The Integrated Accounts Payable – From Core Accounting to Strategic Management Training Course offered at Oxford Training Centre provides a comprehensive understanding of how accounts payable functions move beyond transactional processing to become a strategic component of organisational financial management. This programme covers both the core accounting and accounts payable fundamentals and advanced methods for managing accounts payable strategically, ensuring alignment with organisational goals and financial efficiency.
Participants will explore the entire accounts payable process training, including compliance, controls, workflow optimisation, and integration with other corporate finance functions. By addressing accounts payable best practices and accounts payable process improvement, the course empowers professionals to enhance efficiency, strengthen governance, and reduce operational risks.
With a focus on strategic accounts payable management, attendees will learn to identify opportunities for cost savings, implement accounts payable automation strategies, and develop strong accounts payable leadership skills. This also includes building capabilities in accounts payable reporting and analysis to support informed decision-making.
Designed as part of a wider portfolio of Accounting Finance and Budgeting Training courses, this programme bridges operational knowledge with strategic insights. By understanding the integration between accounts payable and core accounting, and between accounts payable and corporate finance integration, professionals will be better equipped to contribute to the organisation’s overall financial performance.
Objectives
- Understand the full scope of the integrated accounts payable training course framework, from basic processing to strategic planning.
- Apply core accounting and accounts payable principles to manage financial obligations accurately.
- Implement accounts payable best practices to improve operational performance and reduce inefficiencies.
- Design and enhance accounts payable workflow training models for consistent process execution.
- Apply methods for accounts payable process improvement to achieve cost efficiency and accuracy.
- Introduce accounts payable automation strategies to streamline manual operations.
- Integrate accounts payable operations with wider corporate finance and strategic management functions.
- Ensure regulatory compliance through accounts payable compliance training and strong internal controls.
- Conduct accounts payable reporting and analysis for informed financial decision-making.
- Develop accounts payable leadership skills for effective team management and strategic contribution.
Target Audience
- Accounts payable managers, supervisors, and specialists seeking advanced accounts payable training.
- Finance managers and controllers responsible for managing accounts payable strategically.
- Accountants working on core accounting and accounts payable processes who aim to strengthen their strategic skills.
- Process improvement officers looking to introduce accounts payable process improvement initiatives.
- Internal auditors and compliance officers involved in accounts payable controls and procedures.
- Corporate finance professionals working on accounts payable and corporate finance integration.
- Team leaders and aspiring managers interested in developing accounts payable leadership skills.
- ERP and finance system administrators focusing on accounts payable automation strategies.
How Will Attendees Benefit?
- A clear understanding of the accounts payable process training workflow from initiation to completion.
- Expertise in integrating accounts payable and core accounting functions for better organisational alignment.
- Skills to implement strategic accounts payable management practices that contribute to business growth.
- Ability to identify and address inefficiencies through accounts payable process improvement.
- Competence in introducing and managing accounts payable automation strategies.
- Knowledge of accounts payable compliance training requirements to maintain regulatory adherence.
- Analytical skills for effective accounts payable reporting and analysis to support decision-making.
- Leadership capabilities to drive accounts payable efficiency improvement within teams and departments.
- Awareness of accounts payable risk management approaches to safeguard organisational resources.
Course Content
Module 1: Core Accounting and Accounts Payable Foundations
- Understanding the relationship between core accounting and accounts payable.
- Principles of accurate financial recording in the accounts payable cycle.
- Key controls and documentation for maintaining transaction integrity.
Module 2: Accounts Payable Process and Workflow
- Mapping the accounts payable process training stages from invoice receipt to payment.
- Standardising procedures with accounts payable workflow training methods.
- Identifying gaps and opportunities in the payment cycle.
Module 3: Strategic Accounts Payable Management
- Transitioning from operational focus to strategic accounts payable management.
- Linking accounts payable to long-term financial planning.
- Leveraging supplier relationships for organisational benefit.
Module 4: Accounts Payable Best Practices and Process Improvement
- Applying global accounts payable best practices for operational excellence.
- Techniques for accounts payable process improvement to reduce errors and delays.
- Performance metrics to measure efficiency and compliance.
Module 5: Automation Strategies in Accounts Payable
- Exploring accounts payable automation strategies to eliminate manual processing.
- Selecting technology solutions for workflow efficiency.
- Integrating automation tools with ERP systems for seamless operations.
Module 6: Compliance, Controls, and Risk Management
- Applying accounts payable compliance training to meet legal and policy requirements.
- Implementing strong accounts payable controls and procedures to prevent fraud.
- Risk assessment and mitigation in accounts payable risk management.
Module 7: Reporting, Analysis, and Strategic Insights
- Generating effective accounts payable reporting and analysis for management decisions.
- Using data to forecast cash flow and improve supplier negotiations.
- Linking reporting outputs to strategic financial management in accounts payable.
Module 8: Leadership and Integration in Accounts Payable
- Building accounts payable leadership skills for effective team performance.
- Enhancing collaboration through accounts payable and corporate finance integration.
- Driving organisational value through cross-functional engagement.