{"product_id":"the-new-accounts-payable-toolkit-isbn-9781119700500","title":"The New Accounts Payable Toolkit","description":"\u003cb\u003eTHE NEW ACCOUNTS PAYABLE TOOLKIT\u003c\/b\u003e \u003cp\u003eIn \u003ci\u003eThe New Accounts Payable Toolkit\u003c\/i\u003e, accomplished entrepreneur, consultant, and finance expert Christine H. Doxey delivers a unique and powerful approach to the accounts payable process and discusses the impact of the automation of the Procure to Pay (P2P) process. The toolkit explores all aspects of the accounts payable process, from the establishment of the contract and the purchase order to the supplier validation process, invoice processing and payment, accounting, and fiscal close.\u003c\/p\u003e\u003cp\u003eYou’ll learn the key metrics and analytics needed for the accounts payable process. This comprehensive toolkit provides the best practices, tools, and internal controls that can help safeguard your company’s cash and other assets. You’ll obtain a variety of tools to create the foundation required for current internal controls and compliance to ensure that suppliers are correctly validated in the supplier master file to maintain regulatory compliance.\u003c\/p\u003e\u003cp\u003eAvoid paying fraudulent or inaccurate invoices and avoid paying a supplier’s invoice more than once. Be certain that all supplier invoices are properly accounted for to ensure an accurate fiscal close. Finally, stay up to date with all current and coming trends in the accounts payable process, including eInvoicing, ePayment, Robotic Process Automation (RPA), Artificial Intelligence (AI), Machine Learning, and eAccounting.\u003c\/p\u003e\u003cp\u003e\u003ci\u003eThe New Accounts Payable Toolkit\u003c\/i\u003e provides guidance for the implementation of AP automation solutions that can streamline and modernize your own systems and processes to take advantage of new digital developments.\u003c\/p\u003e\u003cp\u003ePerfect for controllers, chief financial officers, and finance managers, \u003ci\u003eThe New Accounts Payable Toolkit\u003c\/i\u003e will also earn a place in the libraries of students and professionals who seek to better understand the components of an optimal accounts payable.\u003c\/p\u003e\u003cp\u003eUNCOVER A UNIQUE AND POWERFUL NEW APPROACH TO ACCOUNTS PAYABLE PROCESSES\u003c\/p\u003e\u003cp\u003e\u003ci\u003eThe New Accounts Payable Toolkit\u003c\/i\u003e offers readers a comprehensive and timely new way of handling their accounts payable systems and processes. You’ll discover how to implement new digital technologies in every aspect of the accounts payable process, from the establishment of the initial contract and purchase order to the supplier validation process, invoice processing and payment, accounting, and fiscal close.\u003c\/p\u003e\u003cp\u003eYou’ll learn to validate suppliers in the master list to ensure regulatory compliance, prevent multiple payments for a single invoice, keep from paying fraudulent, inaccurate, or incomplete invoices, and apply best practices to help safeguard your company’s assets. You’ll also discover how to measure and record key metrics and analytics to maintain an effective accounts payable process. Finally, you’ll read about new and upcoming trends in accounts payable, like artificial intelligence, machine learning, and robotic process automation that you can implement today to realize new efficiencies and savings.\u003c\/p\u003e\u003cp\u003eIdeal for chief financial officers, finance managers, and controllers, \u003ci\u003eThe New Accounts Payable Toolkit\u003c\/i\u003e is an invaluable guide to modernizing and optimizing your own company’s accounts payable processes and systems. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eSection 1 – Introduction 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1: About This Toolkit 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIndex of AP Tools 5\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSection 2 – The New AP Department 9\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2: The New AP Department 11\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 11\u003c\/p\u003e \u003cp\u003eCase Study: Journey to Excellence 11\u003c\/p\u003e \u003cp\u003eFocus on Corporate Productivity 12\u003c\/p\u003e \u003cp\u003eAccounts Payable and Procure-to-Pay (P2P) Process Improvements 13\u003c\/p\u003e \u003cp\u003eAP Tool 1: AP Process Improvement and Automation Checklist 14\u003c\/p\u003e \u003cp\u003eP2P Reporting, Understanding, and Perspective 15\u003c\/p\u003e \u003cp\u003eAP Tool 2: Procurement Spend Analysis 16\u003c\/p\u003e \u003cp\u003eStrategic Sourcing 17\u003c\/p\u003e \u003cp\u003eOther Procure-to-Pay Best Practices 17\u003c\/p\u003e \u003cp\u003eAP Process Improvement Impacts on Working Capital 18\u003c\/p\u003e \u003cp\u003eAverage Payable Period 18\u003c\/p\u003e \u003cp\u003eMeasuring Average Payable Period 18\u003c\/p\u003e \u003cp\u003eWhen to Take a Trade Discount 19\u003c\/p\u003e \u003cp\u003eNegotiating Payment Terms 20\u003c\/p\u003e \u003cp\u003eOverview of the Requirements of the Sarbanes Oxley Act of 2002 23\u003c\/p\u003e \u003cp\u003eAccounts Payable, Risk, and Fraud 25\u003c\/p\u003e \u003cp\u003eFraud Statistics 26\u003c\/p\u003e \u003cp\u003eIntroduction to Internal Controls 28\u003c\/p\u003e \u003cp\u003eStandards of Internal Control 28\u003c\/p\u003e \u003cp\u003eAP Tool 3: Types of Internal Controls 29\u003c\/p\u003e \u003cp\u003eDefining Control Activities 31\u003c\/p\u003e \u003cp\u003eDoxey700500_ftoc.indd 5 19-10-2020 13:31:57\u003c\/p\u003e \u003cp\u003eThe Three Critical Corporate Controls 32\u003c\/p\u003e \u003cp\u003eAP Tool 4: The Benefits of Segregation of Duties (SoD) Controls 34\u003c\/p\u003e \u003cp\u003eAP Tool 5: Mitigating Risk with Internal Controls 35\u003c\/p\u003e \u003cp\u003eAP Tool 6: Compensating Controls to Mitigate Risk 38\u003c\/p\u003e \u003cp\u003eAP Tool 7: Your Roadmap for Implementing an Internal Controls Program 40\u003c\/p\u003e \u003cp\u003eAP Tool 8: The Top Twenty Controls for the AP Process 43\u003c\/p\u003e \u003cp\u003eBenefits of a Payment Audit Process 45\u003c\/p\u003e \u003cp\u003eAP Tool 9: Internal Controls Checklist 47\u003c\/p\u003e \u003cp\u003eAP Tool 10: Sample Internal Controls Program for Accounts Payable for Companies Using the SAP ERP 47\u003c\/p\u003e \u003cp\u003eAP Tool 11: Metrics to Drive Process Improvements 52\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3: Automating the AP Process 55\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 55\u003c\/p\u003e \u003cp\u003eBenefits of AP Automation 57\u003c\/p\u003e \u003cp\u003eA Summary of AP Automation Functionality Considerations 57\u003c\/p\u003e \u003cp\u003eExamples of AP Automation Solutions 59\u003c\/p\u003e \u003cp\u003eOther Types of AP Automation 61\u003c\/p\u003e \u003cp\u003eImaging and Workflow Automation (IWA) 64\u003c\/p\u003e \u003cp\u003eDifferent Flavors of Imaging and Workflow Automation 67\u003c\/p\u003e \u003cp\u003eElectronic Invoicing 69\u003c\/p\u003e \u003cp\u003eDifferent Flavors of Electronic Invoicing 72\u003c\/p\u003e \u003cp\u003eConvergence of Electronic Invoicing and IWA 73\u003c\/p\u003e \u003cp\u003eImplementation of Your P2P Automation Solution 74\u003c\/p\u003e \u003cp\u003eDeveloping the Business Case 75\u003c\/p\u003e \u003cp\u003eSoftware Solutions, Software-as-a-Service, or Outsourcing? 75\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSection 3 – Disecting The P2P Process 79\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4: What Is the P2P Process? 81\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction to the P2P Process 81\u003c\/p\u003e \u003cp\u003eAP Tool 12: Dependencies and Interdependencies Within the P2P Process 83\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5: Transforming the P2P Process 85\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 85\u003c\/p\u003e \u003cp\u003eAP Tool 13: Current State Analysis 86\u003c\/p\u003e \u003cp\u003eVisioning and Transformation Roadmap 87\u003c\/p\u003e \u003cp\u003eAP Tool 14: P2P Transformation Roadmap 88\u003c\/p\u003e \u003cp\u003eDoxey700500_ftoc.indd 6 19-10-2020 13:31:57\u003c\/p\u003e \u003cp\u003eAP Tool 15: Other Recommendations for P2P Transformation 88\u003c\/p\u003e \u003cp\u003eAP Tool 16: Managing Change 89\u003c\/p\u003e \u003cp\u003eAP Tool 17: P2P Transformation Metrics 90\u003c\/p\u003e \u003cp\u003eAP Tool 18: Streamlining Your P2P Process Without Automation 92\u003c\/p\u003e \u003cp\u003eAP Tool 19: How to Begin Your P2P Automation Journey 96\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6: Structuring the AP Organization 99\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 99\u003c\/p\u003e \u003cp\u003eThe Finance and Accounting Organization 100\u003c\/p\u003e \u003cp\u003eThe Finance and Accounting Organizational Chart (Example) 100\u003c\/p\u003e \u003cp\u003eOrganizational Chart for