Accounts Receivable: Mastering Billing & Collections
Overview
This course is designed to elevate accounts payable (AP) from a transactional task to a strategic function that impacts supplier relationships, working capital, and overall business efficiency. You’ll learn how to optimize each stage of the procure-to-pay (P2P) cycle—from supplier onboarding and invoice management to payment timing and procurement alignment. The course emphasizes the importance of collaboration between AP and procurement to reduce costs, enhance vendor trust, and streamline operations. You’ll also gain insights into risk management, technology enablers, and performance metrics to transform your AP function and drive better results. With a focus on smarter controls, performance enhancement, and strategic influence, this course empowers you to improve AP processes, enhance reporting, and contribute to business-wide decision-making.
Learning Objectives:
After completion of this course, participants will be able to:
- Identify key stages in the procure-to-pay cycle and their impact on financial operations
- Recognize the characteristics of effective supplier onboarding and master data management
- Differentiate between various payment terms and strategies that support working capital goals
- Select appropriate metrics to evaluate accounts payable performance and process efficiency
- Determine appropriate internal controls to reduce risk and prevent fraud in AP activities
This course includes practical exercises, mentor insights, and scenario-based questions to reinforce learning and ensure participants can apply key concepts in real-world finance leadership situations. Upon successful completion, participants will receive a CPD-accredited certificate.
Lessons:
Lesson 1: Foundations of Accounts Payable Excellence
This module covers the full procure-to-pay process, helping you streamline AP workflows, improve supplier management, and implement strong controls to reduce errors, prevent fraud, and drive efficiency.
Lesson 2: Driving Performance in Payments & Procurement
Align AP with procurement to improve cash flow, supplier terms, and efficiency through strategy, automation, and smart KPIs.
Lesson 3: Strategic Supplier Management & Business Impact
This module positions AP as a strategic lever—helping you manage supplier relationships, mitigate risk, support ESG goals, and communicate AP’s value at the leadership level.
Additional Information
CPD Hours: 2
Field of Study: Finance
No prerequisite knowledge is required to be successful in this course.
No advance preparation is required.
Program Level: Basic
Delivery Method: QAS Self Study
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