FISCAL Technologies : Secrets to a Highly Effective Accounts Payable Team

How do you create a highly effective AP department?

It is your responsibility to ensure that the AP department is at peak performance. Accounts Payable is an integral part of an organisation after all, and without you and your team the business can't run. According to a recent survey, a huge barrier to your AP team performance is time. With the administrative requirements that come with a team dealing with a high volume of invoices and queries, how do you free time for your AP Clerks to become AP Analysts and deliver additional value back to the business? How do you ensure the team is efficient as possible and how do you retain key staff?

Our presenters will discuss driving improvements with AP in six areas:
• Leadership – Setting clear goals. Identifying team strengths and weaknesses and how they can work together.
• Talent - keeping up team spirit and retaining staff.
• Controls and performance, including setting KPIs against benchmarking data.
• Reporting and recording key metrics.
• Technology, including the best areas to automate your processes.
• Organisation, including centralisation.