Accounts Payable (AP) in the Cloud

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  • Panelist Information: Paul Kirch - Deloitte
  • Recording Date: Tuesday, 24 October 2017
  • Recording Time: - 1:00 PM EDT
  • Duration: 1 Hour

Cloud computing will change business and business processes dramatically over the next 5-10 years as companies race to implement new cloud solutions, such as Oracle Cloud ERP, Workday, Salesforce, or NetSuite, among others. In general terms, accounting processes can be classified as Purchase-to-Pay, Order-to-Cash, or Record-to-Report transactions. This webinar will focus on the Purchase-to-Pay transactions in the cloud. 

Purchase to Pay processes encompass a number of areas, including Requisitioning, Purchase Orders and PO approvals, AP Invoice capture, sales and use tax, payments, and accounting for the transactions. This presentation will focus on the four key areas of the P2P process: 
1. Vendor Management: Managing vendors, including the vendor approval process and the vendor management process across the organization. 
2. Requisition and Purchase Order Creation: Understand the Requisition and Purchase Order creation process, and transmittal of the Purchase Order to the vendor through EDI, email or other means. 
3. Invoice Capture and Approval: Capturing and approving the AP vendor bill (AP invoice), the 3-way match, and invoice approval 
4. Payments: Calculate Your Return on Investment (ROI): Using the organization's needs, assets, risks and requirements, calculate the cost of moving to the cloud and compare that to your existing costs.