Learn how to reduce cost and gain techniques to add value to your organization through advancing and optimizing invoice processing functions.
Accounts Payable (AP) departments can often be ignored, with the only expectation being they continue to process paper invoices as they have for years. New Enterprise Resource Systems (ERP) often bring technology advances, but there's so much more that leaders can do to turn a department known for their mundane, repetitive functions into providing strategic support to any organization. This course can help AP staff better understand their importance in the organization and provide them with invoice processing best practices. AP leaders will receive insight into the latest advances in technologies and operating procedures to advance the performance and importance of AP in their organizations. You will also learn how to reduce cost and gain techniques to add value to your organization through advancing and optimizing invoice processing functions.
Learning Objectives
- You will be able to identify important aspects of invoice processing.
- You will be able to recognize strategies for invoice processing best practices.
- You will be able to recognize more intricate aspects of invoice processing.
- You will be able to identify strategies to strategically partner with Accounts Payable.
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Why Lorman?
Over 39 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Invoice Processing Overview
- Invoice Types
- Invoice Matching
- Invoice Approvals
Invoice Processing Best Practices
- Electronic Data Interchange (EDI)
- Scanning (OCR)
- AP Automation
- Move From Mundane and Repetitive to Strategic
- Performance Metrics
Additional Invoicing Considerations
- Freight, Shipping, Handling
- Sales Tax
- AP Audits
- Credit Processing
Make AP a Strategic Partner
- Build on the Relationship With Purchasing
- Create Savings Goals
- Become an Organizational Subject Matter Expert
- Manage Supplier Discount Terms
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Credit
More Program Information
Why Lorman?
Over 39 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last reviewed on October 31, 2025.
Call 1-866-352-9540 for further credit information.
- ISM 1.0
- Participants who successfully complete this program will receive 1.0 hours of continuing education. They may be applied toward ISM CPSM, CPSD or C.P.M. recertification. ISM's consent to approve hours for this educational event is not an endorsement of this program or its content by ISM.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 39 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Andy Lamb, C.P.M.
Andy Lamb Associates LLC
- 30-year career concentrating on the management and advancement of procurement operations
- Experience working in private, public, and nonprofit organizations
- Implemented procurement and contract management shared services across organizational networks
- Advisor to the UC San Diego Extension - Supply Management Certification Program
- Past member of the Institute for Supply Management (ISM) and the Association for Healthcare Resource & Materials Management (AHRMM)
- Achieved Certified Purchasing Manager (C.P.M.) lifetime certification status in 2012
- Can be contacted at 802-345-5861 or [email protected]
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Why Lorman?
Over 39 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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