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Costly Accounts Payable Mistakes that Many Don’t Realize They Are Making

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Manage episode 508110018 series 2500761
Content provided by Mary Schaeffer. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Mary Schaeffer or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Think your AP process is airtight? You might be leaking money and not even know it. Accounts Payable mistakes are quietly draining organizations—sometimes by millions—without setting off a single alarm. And here's the kicker: most teams have no idea it’s happening. These seemingly 'small' oversights are like slow leaks in a massive tank—silent, invisible, but deadly to your bottom line.

In this session, we’ll unpack the three most common AP missteps, explore what you think is happening versus what’s actually going on, and share best practices that leading organizations use to protect their cash flow, vendor relationships, and reputation.

Whether you’re a CFO, controller, or AP manager, this is your chance to review your process, sharpen your defenses, and walk away with actionable strategies to tighten controls, prevent fraud, and boost operational efficiency. Let’s look at three of the most common—and dangerous—AP mistakes, and chances are, at least one is happening in your organization right now. #accountspayable #accounting #invoice

Link to Invoice Best Practices https://youtu.be/Ta25w7SDXec

Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1

Looking for more of the most current business intelligence about

+ Best practices around your payment and accounts payable function

+ Current and new fraud protection protocols

+ The newest technology impacting your accounting, accounts payable, and payment functions

+ Career advancement

+And much more!!

+++++++++++++++++++++++

See most recent videos at: https://www.youtube.com/@APNow/videos

See all short tips at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-He5ELp9TP3wqQdHIbfIcFAB

Learn more about AP Best Practices; Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V

Learn more about Internal Controls in AP; Playlist https://www.youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_

Looking for Automation insights: Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby

  continue reading

100 episodes

Artwork
iconShare
 
Manage episode 508110018 series 2500761
Content provided by Mary Schaeffer. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Mary Schaeffer or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Think your AP process is airtight? You might be leaking money and not even know it. Accounts Payable mistakes are quietly draining organizations—sometimes by millions—without setting off a single alarm. And here's the kicker: most teams have no idea it’s happening. These seemingly 'small' oversights are like slow leaks in a massive tank—silent, invisible, but deadly to your bottom line.

In this session, we’ll unpack the three most common AP missteps, explore what you think is happening versus what’s actually going on, and share best practices that leading organizations use to protect their cash flow, vendor relationships, and reputation.

Whether you’re a CFO, controller, or AP manager, this is your chance to review your process, sharpen your defenses, and walk away with actionable strategies to tighten controls, prevent fraud, and boost operational efficiency. Let’s look at three of the most common—and dangerous—AP mistakes, and chances are, at least one is happening in your organization right now. #accountspayable #accounting #invoice

Link to Invoice Best Practices https://youtu.be/Ta25w7SDXec

Subscribe for more tips and insights like this: https://www.youtube.com/APNow?sub_confirmation=1

Looking for more of the most current business intelligence about

+ Best practices around your payment and accounts payable function

+ Current and new fraud protection protocols

+ The newest technology impacting your accounting, accounts payable, and payment functions

+ Career advancement

+And much more!!

+++++++++++++++++++++++

See most recent videos at: https://www.youtube.com/@APNow/videos

See all short tips at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-He5ELp9TP3wqQdHIbfIcFAB

Learn more about AP Best Practices; Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V

Learn more about Internal Controls in AP; Playlist https://www.youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_

Looking for Automation insights: Playlist at: https://www.youtube.com/playlist?list=PLtL6rWSXZ-Hf_cZwQOcDZrYV4dA0oDVby

  continue reading

100 episodes

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