an AP Department (Example) 101\u003c\/p\u003e \u003cp\u003eHistory of the Transition 101\u003c\/p\u003e \u003cp\u003eAbout Shared Services 102\u003c\/p\u003e \u003cp\u003eOrganizational Chart for a Shared Services Structure (Example) 103\u003c\/p\u003e \u003cp\u003eShared Services and Service Level Agreements (SLAs) 103\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSection 4 – How Procurement and Receiving Impact AP 105\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7: Supplier Selection and Management 107\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 107\u003c\/p\u003e \u003cp\u003eSupplier Selection and Management Process Flow 108\u003c\/p\u003e \u003cp\u003eSupplier Selection and Management Process Insights 109\u003c\/p\u003e \u003cp\u003eAP Tool 20: The Top Ten Best Practices in the Supplier Management Lifecycle 109\u003c\/p\u003e \u003cp\u003eAP Tool 21: Five Steps to Use When “Fine-Tuning” Your Supplier Master 115\u003c\/p\u003e \u003cp\u003eAnother Look at Supplier Master File Management Best Practices 120\u003c\/p\u003e \u003cp\u003eAP Tool 22: Supplier Diversity 124\u003c\/p\u003e \u003cp\u003eAP Tool 23: Eight Critical Supplier Master Practices 128\u003c\/p\u003e \u003cp\u003eAP Tool 24: Managing the Supplier Master File 130\u003c\/p\u003e \u003cp\u003eStandards of Internal Control: Supplier Selection and Management 131\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8: Contract Management 135\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction to the Contract Management Process 135\u003c\/p\u003e \u003cp\u003eContract Management Process Flow 137\u003c\/p\u003e \u003cp\u003eContract Management Process Insights 138\u003c\/p\u003e \u003cp\u003eAP Tool 26: Ten Recommendations for Establishing Contracts 142\u003c\/p\u003e \u003cp\u003eStandards of Internal Control: Contract Management 147\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9: Purchasing and Ordering 151\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction to the Purchasing and Ordering Process 151\u003c\/p\u003e \u003cp\u003eAP Tool 27: Five Steps in an Electronic Procurement Process 152\u003c\/p\u003e \u003cp\u003ePurchasing and Ordering Process Flow 154\u003c\/p\u003e \u003cp\u003ePurchasing and Ordering Process Insights 155\u003c\/p\u003e \u003cp\u003eAP Tool 28: Four Best Practices to Consider for the Purchase Requisition Process 157\u003c\/p\u003e \u003cp\u003eThe Catalog Procurement Model 158\u003c\/p\u003e \u003cp\u003eStandards of Internal Control: Purchasing and Ordering Process 163\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10: Receiving 179\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction to the Receiving Process 179\u003c\/p\u003e \u003cp\u003eReceiving Process Flow 180\u003c\/p\u003e \u003cp\u003eReceiving Process Insights 181\u003c\/p\u003e \u003cp\u003eStandards of Internal Controls: Receiving Process 184\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSection 5 – A Laser Focus On AP 193\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11: The Supplier Master File 195\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction to the Supplier Master Process 195\u003c\/p\u003e \u003cp\u003eAP Tool 29: Supplier Master File Process Best Practices 196\u003c\/p\u003e \u003cp\u003eAP Tool 30: Supplier Master Coding Standards 214\u003c\/p\u003e \u003cp\u003eStandards of Internal Control: Supplier Master 218\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12: Invoice Processing 231\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction to Invoice Processing 231\u003c\/p\u003e \u003cp\u003eInvoice Processing Process Flow 232\u003c\/p\u003e \u003cp\u003eInsights into Invoice Processing 233\u003c\/p\u003e \u003cp\u003eTypes of Matching Processes 235\u003c\/p\u003e \u003cp\u003eAutomating the Matching Process 236\u003c\/p\u003e \u003cp\u003eAP Tool 31: Establishing Tolerances 237\u003c\/p\u003e \u003cp\u003eAP Tool 32: Five Factors Driving the Automation of Invoice Processing 239\u003c\/p\u003e \u003cp\u003eThe Benefits of Sending and Receiving Electronic Invoices 240\u003c\/p\u003e \u003cp\u003eAP Tool 33: The Most Common Forms of Invoice Automation 241\u003c\/p\u003e \u003cp\u003eAP Tool 34: Six Best Practices for Invoice Processing 244\u003c\/p\u003e \u003cp\u003eAP Tool 35: Three Components of Imaging and Workflow 248\u003c\/p\u003e \u003cp\u003eAP Tool 36: Nine Performance Indicators for Invoice Processing 249\u003c\/p\u003e \u003cp\u003eAP Tool 37: