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Course Code: FNBN 7493
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Invoice and Payment Process Optimization
Course Sector:
Finance, Accounting and Banking
Course Dates and Locations
Choose a date and location to book your seat
No.
Date
Days
Location
Fees
Enrollment
01
5 Days
Dubai, UAE $4,250
02
5 Days
Online, Virtual $2,150
03
5 Days
Riyadh, KSA $4,250
Introduction
Training course introducion / brief
This course designed to help finance, procurement, and accounts payable professionals enhance the accuracy, efficiency, and compliance of their invoice and payment processes. The program focuses on streamlining approval workflows, reducing manual errors, ensuring adherence to regulatory standards, and leveraging automation tools such as RPA, AI, and ERP systems to optimize financial operations. Through real-world case studies, interactive workshops, and hands-on exercises, participants will learn how to improve invoice processing, accelerate payments, and reduce operational costs.
Course Objectives
At the end of the training course, participants will be able to
- Understand the key components of an efficient invoice-to-pay (I2P) process.
- Improve invoice accuracy through standardized procedures and data validation techniques.
- Streamline approval workflows using best practices and automation.
- Ensure compliance with internal policies and external regulations (e.g., tax, accounting standards).
- Leverage automation tools like RPA, OCR, and ERP systems to enhance payment efficiency.
- Identify and mitigate common bottlenecks in the invoice and payment cycle.
- Develop a strategic approach to continuous improvement in financial processes.
Course Audience
Who is this course for, and can benefit the most
- Accounts Payable Professionals
- Procurement Officers
- Finance Managers
- Invoice Analysts
- Compliance Officers
- Business Process Analysts
- Financial Operations Teams
Course Outline
The course aims and learning outcomes
Introduction to Invoice and Payment Processes
- Overview of the invoice-to-pay (I2P) lifecycle
- Key stakeholders and roles in the payment cycle
- Common challenges in invoice management
- Importance of accuracy, compliance, and efficiency
- Case study: Real-world examples of inefficient payment processes
Invoice Accuracy and Error Reduction
- Best practices for invoice data entry and validation
- Matching invoices to purchase orders and receipts (3-way match)
- Reducing human error through standardization and automation
- Tools for invoice verification and reconciliation
- Case study: Reducing invoice errors at a mid-sized enterprise
Streamlining Approval Workflows
- Designing efficient approval hierarchies
- Role-based access and workflow automation
- Integration with ERP and accounting systems
- Managing exceptions and escalations
- Case study: Automating approvals in a global organization
Compliance and Risk Management in Payments
- Regulatory requirements for invoicing and payments
- Tax compliance (VAT, GST, etc.)
- Internal audit and control mechanisms
- Managing fraud, duplicate payments, and non-compliant invoices
- Case study: Preventing fraud in a high-volume AP environment
Automation in Invoice & Payment Processes
- Introduction to automation tools: RPA, AI, OCR, and ERP integration
- Benefits of automation in invoice processing and payment execution
- Measuring performance: KPIs and metrics for I2P
Providers and Associations
Providing the best training services and benefits to our valued clients
Boost certificate of completion
BOOST's Professional Attendance Certificate “BPAC” is always given to the delegates after completing the training course, and depends on their attendance of the program at a rate of no less than 80%, besides their active participation and engagement during the program sessions.
ENDORSED EDUCATION PROVIDER
Flexible deadlines
Customized dates accordance to your schedule
Shareable Certificate
Earn certificate upon completion
COURSE METHODOLOGY
Our Training programs are implemented by combining the participants' academic knowledge and practical practice (30% theoretical / 70% practical activities).
At The end of the training program, Participants are involved in practical workshop to show their skills in applying what they were trained for. A detailed report is submitted to each participant and the training department in the organization on the results of the participant's performance and the return on training. Our programs focus on exercises, case studies, and individual and group presentations.
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