On-demand Webinar | Free
AP Professionals are the unwelcome downstream beneficiaries of procurement processes with inadequate controls – invoices that magically appear with no purchase order and no audit trail about the purpose of the purchase or how it is to be adjudicated in terms of approval or account coding. And while some procurement teams are seeking to implement stringent controls – sometimes referred to as a “No PO – No Pay” policy - AP knows that one way or another that No PO invoice is a liability that must be paid and which they now must resolve.
Recognizing that although No PO invoices should be curtailed wherever possible, they remain as inevitable as death and taxes. So what strategies can AP utilize to more effectively manage No PO invoice processing in a more controlled and efficient manner? This webinar will highlight the best practice processes and technologies that can help liberate AP from the No PO Invoice predicament by examining:
- Effective strategies for discouraging the use of No PO invoices in the first place
- Key benchmarks on how best-in-class companies are minimizing the incidence of the No PO invoice
- Intelligent technology solutions to automate No PO invoice processing when they do occur
- Proactive approaches for AP to team with Procurement on revamped Procure-to-Pay processes designed to curtail – if not eradicate – the No PO invoice
Special Projects Editor, IOFM
Mark Brousseau is a noted analyst, speaker, writer and marketer, with more than 21 years of experience in advising leading providers of financial operations solutions and services.
Brousseau is president of Brousseau & Associates, a full-service strategic marketing and business development consultancy with the largest client base of any firm of its kind. Brousseau & Associates counts among its clients many top solutions and services providers in the payables, receivables, payments, document management, and healthcare verticals.
VP Corporate Development, Zycus
Richard has an extensive background in B2B E-Commerce. He helped launch GE’s Trading Process Network (TPN), the first on-line Marketplace for Sourcing and Procurement. He was also Co-Founder of B2eMarkets, one of the first SaaS (Software as a Service) Sourcing Suite providers and later covered the Supply Management market as an Industry Analyst for the Aberdeen Group.
Receive 1 CEU toward APM, APS, or P2P recertification! The Accounts Payable Certification and Procure-to-Pay Certification Programs are designed to establish standards for the profession and recognize Accounts Payable and Procure-to-Pay professionals who, by possessing related work experience and passing a comprehensive exam, have met stringent requirements for mastering the Accounts Payable and Procure-to-Pay bodies of knowledge.
This webinar is provided free of charge and underwritten by a sponsor. Following the webinar, you may be contacted by the sponsor with information about their products and services.
Continuing Education Credits available:
Receive 1 CEU towards IOFM programs:
Receive 1 CEU towards maintaining any AR and O2C related program through IOFM! These programs are designed to establish standards for the profession and recognize accounts payable and procure-to-pay professionals who, by possessing related work experience and passing a comprehensive exam, have met stringent requirements for mastering the financial operations body of knowledge.