The 25 Top Reasons for Problem Invoices 251\u003c\/p\u003e \u003cp\u003eStandards of Internal Controls: Invoice Processing 254\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13: P-Cards 261\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction to the P-Card Process 261\u003c\/p\u003e \u003cp\u003eTypes of Payment Cards 262\u003c\/p\u003e \u003cp\u003eP-Card Definitions 266\u003c\/p\u003e \u003cp\u003eAP Tool 41: The P-Card Scorecard 278\u003c\/p\u003e \u003cp\u003eStandards of Internal Controls: P-Card Process 284\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14: Travel and Entertainment 289\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction to the T\u0026amp;E Process 289\u003c\/p\u003e \u003cp\u003eAP Tool 42: Red Flags for the T\u0026amp;E Process 293\u003c\/p\u003e \u003cp\u003eStandards of Internal Control: T\u0026amp;E Process 297\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15: The Payment Process 303\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 303\u003c\/p\u003e \u003cp\u003eAP Tool 43: Effectively Managing Your Payment Process 306\u003c\/p\u003e \u003cp\u003eAP Tool 44: Five ACH Controls 307\u003c\/p\u003e \u003cp\u003eAP Tool 45: Preventing Duplicate Payments 308\u003c\/p\u003e \u003cp\u003eAP Tool 47: Tackling Payments Fraud 317\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16: Accounting, Reconciliation Processes, \u003c\/b\u003e\u003cb\u003eSelf-Audit Tools, and Internal Controls 325\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 325\u003c\/p\u003e \u003cp\u003eStandards of Internal Controls: Accounting, Reconciliation Processes, Self-Audits, and Internal Controls 334\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17: Customer Service 343\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 343\u003c\/p\u003e \u003cp\u003eStandards of Internal Controls: Customer Service Process 347\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18: Reporting, Analytics, and Benchmarking 351\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 351\u003c\/p\u003e \u003cp\u003eStandards of Internal Control: Reporting, Analytics, and Benchmarking Process 361\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSection 6 – Other AP Business Processes 365\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 19: Supply Chain Financing (SCF) 367\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 367\u003c\/p\u003e \u003cp\u003eUnlocking Supply Chain Value 368\u003c\/p\u003e \u003cp\u003eDoxey700500_ftoc.indd 9 19-10-2020 13:31:57\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 20: Escheatment 371\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 371\u003c\/p\u003e \u003cp\u003eUniform Unclaimed Property Act (the 2016 Act) 372\u003c\/p\u003e \u003cp\u003eTrends in Unclaimed Property Audit and Compliance Issues 372\u003c\/p\u003e \u003cp\u003eThe Three Objectives of Unclaimed Property Laws 374\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 21: Sales and Use Tax 381\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 381\u003c\/p\u003e \u003cp\u003eWhat the Wayfair Decision Means for Out-of-State Sellers 382\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 22: Independent Contractors and the \u003c\/b\u003e\u003cb\u003e1099 Process 393\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTIN Matching and 1099 Filers 393\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 23: Business Continuity Planning 411\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 411\u003c\/p\u003e \u003cp\u003eHow COVID-19 Is Impacting Today’s\u003c\/p\u003e \u003cp\u003eBusiness Environment 412\u003c\/p\u003e \u003cp\u003eBusiness Continuity Basics 412\u003c\/p\u003e \u003cp\u003eThe Difference Between Disaster Recovery and Business Continuity 413\u003c\/p\u003e \u003cp\u003eOther Definitions and Terms 413\u003c\/p\u003e \u003cp\u003eManaging a Crisis 414\u003c\/p\u003e \u003cp\u003eAccessing the Risk and Developing a Strategy 415\u003c\/p\u003e \u003cp\u003eTaking Business Continuity to the Cloud 415\u003c\/p\u003e \u003cp\u003eHow to Ensure Continuous Business Continuity 416\u003c\/p\u003e \u003cp\u003eAP Tool 56: Six BCP Best Practices 417\u003c\/p\u003e \u003cp\u003eAP Tool 57: A Roadmap for Developing Your BCP 418\u003c\/p\u003e \u003cp\u003eAP Tool 58: Five Recommended BCP Internal Controls 419\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSection 7 – Introduction 421\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAccounts Payable: Quarterly Controls Self-Assessment Questionnaire 423\u003c\/p\u003e \u003cp\u003eGlossary 427\u003c\/p\u003e \u003cp\u003eIndex 451\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHRISTINE H. DOXEY\u003c\/b\u003e is President of Doxey Inc., a management consultant, and author. She has over 40 years of experience in providing best practices, internal control standards, and process solutions for her financial operations clients. She is a sought-after speaker and recently authored \u003ci\u003eThe Internal Controls Toolkit\u003c\/i\u003e and \u003ci\u003eThe Fast Close Toolkit\u003c\/i\u003e.