Are 19th-century procedures making your company inefficient? An accounts payable team is at the core of a corporate accounting department, and if it isn't functioning properly:
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Monthly accounts cannot be prepared promptly.
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The company does not, at any point in time, know of its total liabilities.
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Budget holders spend too much of their valuable time processing orders and approving invoices for payment.
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There is a low level of accuracy in monthly accounts due to missed liabilities and posting errors.
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Suppliers are constantly querying payments.
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Expense claims are a nightmare for claimants and the accounts payable team.
Learn how to "remove Charles Dickens" from your office. Join David Parmenter, CEO of Waymark Solutions, as he discusses his latest book, Pareto's 80/20 Rule for Corporate Accountants. His ideas can help you work more effectively with buyers, suppliers and purchase card holders. Parmenter will share his thoughts on electronic invoicing, purchase card operations and other means of improving your accounts payable function.
About David Parmenter
David Parmenter is the CEO of Waymark Solutions, a performance management company. He is an international presenter who is known for his thought-provoking and lively sessions, which have led to substantial change in many organizations. Parmenter is a leading expert in developing winning KPIs, replacing the annual planning process with quarterly rolling planning and converting reporting to a decision-based tool.
His work on KPIs has received international recognition. He has recently released two books, Key Performance Indicators: Developing, Implementing, and Using Winning KPIs and Pareto’s 80/20 Rule for Corporate Accountants.
Parmenter has an in-depth understanding of better practices of corporate accountants across all sectors. He has worked for Ernst & Young, BP Oil Ltd., Arthur Andersen and Price Waterhouse. He is a member of the Institute of Chartered Accountants of New Zealand and is a fellow of the Institute of Chartered Accountants of England and Wales.
Parmenter has presented to more than 5,000 accountants covering Australia, Ireland, New Zealand and the UK. He has written more than 30 articles for accounting and management journals, including “Quarterly Rolling Planning – Removing the Barriers to Success,” “Throw Away the Annual Budget,” “Beware Corporate Mergers,” “Implementing a Balanced Scorecard in 16 Weeks,” “Convert Your Monthly Reporting to a Management Tool,” “Smash Through the Performance Barrier,” “Is Your Board Reporting Process Out of Control?” “Implementing Winning Key Performance Indicators” and “Quick Month-End Reporting.”
