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CPE Credits 7 - CEUs (IOMA/TAPN) 6

Utilizing AP Benchmarks & Metrics to Drive Process Improvement #83

Measure the salient factors that drive process improvement and guard against metric pitfalls
 

According to IOMA’s recent research, almost one-half (46%) of all AP managers benchmark their department’s operations. But simply comparing your department’s metrics against similar companies is only half the story. Benchmarking must be used to trigger process improvements that will enhance your department’s operations.

This full-day seminar will explore the development and use of benchmarking to evaluate AP process improvements and management strategies’ impact to various cost components, service levels, vendor relations, and fraud control. In this stimulating presentation and exchange of ideas about the future of AP, the session explores twelve critical issues in AP:

  • Developing a balanced scorecard for the management of AP
  • Selecting the right organizations/sources for data
  • Evaluating efficiency vs. effectiveness metrics
  • Recognizing the value and pitfalls of benchmarking
  • Investing in the right technologies-changing the process mix
  • Reducing fraud risk with reasonable controls
  • Providing user-friendly systems
  • Creating value through vendor partnering/enhanced relations
  • Furnishing more reliable financial data via AP system development
  • Developing of AP associates- the new skills required
  • Outsourcing/Shared-Service challenges & opportunities
  • Off shoring realities & organizational self-examination

About the Presenter
is an operations and finance expert with significant accomplishments on five continents as a corporate officer and a consultant to a number of Fortune 500 clients.   He served as comptroller Sears Roebuck de Mexico and corporate controller of Hartmarx Specialty Stores. Additionally, he develops and presents several seminars worldwide. The topics include business transformation & reengineering, process improvement, best practices, accounts payable systems, and performance measurements. He is an AP certification holder and a writer of comprehensive AP manuals.

Augment your seminar value with a discounted copy of IOMA's  AP Department Benchmarks & Analysis —a $379 Value for $246 !  Fortify and reinforce your learning experience with this comprehensive process insight and data. 

See Seminars at the bottom for the research report details

Nat Goodman Nat Goodman, MBA, CPA, APM, CAPP


Seminar Schedule:

8:00am - 9:00 — Registration with Continental Breakfast
8:30am - 11:45 — Seminar
11:45 - 12:45 — Lunch (provided)
1:00pm - 4:00 — Seminar continues


CPE75 CPE Credit: Goodman & Associates 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 addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Nashville, TN, 37219-2417. Web site: www.nasba.org. This conference qualifies for 7 CPE Credits. No pre-requisite courses, advanced preparation or experience is required for admittance to this conference.

Cost
$595
$990 - Special two-day combination price



Prerequisite:
Understanding of accounting/financial principles
Preparation: None
Course Level: Intermediate
Instructional Method: Group-Live Offering/Case Study Analysis

 

Click here to Register for this seminar!

Schedule of Seminars


Seminar Type Date City Location
  Utilizing AP Benchmarks & Metrics to Drive Process Improvement #83   Oct 7, 08   Naperville, IL (Chicagoland)   Hotel Arista, a newly opened luxury hotel at a remarkable low opening price 888-504-0088
  T&E Best Practices, Regulatory Compliance, & Internal Control #82   Oct 8, 08   Naperville, IL (Chicagoland)   Hotel Arista, a newly opened luxury hotel at a remarkable low opening price 888-504-0088
  Two Day Seminar Combination Price Purchase Codes Above   Oct 7, 08   Naperville, IL (Chicagoland)   Hotel Arista, a newly opened luxury hotel at a remarkable low opening price 888-504-0088