\u003c\/p\u003e  \u003cp\u003eIn \u003ci\u003eThe New Accounts Payable Toolkit\u003c\/i\u003e, accomplished entrepreneur, consultant, and finance expert Christine H. Doxey delivers a unique and powerful approach to the accounts payable process and discusses the impact of the automation of the Procure to Pay (P2P) process. The toolkit explores all aspects of the accounts payable process, from the establishment of the contract and the purchase order to the supplier validation process, invoice processing and payment, accounting, and fiscal close.\u003c\/p\u003e\u003cp\u003eYou’ll learn the key metrics and analytics needed for the accounts payable process. This comprehensive toolkit provides the best practices, tools, and internal controls that can help safeguard your company’s cash and other assets. You’ll obtain a variety of tools to create the foundation required for current internal controls and compliance to ensure that suppliers are correctly validated in the supplier master file to maintain regulatory compliance.\u003c\/p\u003e\u003cp\u003eAvoid paying fraudulent or inaccurate invoices and avoid paying a supplier’s invoice more than once. Be certain that all supplier invoices are properly accounted for to ensure an accurate fiscal close. Finally, stay up to date with all current and coming trends in the accounts payable process, including eInvoicing, ePayment, Robotic Process Automation (RPA), Artificial Intelligence (AI), Machine Learning, and eAccounting.\u003c\/p\u003e\u003cp\u003e\u003ci\u003eThe New Accounts Payable Toolkit\u003c\/i\u003e provides guidance for the implementation of AP automation solutions that can streamline and modernize your own systems and processes to take advantage of new digital developments.\u003c\/p\u003e\u003cp\u003ePerfect for controllers, chief financial officers, and finance managers, \u003ci\u003eThe New Accounts Payable Toolkit\u003c\/i\u003e will also earn a place in the libraries of students and professionals who seek to better understand the components of an optimal accounts payable.\u003c\/p\u003e  \u003cp\u003eUNCOVER A UNIQUE AND POWERFUL NEW APPROACH TO ACCOUNTS PAYABLE PROCESSES\u003c\/p\u003e\u003cp\u003e\u003ci\u003eThe New Accounts Payable Toolkit\u003c\/i\u003e offers readers a comprehensive and timely new way of handling their accounts payable systems and processes. You’ll discover how to implement new digital technologies in every aspect of the accounts payable process, from the establishment of the initial contract and purchase order to the supplier validation process, invoice processing and payment, accounting, and fiscal close.\u003c\/p\u003e\u003cp\u003eYou’ll learn to validate suppliers in the master list to ensure regulatory compliance, prevent multiple payments for a single invoice, keep from paying fraudulent, inaccurate, or incomplete invoices, and apply best practices to help safeguard your company’s assets. You’ll also discover how to measure and record key metrics and analytics to maintain an effective accounts payable process. Finally, you’ll read about new and upcoming trends in accounts payable, like artificial intelligence, machine learning, and robotic process automation that you can implement today to realize new efficiencies and savings.\u003c\/p\u003e\u003cp\u003eIdeal for chief financial officers, finance managers, and controllers, \u003ci\u003eThe New Accounts Payable Toolkit\u003c\/i\u003e is an invaluable guide to modernizing and optimizing your own company’s accounts payable processes and systems.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990294249701,"sku":"NP9781119700500","price":60.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119700500.jpg?v=1761787240","url":"https:\/\/k12savings.com\/es\/products\/the-new-accounts-payable-toolkit-isbn-9781119700500","provider":"K12savings","version":"1.0","type":"link"}