary Schaeffer to spend an hour addressing the issues and providing insights on how you can minimize, if not eliminate, some or all of the eight most common invoice problems. After this session, you will be able to:
- Identify the issues creating glitches in your invoice processes
- Create remedies to minimize their impact
- Incorporate best practice solutions that will enhance your processes
- Understand where automation fits into your process
About Mary Schaeffer
Mary S. Schaeffer, a nationally recognized accounts payable expert, is founder of AP Now, a membership organization focused on creating business intelligence around the accounts payable and payment function. She researches and writes the organization’s newsletter and books as well as creating content for its portal, webinars, seminars, CPE self-study courses, customized training and online training events. Her free ezine is read by over 20,000 professionals concerned about accounts payable and payment issues each week. 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. A frequent and popular speaker at live and online events, she has an MBA in Finance and a BS in Mathematics.