Invoice Handling Best Practices to Prevent Duplicate and Fraudulent Payments (Currently Unavailable)

Invoice handling – you’d think it would be straightforward – but the reality is far from that. Every organization does it a little differently; different industries have their own requirements and peculiarities; and technology has become a major factor – both for good and bad. Recent statistics from an AP Now survey on invoices reveal that over 70% of all companies now receive the majority of their invoices by email. This is fine if you have a good process in place to handle them. Many don’t and they are paying for it.

Topics Covered

• Invoice handling best practices
• Invoice handling of duplicate copies of invoices (a huge problem) Preventing invoice fraud
• Automation of invoice handling

Learning Objectives

• Measure how your invoice process and problems compare to others
• Identify poor invoice handling practices that cause duplicate and erroneous payments (and no, the vendor won't automatically return them)
• Create a best practice operation for your invoice processing
• Minimize some of the ongoing common problems
• Investigate different invoice automation models
• Evaluate the impact of invoice automation in other countries on North American initiatives
• Understand the role AI and RPA are likely to play in invoice processing in the near future
• Determine how your organization will pay for invoice automation (or AI or RPA)

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Accounting (2 hours)

Program Prerequisites
None

Advance Preparation
None