Best Practices for Accounts Receivable and Payable Management
Course Overview
Course Objectives
- Optimize accounts receivable processes to improve cash flow.
- Implement best practices for managing accounts payable efficiently.
- Analyze and enhance the cash cycle for better liquidity management.
- Develop and execute strategies to improve working capital.
- Utilize advanced tools and techniques to streamline cash cycle management.
Course Audience
- Financial Managers.
- Accounts Receivable and Payable Professionals.
- Treasury Analysts.
- Controllers.
- CFOs and Financial Executives.
Course Methodology
This program will use a blend of interactive lectures, case studies, group exercises, and practical simulations. Participants will apply real-world cash cycle management practices using analytical tools, technology demonstrations, and peer-to-peer learning. The focus will be on optimizing liquidity, enhancing efficiency, and aligning cash management with strategic financial goals.
Course Outline
Day 1: Foundations of Cash Cycle Management
- Introduction to Cash Cycle Management
- Accounts Receivable Best Practices
Day 2: Advanced Accounts Receivable Strategies
- Advanced Accounts Receivable Techniques
- Accounts Payable Best Practices
Day 3: Advanced Accounts Payable & Working Capital
- Advanced Accounts Payable Strategies
- Working Capital Optimization
Day 4: Forecasting and Financial Analysis
- Cash Flow Forecasting and Planning
- Financial Analysis and Reporting
Day 5: Technology and Strategic Integration
- Technology and Tools for Cash Cycle Management
- Integrating Cash Cycle Management with Financial Strategy
- Final workshop: Case study on end-to-end cash cycle optimization